Client Alert

Payments and Lending: Trends to convergence in FinTech

17 Jul 2018

Originally, there were no foreign ownership limits for a non-bank company to act as an e-Wallet provider, e-Money issuer or fund transfer operator, leading to an influx in applications from foreign owned providers in Indonesia.

On 7 May 2018, Bank Indonesia (“BI”) published a new Regulation on Electronic Money (Regulation No. 20/6/PBI/2018), limiting foreign investments in the payment sector to 49% direct or indirect ownership of the licensed entity.

This client alert was first published in April and has been updated to reflect the impact of such new regulations on electronic money in Indonesia.

Find out more in our client alert.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.