Regulatory Alerts2009-04-13
Bank Indonesia Regulation Number 11/11/PBI/2009 Concerning Management of Card-Based Payment Instrument Activities
Bank Indonesia issued Regulation Number 11/11/PBI/2009 to establish the regulatory framework for the management of card-based payment instrument activities. The regulation defines the operational standards, licensing requirements, and supervisory obligations for entities issuing and acquiring card-based payment instruments. It aims to ensure the safety, efficiency, and integrity of the national payment system by standardizing the conduct of card business operations.
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