Selasa, April 29, 2014 | Issue Number : 2388

Bank Indonesia?s New Provisions on Electronic Money and Branchless Banking

Bank Indonesia (“BI”) has issued Regulation No. 16/8/PBI/2014 (“Amendment”) to amend BI Regulation No. 11/12/PBI/2009 on Electronic Money (“2009 Regulation”).

In essence, the Amendment aims to broaden the use of electronic money (“E-Money”) in the retail sector and realize the concept of branchless banking for people who rely heavily on cash or do not have access to banking services. To achieve these objectives, the Amendment changes several provisions to the 2009 Regulation covering:

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*Syarat dan ketentuan berlaku

Bank Indonesia (“BI”) has issued Regulation No. 16/8/PBI/2014 (“Amendment”) to amend BI Regulation No. 11/12/PBI/2009 on Electronic Money (“2009 Regulation”).

......

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