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.