Bank Indonesia will also strengthen coordination and support in the development and improvement of MSME, and the sharia economy and finance, both nationally and in various regions. Macroprudential Policy Direction Bank Indonesia will hold its accommodative macroprudential policy stance in 2023 to increase bank lending to support the national economic recovery, while maintaining financial system stability.
About a decade ago, retail payments in the country was dominated by physical cash or checks. To encourage e-payments adoption, the BSP, together with PPMI, embarked on strategic initiatives in building a safe, efficient, reliable, and inclusive payment system. These joint projects were pursued as part of the National Retail Payment System Framework under which PESONet was established.