Bank Indonesia Regulation No. 10/2025 (PBI 10/2025) takes effect on March 31, 2026, representing the most significant overhaul of Indonesia's payment system regulatory architecture in years. The regulation introduces a new assessment framework, simplified PSP classifications, and enhanced supervisory requirements.
TIKMI Assessment Framework
The centrepiece of PBI 10/2025 is TIKMI - a new evaluation tool that assesses Payment System Service Providers (PSPs) across five dimensions:
Transaksi (Transaction volumes and patterns) Interkoneksi (Interconnection with other payment systems) Kompetensi (Competence and operational capability) Manajemen Risiko (Risk Management) Infrastruktur TI (IT Infrastructure)
TIKMI scores determine a PSP's classification, licensing requirements, and supervisory intensity. Primary PSPs - those whose disruption could materially affect the broader payment system - undergo assessments every six months. Non-Primary PSPs are evaluated annually.
Two-Tier PSP Classification
PBI 10/2025 simplifies the previous PSP categorisation into two tiers:
Primary PSPs: Systemically important providers facing more intensive supervision, higher compliance standards, and semi-annual TIKMI assessments Non-Primary PSPs: Standard providers with proportionally lighter requirements and annual assessments
Supporting Provider Categories
Third-party providers supporting payment operations are now classified into three tiers - critical, important, and standard - with registration requirements scaled accordingly.
Key Deadlines
March 31, 2026: PBI 10/2025 takes effect; existing licenses remain valid if consistent with the new framework April 30, 2026: PSPs must submit their first Payment Systems Business Plan (RBSP), the primary channel for presenting cooperation arrangements and developments requiring Bank Indonesia approval
What This Means
Any firm operating in Indonesia's payment ecosystem - whether as a direct PSP or a supporting technology provider - needs to assess its position under the new framework. The TIKMI model represents Bank Indonesia's shift toward risk-proportionate supervision, aligning with international trends toward tiered regulatory regimes for payment institutions.
Sources
- Baker McKenzie - accessed 2026-03-10
- Assegaf Hamzah & Partners - accessed 2026-03-10