QRIS Registered Merchants Merchants’ Criteria  22 March 2020  13 November 2020  Growth (%)  Large Enterprises  129,834  284,309  119%  Medium Enterprises  265,077  489,770  85%  Small Enterprises  304,420  1,069,490  251%  Micro Enterprises  2,378,026  3,426,123  44%  Donation/ Social  3,996  12,763  219%  3,081,353  5,282,455  71%  TOTAL Source: Bank Indonesia  BANK INDONESIA’S ANNUAL MEETING 2020  accelerated so that it supports national economic and financial inclusion, including the availability of MSME data, which has been one of the obstacles in its development.
At the Central Bank of Kenya (CBK), our regulatory philosophy has evolved to maximizing the opportunities presented by technology and innovation while minimizing the risks. This requires an agile approach on our part which is the focus of our deliberations today. This leads me to the question of what does agile regulation mean? Allow me to highlight three broad directions to set the stage.