BI Develops Online Enrollment for Fintech-PJSP

By : Herry Barus And Aldo Bella Putra | Friday, March 30 2018 - 15:30 IWST

BI Fintech (ist)
BI Fintech (ist)

INDUSTRY.co.id - Jakarta - Bank Indonesia launches applications on the web for licensing and registration of Payment System Service Providers (PJSP), Money Supply Service (KLU) organizers and registration of financial technology providers (fintech / tekfin) and regulatory testing process.

The application is called e-licensing on the site www.bi.go.id.

"With e-licensing, the phases of receipt of documents and stages of document completeness can be done online, which is expected to facilitate the applicant," said BI's official statement quoted Thursday (29/3/2018) in Jakarta.

BI said the applicant can also monitor the status of the petition in every stage in order for the process to be transparent.

The way of submitting PJSP and KLU licensing through e-licensing is done by several steps, namely, registration of email and filling of applicant profile, until the approval of the completeness of the forms and documents and approval of registration by BI.

After the document is declared complete in the online process, the applicant must submit the document that has been uploaded, whether it is an original document, a copy of the legalized document, and or a copy of the document with the applicable provisions for each of the products submitted by the applicant.

"The submission of documents can be done through the nearest BI office," BI writes. As the current process, BI will conduct an analysis of the correctness and suitability of the documents against the requirements and field checks, before establishing permits.

While the way of submitting the licensing of the organizer of Fintech or Tekfin is, the applicant register by completing the registration documents as well as the statement of completeness and correctness of documents online (online).

"Furthermore, BI will conduct research on the completeness, correctness, and conformity of documents against the provisions If the application is approved, BI will publish the Financial Technology Provider on the BI web," he said.

Currently, there are eight organizers of Fintech / Tekfin category of payment systems and market support registered in BI. In the near future, the central bank will announce the "Fintech" / Tekfin Organizer set to follow the "regulatory sandbox" or regulatory test.

"Going forward, BI is also developing e-licensing for all other licenses, such as approval of the development of APMK instruments [Payment Instruments Using Cards] and approval of money market instruments," wrote BI's official statement. (Ant)

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.