Global Trade Alert
Global Trade Alert

Indonesia: Foreign ownership restriction in Switching services

Announcement

22 Jun 2017

On 22 June 2017, the Bank of Indonesia announced regulation 19/8/2017 regarding the National Payment Gateway.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Jun 2017

Revocation date:

No revocation date

Updated: 22 Jun 2017
Local operations requirement In force
<p>Furthermore, article 12(2)b of the Bank of Indonesia regulation 19/8/2017 states that these Switching&nbsp;institutions have to possess the required equipment in Indonesia and have previo...
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Updated: 22 Jun 2017
FDI: Entry and ownership rule In force
<p>The regulation of the National Payment Gateway now&nbsp;allows three types of institutions to process domestic electronic transactions: standardization institutions, switching institution...
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