The Government of Indonesia has enacted Government Regulation No. 28 of 2025 (PP 28/2025), effective June 5, 2025. This regulation replaces the previous Government Regulation No. 5 of 2021 (PP 5/2021), simplifying licensing procedures by introducing risk classification, Service Level Agreements (SLAs), and the automated “fictitious‑positive” approval system. It integrates licensing steps into the Online Single Submission – […]
“According to Bank Indonesia Regulation on Payment System Provider and Payment System Infrastructure Provider, the licensed applicant required legal due diligence from an independent law consultant.” Starting from 1 July 2021, Bank Indonesia, through Bank Indonesia Regulation No. 22/23/PBI/2020 on Payment System (“PBI 22/2020”), has reformed the payment system provisions digitalization and innovation of payment […]
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