Ini Rincian Aturan Baru BI Soal Penyelenggara Sistem Pembayaran

Summary

The transcript discusses the regulatory updates in Indonesia's payment systems, focusing on the reclassification of services and licensing requirements for payment system operators. Bank Indonesia's efforts to streamline the licensing process and make it more efficient are highlighted, with input from industry associations like ASPI. The importance of adapting regulations to the fast-paced digital era is emphasized, alongside the need for quicker approval processes for new products. Industry feedback aims to ensure customer-centric solutions that provide fast, easy, and secure payment experiences.

Takeaways

• 😀 The regulations for the Indonesian Payment System (PBI) and how it applies to service providers, particularly regarding the transition rules of the PBB number 2/3, are discussed.
• 😀 Indonesia is working on transitioning existing licensed payment system providers under new regulations, which include credit reclassification and activity adjustments for ABG P and PQPQP entities.
• 😀 After the new regulations take effect, Bank Indonesia will oversee the conversion of existing licenses to new PJP (Payment Service Provider) licenses.
• 😀 The transition involves consulting with each of the licensed service providers and ensuring that the licensing requirements and classifications align with the new regulations.
• 😀 The reclassification and licensing conversion will be based on assessments by Bank Indonesia, not by voluntary applications from licensed entities.
• 😀 There are specific requirements linked to the reclassification process, which will affect capital requirements, information systems, and other operational aspects of payment system providers.
• 😀 The process of reclassification and licensing adjustments is aimed at ensuring better alignment with the fast-paced digital economy.
• 😀 ASPKI (Indonesian Payment System Association) welcomes the initiative from Bank Indonesia, recognizing it as suitable for the current digital era.
• 😀 ASPKI stresses that the regulations must be flexible and able to accommodate rapid changes in the digital payment landscape.
• 😀 There is a hope that the new regulations will speed up the approval process for launching new products or activities, ensuring they don’t become outdated by the time they are launched.
• 😀 Ultimately, the industry aims to make payment systems more efficient, reducing costs, and enhancing user experience with faster, cheaper, secure, and reliable transactions.

Q & A

What is the primary topic discussed in the script?

The script primarily discusses the reclassification of payment system licenses and regulations in Indonesia, specifically related to the transition of payment system providers' licenses and their conversion processes.

What is the role of Bank Indonesia in this process?

Bank Indonesia is responsible for assessing and overseeing the reclassification and conversion of licenses for payment service providers, ensuring compliance with regulatory requirements and facilitating a smooth transition.

What is the significance of the transition from PBB Number 2 2/3 to the new regulations?

The transition represents a shift in regulatory framework for payment system providers in Indonesia, aiming to better align with the digital era and streamline licensing processes for new services and activities in the payment sector.

What is the expected impact of the reclassification process on payment service providers?

Payment service providers will face requirements related to capital, information systems, and other operational aspects as part of the reclassification. These requirements are aimed at ensuring that they meet the standards set by Bank Indonesia.

How does the reclassification process affect the licensing of payment system providers?

The licensing will be reassessed and potentially converted from the current format (IJPE) into a new type of licensing (PJP). This change is based on an assessment by Bank Indonesia, rather than being driven by an application from the providers themselves.

What does Bank Indonesia mean by 'forward-looking' regulations?

Bank Indonesia intends for the new regulations to be adaptable to the rapidly evolving digital payment landscape, ensuring that they remain relevant and efficient in supporting future innovations in the payment system.

What are the main concerns of the Indonesian Payment System Association (ASPI) regarding these new regulations?

ASPI welcomes the initiative but emphasizes the need for regulations to be accommodative to the fast-paced digital changes and to streamline the licensing process to prevent delays that could make new products obsolete by the time they are approved.

What is the industry's hope for the new regulatory framework?

The industry hopes the regulations will be efficient, reducing delays in product launches and innovations, while also ensuring that the regulatory environment is conducive to digital payment systems that are quick, cost-effective, and secure for users.

How does the transition to new regulations benefit consumers?

The new regulations aim to enhance customer experience by ensuring that payment systems are faster, cheaper, more secure, and reliable, ultimately benefiting consumers who rely on digital payment methods.

How will the reclassification affect the capital and operational aspects of payment providers?

Payment service providers will need to comply with new capital requirements and adapt their operational systems, including information technology infrastructure, to meet the regulatory standards set by Bank Indonesia.