Overview

As Indonesia moves further into the digital era, the general patterns of consumer and corporate transactions, particularly within the economic sector, are rapidly shifting from more traditional and conventional means to online environments in which the use of the internet, digital currencies and online platforms for the most basic sale-and-purchase transactions are becoming ubiquitous.

In response to these rapid developments, Bank Indonesia (“BI”) published the Indonesian Payment System Blueprint 2025 (“2025 Blueprint”) back in November 2019, which focused on developing a healthy environment for the future growth of Indonesia’s digital economy and finance sector.[1]