Regulatory Alerts2018-05-07
Bank Indonesia Regulation Number 20/6/PBI/2018 On Electronic Money
Bank Indonesia issues Regulation Number 20/6/PBI/2018 to establish a comprehensive regulatory framework for the issuance and operation of electronic money in Indonesia. The regulation mandates that providers obtain specific licenses and approvals, while imposing strict requirements on capital, foreign ownership, and fit-and-proper tests for key personnel. It further defines the operational principles, risk management standards, and consumer protection measures necessary to ensure the safety and efficiency of electronic payment systems.
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