Indonesia is still in the planning stages of launching an IP system, with no set date for deployment. However, it has all the hallmarks of a country that could see huge IP adoption.

In terms of what we do already know, Bank Indonesia (BI) is planning to roll out an IP system known as BI-FAST, as part of Indonesia’s 2025 Payment System Vision. BI-FAST will act as an infrastructure for faster interbank transfers as well as card-based payments. It will adopt RTGS mechanisms and operate 24/7/365.


  • Consumers
  • Banks
  • Merchants
  • Billers

Population banking level


Number of debit, credit and charge cards per adult


Index to global average




% of adults who have a mobile wallet and have used it in the past year

Share of volumes by payments instrument



Spend (USD)

  • Paper-based payments
  • Electronic payments
  • Immediate payments


Indonesia presents a high potential market for IP adoption. Paper-based payments are by far the most popular payment method (in terms of both transactions and spend), and payment card ownership is among the lowest in the world, with a 42 index to the global average.

Additionally, mobile wallet adoption has been extremely strong, nearly tripling in size since 2016 with almost two-thirds of adults having used a mobile wallet in the past year.

Given this — and assuming acceptance is widespread across the ecosystem — adoption should be strong among Indonesian consumers.

ACI’s take

The Indonesian government has already expressed its ambition for the future of payments. Its “2025 vision” aims to reinforce the integration of national digital economy and finance, facilitate faster digital transformation within banking, and ensure interlinks between fintechs and banks. It also wants to fortify the balance among innovation, consumer protection, integrity, stability and competition, while simultaneously safeguarding its national interests as its cross-border economy grows.

The planned IP scheme could play a significant part in enabling all of this, as other regions around the world have shown. Decision makers in Indonesia’s IP planning process can take plenty of inspiration from other nations that are leveraging centrally-driven digital transformation initiatives.


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