In an effort to provide fast, easy, inexpensive, safe and reliable payment systems that are in line with developments in business models, activities and innovations, as well as efforts to maintain stability and risk mitigation, [1] Bank Indonesia (“ BI ”) has issued Regulation No. 23/7/PBI/2021 on the Organization of Payment System Infrastructure (“ Regulation 7/2021 ”).
BI Issues Provisions on Organizers of Payment System Infrastructure
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