Indonesia

Payments & Settlements

Indonesia Launches NFC-based QRIS Tap Payments Trial

By Editors | 20/12/2024

The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

CBDCs

Bank Indonesia Completes Stage One PoC Testing for CBDC

By Manesh Samtani | 17/12/2024

Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.

ESG Data

ASEAN Stock Exchanges to Issue RFI to Develop ESG Data Infrastructure

By Nithya Subramanian | 27/11/2024

The effort aims to enhance ESG data standardisation, attract global investors, and position ASEAN as a hub for sustainable development.

Emerging Prudential Risks

Indonesia’s OJK Launches Roadmap to Strengthen Microfinance Sector

By Nithya Subramanian | 26/11/2024

The five-year roadmap aims to enhance MFIs by focusing on governance, risk management, education, and ecosystem development.

Fraud, Scams & Cybercrime

OJK Announces Soft Launch of Indonesia Anti-Scam Centre

By Mark Johnston | 25/11/2024

The Anti-Scam Centre will improve coordination between FIs and law enforcement agencies, and help protect consumers against fraud and scams.

Supervision & Enforcement

Indonesia, S. Korea Enhance Financial Supervision Cooperation

By Mark Johnston | 17/11/2024

Indonesia and South Korea have strengthened their cooperation in financial service supervision through a recent bilateral meeting.

Credit Risk

Indonesia Opens 6-Month Window for Loan Forgiveness

By Nithya Subramanian | 15/11/2024

Under the new regulation, state banks can grant certain MSMEs full loan forgiveness without being charged with creating state losses.

Structural Regulation

BSP Invites Indonesia, Malaysia to Explore Philippine Islamic Finance Sector

By Sanday Chongo Kabange | 07/11/2024

The BSP has been engaging with FIs in Indonesia and Malaysia about exploring opportunities in the Philippines Islamic finance sector.

Operational Risk

OJK Issues New Regulation on Bank Financial Reporting

By Editors | 01/11/2024

Banks have 3 months to implement financial reporting controls and 6 months to assign responsibility for preventing fraud or manipulation in financial reports.