Indonesia is due to launch the BI-Fast real-time payments scheme in 2022, as part of the government’s Indonesia Payment System Blueprint 2025 vision to improve digital payments availability and adoption.
It is a late entrant to real-time payments in the region, but neighboring and highly mature markets such as Malaysia, Thailand and Singapore offer a glimpse of the developments to come around digital overlays and value-added services.
Meanwhile, Pakistan’s efforts to lift financial inclusion and curb illicit financial transactions will be boosted in 2022 with the phased launch of the Raast real-time payments system.
