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2017-11-01

Regulation of Bank Indonesia No. 19/8/PBI/2017 on National Payment Gateway

Bank Indonesia issued this regulation to establish a National Payment Gateway (NPG) that ensures the smooth, safe, and interoperable processing of all domestic retail payment transactions. The framework defines NPG operators, including Standard, Switching, and Services Agencies, while mandating that connected parties like issuers and acquirers utilize at least two Switching Agencies for interconnection. Furthermore, the rule enforces local infrastructure usage, Indonesian ownership requirements for switching entities, and final settlement through Bank Indonesia to support the national cashless movement.

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11/1/2017 10:00 AM

Judul Regulation of Bank Indonesia No. 19/8/PBI/2017 on National Payment Gateway

Peraturan Bank Indonesia

Moneter dan Pasar Keuangan

Berlaku

Bank Indonesia Regulation

Payment System and Rupiah Management

Effective

Page Image

Page Content SUMMARY OF REGULATION OF BANK INDONESIA

Regulation

Regulation of Bank Indonesia No. 19/8/PBI/2017 on

National Payment Gateway

Effective Date

22 June

2017

Summary

Regulation of Bank Indonesia on National Payment Gateway (RBI NPG ) is issued by considering :

to realize smooth, safe, efficient, and reliable national payment system and by observing more advanced, competitive, and integrated information, communication, technology, and innovation, the national payment system policy must be directed at development of integrated and sustainable resilience and development as well as competitiveness increase .

to build resilience, conduct integrated and sustainable development, and increase competitiveness of national payment system, management of infrastructure, institution, instruments, and mechanism of national payment system is required in a system capable of processing all domestic retail payment transactions in interconnection and interoperability .

processing of domestic retail payment transactions in interconnection and interoperability within the implementation of nationalpayment gatewayaims to fulfill public need for cashless transactions by using retail payment instruments and to facilitate and expand public acceptance to national cashless movement .

The scope of this RBI includes :

objective and scope of

NPG;

parties to

NPG;

operators of

NPG;

parties connected with

NPG;

implementation of

NPG;

report ;

other provisions and transitional provisions ; and

supervision and sanction .

Bank Indonesia establishes NPG policy through Switching interconnection to realize interoperability of national payment system. The scope of NPG includes domestic payment transactions, including Switching interconnection, interconnection and interoperability of payment canals, and interoperability of payment instruments .

Parties to NPG include NPG operators and parties connected with

NPG.

NPG operators include :

Standard Agency ;

Switching Agency ;

Services Agency .

Parties connected with

NPG include :

Issuer ;

Acquirer;

Payment

Gateway operator ; and

Other parties determined by Bank Indonesia.

Criteria/Requirements for NPG Operators :

Standard Agency :

representative of national payment system industry ;

ii.

established under the law of Indonesia ;

iii.

has the competency to prepare, develop, and manage the Standard for interconnection and interoperability of various payment instruments and canals .

Switching Agency :

has obtained permit as a switching operator by BI;

ii.

has implemented domestic payment transaction processing by using infrastructures owned in Indonesia ;

iii.

has met share ownership of at least 80% (eighty percent) by an Indonesian citizen and/or Indonesian legal entities . If foreign ownership exists in a Switching Agency, the foreign ownership calculation includes direct and indirect ownership according to Bank Indonesia’s assessment. Any Switching Agencies, which have obtained the approval of Bank Indonesia, remain obliged to meet the share ownership percentage. They must also request the approval of Bank Indonesia if they change their equity and/or shareholder structure ;

iv.

has the ability and capacity to perform Switching function in NPG ;

has paid-up capital of at least Rp 50,000,000,000.

Services Agency :

is established under the law of Indonesia as a limited liability company ;

ii.

has the ability and capacity to perform Services functions in NPG ;

iii.

the shares are jointly owned by :

iv.

the Switching Agency ;

Commercial Bank by Business Activity (BUKU) 4 (four) whose majority shares are owned by an Indonesia citizen and/or Indonesian legal entity . Such share ownership by may be conducted gradually according to the readiness of each Bank.

In addition to meeting the criteria or requirements, parties intending to become an NPG operator must obtain a decision as a Standard Agency or Services Agency and approval for a Switching Agency .

To process the application for decision as a Standard Agency and Services Agency and approval for a Switching Agency, Bank Indonesia will conduct administrative review, applicant eligibility analysis, and applicant examination if necessary .

A Switching Agency may cooperate with any Switching operator outside of NPG provided that they have obtained the approval of Bank Indonesia.

For implementation of interconnection and interoperability, parties connected with

NPG must comply with and apply the Standard determined by Bank Indonesia and managed by Standard Agencies and comply with the provisions determined by Services Agencies .

Parties connected with

NPG must be connected by becoming a member of at least 2 (two) Switching Agencies, except for instruments with mutual interoperability without through a Switching Agency .

Switching Agencies and Services Agencies must process final settlements in Bank Indonesia.

Any domestic payment transactions must be processed through NPG.

Parties connected with

NPG in the forms of commercial banks and sharia banks for ATM and/or debit cards must be connected with at least 2 (two) Switching Agencies no later than 30 June

NPG operators and parties connected with NPG must comply with the provisions of Bank Indonesia on national branding and price scheme policy and must provide service feature for payment transaction to be processed through NPG.

Every NPG operator must submit reports to Bank Indonesia , which consist of periodic reports and incidental reports, and submission of reports by parties connected with

NPG refers to the provisions of

Bank Indonesia on implementation of payment transaction processing .

Bank Indonesia conducts direct and indirect supervision on NPG operators . If necessary , Bank Indonesia will conduct direct supervision of parties cooperating with NPG operators .

NPG operators, which breach the provisions of this RBI, will be imposed with administrative sanctions in the forms of written warning, fine, temporary termination of the entire activity, and/or revocation of decision as and/or approval for NPG operators .

Other provisions specify the followings :

Bank Indonesia may establish a certain policy to make the decision and/or grant the approval for NPG operators based, among others, on the following considerations :

)

improve national efficiency ;

ii)

support national policy ;

iii)

maintain public interest ;

iv)

maintain industrial growth ; and

maintain sound business competition .

The national chip technology standard for ATM and/or debit cards set by Bank Indonesia under the provisions of Bank Indonesia on payments by cards is established as the Standard for ATM and/or debit cards to be used in NPG .

Any parties, who operate the national chip technology standard for ATM and/or debit cards shall be determined as Standard Agencies .

Transitional provisions are specified as follows :

Any party, which has obtained the permit as a principal prior to the enforcement of this Regulation, may submit a n

application for approval as a Switching Agency according to the principal permit they have obtained no later than 3 (three) months as of the enforcement of this RBI , provided that the party have met the following criteria :

has implemented processing of domestic payment transactions by using the infrastructure owned in Indonesia;

ii)

meets the minimum share ownership of 80% ( eighty percent ) owned by an Indonesian citizen and/or Indonesian legal entity; and

iii)

has the ability and capacity to perform Switching functions in

NPG.

Prior to establishment of Services Agencies, all duties and authorities of Services Agencies shall be performed by parties appointed by Bank Indonesia by considering feedbacks from payment system industry .

Further provisions are specified in the Regulation of Members of Board of Governors .

Lampiran Attachments

Lampiran 1 Regulation of Bank Indonesia No. 19/8/PBI/2017.pdf

Lampiran 2 FAQ - Regulation of Bank Indonesia No. 19/8/PBI/2017.pdf

Lampiran 3

Lampiran 4

Lampiran 5

Lampiran 6

Lampiran 7

Lampiran 8

Lampiran 9

Lampiran 10

Kontak Contact

Kontak Contact Center BICARA : (62 21) 131 e-mail :bicara@bi.go.id

Halaman ini terakhir diperbarui 1/27/2021 9:14 PM

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