Indonesia: Bank Indonesia adopts regulation on National Standard for Open Application Programming Payment Interfaces
Description
Bank Indonesia adopts regulation on National Standard for Open Application Programming Payment Interfaces
Bank Indonesia, the central bank of Indonesia, has adopted Regulation No. 23/15/PADG/2021 on the National Standard for Open Application Programming Payment Interfaces (SNAP). The SNAP regulation applies to payment system providers who use Open Appli…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank