BI-FAST: Real Rime and 24/7 Retail Payment Infrastructure  I m p l e m e n t a ti o n  Payment System Infrastructures that facilitate retail payment using various real time and 24/7 instruments and canals  Operational Hours Banks and Customers  Credit transfer Implementation  Various Payment Instrument  2020  2021  Bulk, debit transfer Implementation  2022  2023  Fraud detection, AML/CFT Digital ID usage  Conceptual design Development  Phase 2  Development  Source: Bank Indonesia  international standard money market infrastructure is the focus of Bank Indonesia’s reform policy in 2021.
The development of money markets is carried out end-to-end, from trading platforms, clearing and settlement, to the trade repository (Scheme 20a).