PBI 23/6/PBI/2021 Has Been Officially Revoked: A New Era for Indonesia’s Payment System Industry under PBI 10/2025

Executive Summary

As of March 31, 2026, Bank Indonesia has officially revoked PBI No.23/6/PBI/2021 concerning Payment Service Providers (PJP) and replaced it with PBI No.10 of 2025 on the Regulation of the Payment System Industry (PISP). This regulatory transition marks a major shift in the legal architecture governing Indonesia’s payment ecosystem.

For industry players, the change is more than a formal replacement of one regulation with another. It signals a broader restructuring of the payment system sector as Indonesia moves toward the objectives of BSPI 2030, with stronger governance, industry structuring, and regulatory expectations.

What Changed

The revocation of PBI 23/6/PBI/2021 means that the earlier framework governing Payment Service Providers no longer stands as the main reference point. In its place, PBI 10/2025 establishes a new regulatory basis for the payment system industry, reflecting a more updated policy approach from Bank Indonesia.

This change suggests that compliance expectations for payment-industry participants will increasingly be interpreted through the lens of industry-wide structuring, governance maturity, operational resilience, and long-term policy direction under BSPI 2030.

Why This Matters

This transition is significant because it affects how regulated entities understand their place in the payment ecosystem and how they should prepare for ongoing supervisory expectations. Regulatory change at this level often has downstream effects on licensing, governance, risk management, reporting, operational controls, and technology oversight.

• First, regulatory reference points have shifted. Companies that previously relied on PBI 23/6/PBI/2021 as their core framework now need to realign their compliance interpretation to the new PBI 10/2025 structure.
• Second, this is part of a broader policy transformation. The change is linked to Indonesia’s longer-term payment-system development agenda, meaning institutions should not treat it as a narrow legal update.
• Third, governance readiness will matter. A new regulatory regime often requires institutions to reassess internal policies, control frameworks, and accountability structures to ensure continued alignment.

Bitlion View

From Bitlion’s perspective, the revocation of PBI 23/6/PBI/2021 and the rise of PBI 10/2025 should be read as a structural regulatory inflection point for the payment system industry. This is the kind of legal change that requires not only legal review, but also control mapping, governance review, and implementation planning across functions.

Institutions that respond early will be in a stronger position to adapt their compliance architecture, document regulatory impact, and prepare for supervisory expectations under the new regime.

What Companies Should Do Next

1. Review regulatory mappings to identify which internal obligations, policies, and controls still reference PBI 23/6/PBI/2021.
2. Assess the impact of PBI 10/2025 on governance, operations, reporting, and risk management requirements.
3. Update internal documentation so policies, procedures, and control libraries reflect the current legal basis.
4. Build a transition roadmap for implementation, training, and evidence collection under the new framework.
5. Align compliance with BSPI 2030 direction so the organization is prepared not only for current obligations but also for the broader regulatory trajectory.

Closing Note

The official revocation of PBI 23/6/PBI/2021 is a clear sign that Indonesia’s payment system industry is entering a new regulatory era under PBI 10/2025. For regulated entities, the key question is no longer whether the framework has changed, but how quickly and effectively they can realign their compliance and governance models to the new reality.

Primary source: Bank Indonesia regulatory development context.