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Highlight Aspects Obtaining Payment Gateway License in Indonesia

September 14, 2022

“Several aspects must be fulfilled to obtain a Payment Gateway License, including institutional, capital and finance, risk management, and information system capability.” Payment gateway is included in Payment Service Provider (“PJP”) as payment initiation and/or acquiring services. Payment gateway must get licensing from Bank Indonesia (“BI”). The provision of payment gateway, including the procedure on how to obtain payment gateway license, are stipulated Bank Indonesia Regulation Number 23/6/PBI/2021 (“PBI 23/2021”).

The Legal Aspects in the Electronic Signature

September 8, 2022

“An Electronic Signature must meet some requirements to have the same legal force as a Manual Signature.” Nowadays, almost everything can be done online through the internet, including transactions and correspondence. Therefore, an Electronic Signature (“E-Signature”) is needed to support and accommodate the online transactions and correspondence which need an online approval from the person to the documents and/or its authenticity. E-Signature is stipulated in Law No. 11 of 2008

Highlight the Limited LDD in Obtaining Payment Service Provider (PJP) License

September 1, 2022

Author: Vania Aqilla Cahyaningrum with Felicia Cindy Hanubrata “The Institutional aspect of a legal entity is a crucial prerequisite in obtaining PJP licensing from Bank Indonesia; thus, it necessitates a thorough examination for the correctness and completeness through Legal Due Diligence (LDD).” Payment Service Providers (“PJP”) is stipulated in Bank Indonesia Regulation Number 23/6/PBI/2021 (“PBI 23/2021”). PJP are Bank or Non-Bank Institutions that provide services to facilitate payment transactions to

Regulation on Information Technology Based Collective Financing Services

August 30, 2022

Author: Vania Aqilla Cahyaningrum with Adam Kausar “The Financial Service Authority (OJK) issued POJK No.10/POJK.05/2022 to respond to the developing area of Peer Peer Lending business in Indonesia. The main aspects that have been changed are the capital requirement, controller shareholder, licensing procedure, and minimum equity.” By 4 July 2022, the Financial Service Authority (“OJK”) issued OJK Regulation No. 10/POJK.05/2022 on Information Technology Based Collective Financing Services (“POJK 10/2022”). It

Understanding Limited Liability Company Acquisition Process in Indonesia

August 16, 2022

“An Acquisition is held to the passing of control of the Company by acquiring shares. The acquisition can be held through the Company’s Board of Directors or directly through the Shareholder.” In the event of business interest, Company usually has a strategy to expand their business or accelerate the growth of a Company. One of the ways is by carry out restructuring in the form of acquisition. 1. Definition of

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Highlight Aspects Obtaining Payment Gateway License in Indonesia

The Legal Aspects in the Electronic Signature

Highlight the Limited LDD in Obtaining Payment Service Provider (PJP) License

Regulation on Information Technology Based Collective Financing Services

Understanding Limited Liability Company Acquisition Process in Indonesia