Bulletproof Infrastructure Deadline Looms by January 2026: 30-Minute Initial Fraud Reporting Window by BI-FAST Participants Now in Force

In 2023, Bank Indonesia (“BI”) introduced Regulation of the BI Board of Governors of No. 17 of 2023 on the Organization of the Bank Indonesia-Fast Payment (“BI-FAST”) System, which was subsequently amended by Regulation of the BI Board of Governors No. 1 of 2025 (collectively referred to as “Regulation 17/2023”). As its title suggests, Regulation 17/2023 addresses a wide array of aspects that relate to the provision of BI-FAST services, as well as the requirements that apply to parties that wish to organize said services. It should be noted that the various BI-FAST prerequisites and provisions set out under the framework of Regulation 17/2023 were summarized in the following edition of Indonesian Legal Brief (“ILB”): “New Framework for the Organization of BI-FAST Introduced: Scope of Services Broadened”.