Information about the organisation, transformation and history of Bank Indonesia as the central bank of the Republic of Indonesia.
Information about the main functions and responsibilities of Bank Indonesia to achieve and maintain rupiah stability.
Information about the rupiah as the currency of the Republic of Indonesia managed by Bank Indonesia pursuant to prevailing laws and regulations.
Bank Indonesia’s publications include regulations, reports and papers, as well as the calendar of activities
Statistics include historical indicators for all sectors under the jurisdiction of Bank Indonesia.
Bank Indonesia offers various services, including requests for information, complaints, licensing and so on.
Bank Indonesia maintains public information in accordance with the Public Information Disclosure Act of 2008.
What Is The Payment System?
The payment system is a system encompassing regulations, institutions and the mechanisms used to transfer funds in order to settle the obligations that arise from economic activity. The payment system was conceived at the same time as the concept of money as a medium of exchange or intermediary in the transactions of goods, services and finance. In principle, the payment system has three processing stages, namely authorisation, clearing and settlement.
Evolution of The Payment System
Source: Various sources, processed
Cash Payment System
In general, the payment system is divided into the cash and noncash payment systems based on the instruments used. The cash payment system uses currency (banknotes and coins) as a payment tool.
Noncash Payment System
Therefore, Bank Indonesia would like to remind everyone that selling, buying or trading virtual currencies are forbidden in accordance with Bank Indonesia Regulation (PBI) No.
PBI 18/40/PBI/2016 concerning Payment Transaction Processing and Bank Indonesia Regulation
PBI 19/12/PBI/2017 concerning Financial Technology.
Payment System Development
Payment System Policy Development
The orientation of payment system policy and development began to shift around 10 years ago, from payment system infrastructure development operated directly by Bank Indonesia towards a payment system industry regulatory and institutional regime, particularly in terms of the retail payment system which has been severely impacted by the flow of digitalisation.
Regulatory and Institutional Milestones*Six bank participants located in Batavia, namely Nederlandsche Handel Mij Factorij, De Hong Kong and Shanghai Banking Corp., De Chartered Bank of India, Australia and China, De Nederlandsche Indische Escompto Mij, De Nederlandsche Indische Handelsbank and De Javasche bank**Participants: Eight Clearing Participants (BRI, BDN, BII, BCA, Bank Bali, Deutsche Bank, Standard Chartered Bank and Citibank) and two internal participants from Bank Indonesia (Thamrin Accounting and Kota Accounting).
Indonesia Payment System Blueprint for 2025: Navigating the National Payment System in the Digital Era
Manifestation of the five visions for the payment system will be realised through five initiatives to be implemented directly by Bank Indonesia as well as through collaboration and coordination with other relevant authorities and industries. The first initiative is open banking and interlinkages between the banking industry and FinTech, as realised through open API standardisation, which facilitates secure financial information disclosure between banks, FinTech and third parties.
The second initiative is retail payment development oriented towards real-time 24/7 operation, with greater security and efficiency, achieved through fast payments, National Payment Gateway (NPG) optimisation and unified payment interface development.
High Value Payment System
Retail Payment System
Rupiah Currency Management
Anti-Money Laundering and Counter-Terrorism Financing