The first batch of 22 BI-FAST participants is set for December 2021 and a second batch of 22 participants in January 2022.
BI-FAST implementation is also consistent with Bank Indonesia’s monetary, macroprudential and payment system policy direction moving forward, while modernizing national payment infrastructure according to international standards and in accordance with the principles issed by the Committee on Payments and Market Infrastructures (CPMI), and simultaneously supporting the creation of an integrated, interoperable, and interconnected digital ecosystem (3 “i”).