In brief The draft of the Indonesian Personal Data Protection Law (“PDP Law”) was approved to become law by the Indonesian Parliament (Dewan Perwakilan Rakyat Republik Indonesia) on 20 September 2022. With this approval, we are nearing the end of the process of an ambitious piece of legislation, which took several years to get approval. For several years, Indonesia has only relied on various diverse regulations that contain privacy provisions without one comprehensive umbrella law on…
Bank Indonesia just launched a FinTech Office on 14 November 2016. The office is expected to boost the growth of the Indonesian FinTech industry, optimize technology developments in the sector, improve the industry’s competitiveness and provide feedback from business players.Bank Indonesia also issued the FinTech Regulation, i.e., Bank Indonesia Regulation No. 18/40/PBI/2016 on Implementation of Payment Transactions Processing (“Regulation No. 18”). Regulation No. 18 introduces new FinTech services to Indonesia’s payment-system industry, which previously consisted…