Bank Indonesia Regulation No. 14/2/PBI/2012 on the Amendment to Bank Indonesia Regulation No. 11/11/PBI/2009 on Card-Based Payment Instrument Activities (“2012 Regulation”) has been issued to reiterate the implementation of the precautionary principle and consumer protection when using credit and debit cards as a method of payment. The 2012 Regulation is also aimed at implementing credit risk management in the payment card system.
Payment Card Organizing
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