Consolidation of an integrated payment industry will create Indonesian unicorns that are healthy, competitive, and innovative, both nationally and internationally. Moreover, the arrangement and consolidation of the payment system industry is also very important going forward for Bank Indonesia to determine which PJPs meet the requirements to become a “wholesaler” in the circulation of Digital Rupiah.
Addressing NPLs in a sustainable way that provides strong protections for borrowers remains a priority. This is essential in ensuring the resilience of the banking system and borrowers alike, since elevated levels of NPLs compromise the capacity of both lenders and debtors to weather future downturns.