Tag "Bank Indonesia"
Bank Indonesia Now Has 122 Participants for Its Real-Time Payment Scheme BI-FAST
Bank Indonesia (BI) announced that it has onboarded another 16 participants for its domestic real-time payments scheme BI-FAST powered by ACI Worldwide. BI-FAST is accessible through applications or channels provided by the payment system industry to facilitate retail payment transactions
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Indonesia’s BI-FAST to Expand Its Real-Time Payment Services and Banks Participation
Indonesia’s domestic real-time payments scheme BI-FAST, launched by Bank Indonesia and powered by ACI Worldwide, has announced plans to launch a wide range of new real-time payment services. BI-FAST payment services will be extended to include bulk credit, direct debit
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Partior Among the Winners of G20 TechSprint Challenge by BIS and Bank Indonesia
The Bank for International Settlements (BIS) and Bank Indonesia has announced the winners of the G20 TechSprint 2022 challenge during a live award ceremony in Jakarta. The G20 TechSprint 2022 focused on solving technology challenges related to wholesale and retail central
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BIS and Bank Indonesia Launch the Third G20 TechSprint Focused on CBDCs
The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia has launched the third G20 TechSprint Initiative, focused on developing new solutions for central bank digital currencies (CBDCs). The initiative will be one of the side events of Indonesia’s G20
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Bank Indonesia Launches Its First Real-Time Payments Infrastructure With ACI Worldwide
Bank Indonesia (BI), the country’s central bank, has launched its first real-time payments infrastructure BI-FAST that is driven by ACI Worldwide, a global provider of real-time payments and digital payment solutions. BI-FAST is an integral part of Indonesia’s ongoing digital
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Bank Indonesia and MAS Deepen Ties to Promote Payments Innovation
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation and deepen ties. The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to
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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework
When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these
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How is Indonesia Implementing Blockchain Technology?
The Indonesian Central Bank repeatedly warns citizens about cryptocurrencies and cautions to understand the risks, but the country’s regulations are currently fairly open towards digital currencies and blockchain technology. An actual ban only exists for cryptocurrencies in payments, but exchange
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