Payment Card Organizing

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.

The 2012 Regulation amends 15 articles, introduces 9 new articles, and deletes 15 articles. Previously, Bank Indonesia Regulation No. 11/11/PBI/2009 on Card-Based Payment Instrument Activities (“2009 Regulation”) consisted of 11 chapters and 60 articles.

The amended articles are Articles 1, 12, 13, 15, 16, 17, 18, 21, 25, 30, 32, 33, 37, 38, and 54. The new articles are Articles 15A, 16A, 16B, 17A, 17B, 29A, 36A, 58A, and 58B. The deleted articles are Articles 39 through 53.