Indonesia Payment Systems Blueprint 2025

Navigating the National Payment Systems in Digital Era

IPI
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Indonesia Payment System Blueprint 2025 – Policy Context
Indonesia Payment System Blueprint 2025 comes as a solution to response the digital challenges

1 Digitalization of the economy and finance is

increasing rapidly

RESPONSE
Policy Challenges

SINERGY

2 Digital technology changes human behavior, both as

consumers and workers

TRANSFORMATION

INNOVATION
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Indonesia Payment Systems (IPS) Vision 2025
IPS 2025 reinforces the integration of national digital economy and finance in assuring the proper
functioning of central bank mandate in money circulation, monetary policy, and financial system stability
as well as financial inclusion

IPS 2025 fosters digital transformation within the banking industry to sustain banks role as a primer
institution in the digital economy and finance through the implementation of open-banking standard as
well the deployment of digital technology and data on their financial product and services

IPS 2025 assures interlink between fintech and banks to contain the escalation of shadow banking risk
through the regulation of the use of digital technology (e.g. API), business relation, and business
ownership

IPS 2025 strikes the balance among innovation, consumers protection, integrity, and stability as well as
fair competition through the implementation of digital KYC & AML-CFT, data/information/public business
openness, and the deployment of Reg-tech & Sup-tech for reporting, regulatory and supervisory

IPS 2025 safeguards national interest on cross-border use of digital economy and finance through the
obligation of domestic processing for all onshore transactions and domestic partnership for all foreign
players under the consideration of reciprocity principle
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Configuration of Indonesia Digital Economy and Finance 2025
IPS 2025 reinforces the integration of national digital economy and finance in assuring the proper functioning of central bank
mandate in money circulation, monetary policy, and financial system stability as well as financial inclusion

*Integrated Payment Interface

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IPS Blueprint 2025 involves engagement and
collaboration throughout stakeholders…

INDUSTRIAL
APPROACH

REGULATORY
APPROACH

COLLABORATIVE
APPROACH
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Open API Framework in Indonesia

 The Open Banking Initiative

acts as strategic solution to
drive digital transformation.
Banks are endured to take
end-to-end digital
transformation.
 The Open Banking initiative
will commence through
standardizing Open API
which comprises data,
technical, security, &
governance standardizations

Policy Context
Fosters national digital economy and
finance by interlink between fintech and
banks to increase efficiency of payment
system and to encourage financial
inclusión, MSMe
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Retail Payment System Configuration
• Modernization of Retail Payment System Infrastructure aims at developing fast, efficient and secure infrastructures by utilizing the latest innovations.
• The end state will be the presence of real-time, infrastructures that operate 24/7 efficiently inexpensive, safe, and able to serve various payment
transactions between customers by utilizing Payment ID.
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Payment Systems Regulatory, Licensing and Supervisory Framework
• The new regulatory structure aims at integrated entry policy, supervision, and reporting mechanism of PSPs in accordance with
best practices and sound business practices principle.
• Regulation in payment systems will be directed toward a more structured, proportional, forward-looking, and agile process.
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Roadmap and Timetable IPS Blueprint 2025
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The Implementation of IPS Blueprint 2025 requires strong commitment and collaboration from the banking industry

1 Conduct digital end-to-end transformation to maintain

and improve competitiveness.

2 Fosters the implementation of standard API through

harmonization process with all banking industry and PJSP

3
Make a cooperation and productive collaboration
between bank and a reciprocal fintech, including exchange of
customer-based payment transaction data.

4 Conducts investment planning in the future acoording to

infrastructure development in Bank Indonesia
Thank you