South Korea
Taiwan
Vietnam
Cambodia
IndiaNikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to Bank Indonesia's licence, including banking and payment rails.
Get a payment license in Indonesia.
A payment license in Indonesia is a Bank Indonesia PJP licence for payment service providers. Since 31 March 2026 PBI No. 10 of 2025 grants it together with an activity package - Paket 1A, 1B, 2 or 3 (PBI 23/6/PBI/2021 used three categories) - with paid-up capital from IDR 500 million to IDR 15 billion by package, at least 15% of the shares held by Indonesian citizens or entities and 51% for control.
30 yrs
of experienceof experience
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated · Reviewed by the Prifinance team
Indonesia in brief
The Bank Indonesia PJP license: activity packages since 31 March 2026.
Bank Indonesia regulates payment service providers - Penyedia Jasa Pembayaran - and since 31 March 2026 it does so under PBI No. 10 of 2025, with PADG No. 32 of 2025 as the implementing rule. The licence is now granted together with an activity package; PBI 23/6/PBI/2021 used three licence categories. Package 1 combines the administration of sources of funds - payment accounts and the issuance of, or access to, sources of funds - with the forwarding of payment data and orders, which can include facilitating the receipt of payment proceeds for merchants through sub-accounts, and the forwarding of fund transfer orders; it splits into 1A, reserved for providers Bank Indonesia classifies as main payment service providers, and 1B. Package 2 covers the forwarding of payment data and orders together with fund transfer orders, and Package 3 non-digital transfer orders only. Article 44 sets paid-up capital from IDR 500 million to IDR 15 billion by package, and IDR 100 billion for a payment system infrastructure operator. An applicant other than a commercial bank must be a perseroan terbatas for Package 1 and part of Package 2, and at least 15% of a non-bank provider's shares must be held by Indonesian citizens or Indonesian legal entities, with at least 51% for control.
Licences granted before 31 March 2026 remain valid: Bank Indonesia evaluates each holder's activities and classification and sends the results in writing within a year, and requirements not yet met must be met within three years, which Bank Indonesia may extend by up to two. A party may hold either a PJP licence or a payment system infrastructure designation, not both, and the licence cannot be transferred; Bank Indonesia's summary of the regulation adds that no party may hold 25% or more of the voting shares - or a smaller stake that gives it control - in more than one non-bank PJP licensed for the same activities, or in both a non-bank PJP and a non-bank PIP. The procedure runs from an administrative review through a substantive review and an on-site visit to approval or rejection, against institutional, financial and business requirements that include a strategic business plan. Electronic money balances are capped by Article 19 of PADG 32/2025, which replaced PADG 24/7/2022: IDR 2 million for an unregistered instrument and IDR 20 million for a registered one. QRIS is the national QR standard and BI-FAST the instant rail, most recently amended by PADG No. 3 of 2026. Corporate tax is 22%, dividends to non-residents carry 20%, and VAT is 12% by statute but 11% in effect on non-luxury supplies.
PBI No. 10 of 2025 licenses payment service providers by activity package since 31 March 2026. Article 44 sets paid-up capital from IDR 500 million to IDR 15 billion by package; Package 1 and part of Package 2 require a perseroan terbatas (Article 38).
At least 15% of shares Indonesian and 51% for control (Article 44). Administrative and substantive review, then an on-site visit. Wallet caps IDR 2 million and IDR 20 million (PADG 32/2025). Earlier licences stay valid during the transition.
The routes
Package 1 or the lighter packages: the PBI 10/2025 routes.
One licence, granted with an activity package: what you will actually run decides the package, and the package decides the capital and the company form. We settle the activities first, then file for the package that fits.
One licence, granted with an activity package: 1A, 1B, 2 or 3.
01 - PACKAGE 1 (1A AND 1B)
Paket aktivitas 1 - the full set
The administration of sources of funds, the forwarding of payment data and orders - with merchant settlement through sub-accounts - and the forwarding of fund transfer orders in one licence. Package 1A is reserved for providers Bank Indonesia classifies as main payment service providers; others take 1B. An applicant other than a commercial bank must be a perseroan terbatas.
The administration of sources of funds, the forwarding of payment data and orders - with merchant settlement through sub-accounts - and the forwarding of fund transfer orders in one licence. Package 1A is reserved for providers Bank Indonesia classifies as main payment service providers; others take 1B. An applicant other than a commercial bank must be a perseroan terbatas.
- ✓Paid-up capital within IDR 500 million to 15 billion, by package (Article 44)
- ✓Administration of sources of funds
- ✓Forwarding of payment data and orders
- ✓Forwarding of fund transfer orders
- ✓Perseroan terbatas required (Article 38)
- ✓15% Indonesian shares · 51% for control
02 - PACKAGES 2 AND 3
Forwarding and transfersPaket aktivitas 2 and 3
Package 2 covers the forwarding of payment data and orders - which can include facilitating the receipt of payment proceeds - together with fund transfer orders. Package 3 is non-digital fund-transfer orders only, and commercial banks and rural banks need no licence for it. Both sit within the same IDR 500 million to 15 billion capital range, set by package.
Package 2 - forwarding and transfers; Package 3 - non-digital transfers only; capital within IDR 500m-15bn by package.
- ✓Package 2 - forwarding of payment data and orders, with transfers
- ✓Package 3 - non-digital fund-transfer orders only
- ✓PT, or another Indonesian entity for Package 3 and part of Package 2
- ✓Earlier category licences remain valid during the transition
- ✓Infrastructure operator (PIP) designation - IDR 100 billion
- ✓One status per party: PJP licence or PIP designation
Costs and timelines are confirmed for your case before any work begins. The central bank publishes no licensing fee, so state charges, the shareholder structure and substance are itemised in your quote.
Why Indonesia
The region's largest population of wallet users, on rules that print their own numbers.
Indonesia writes its payment rules as central bank regulations, which makes them short, numbered and quotable - and the 2026 rulebook is already in force.
✓
Capital by package
Paid-up capital from IDR 500 million to IDR 15 billion according to the activity package under Article 44 of PBI 10/2025, and IDR 100 billion for an infrastructure operator.IDR 500m-15bn.
✓
A defined procedure
Administrative review, substantive review and an on-site visit, then approval or rejection under Article 41 of PBI 10/2025 - plan on six to nine months end to end.Two reviews + on-site visit.
✓
Wallet caps written down
IDR 2 million on an unregistered electronic money instrument and IDR 20 million on a registered one, now under Article 19 of PADG 32/2025.IDR 2 million and IDR 20 million.
✓
QRIS and BI-FAST
The national QR standard and the central bank's instant rail, both with their own participant registers. Product design starts from which one carries the volume.National QR and instant rail.
✓
The new rulebook is in force
PBI No. 10 of 2025 has applied since 31 March 2026: activity packages 1A, 1B, 2 and 3, and licences from the old categories kept valid while their holders move to the new requirements.PBI No. 10 of 2025 since March 2026.
✓
The ownership test, stated plainly
At least 15% of the shares held by Indonesian citizens or Indonesian legal entities, and at least 51% for control. Know it before you budget the partner, not after.15% Indonesian, 51% for control.
How it compares
How Indonesia differs from the other Southeast Asian routes.
Indonesia has the lowest entry capital in this group and the only domestic-control rule. The honest comparison is below.
Indonesia vs other jurisdictions
| Feature |  Indonesia | Other jurisdictions |
|---|---|---|
| Capital | IDR 500m-15bn by package | THB 100M in Thailand, PHP 100-200M in the Philippines |
| Ownership | 15% Indonesian shares · 51% for control | No ownership cap found in Thailand |
| Decision process | Two reviews + on-site visit | 60 business days in Thailand |
| Wallet caps | IDR 2M unregistered · IDR 20M registered | None printed in Thailand |
Capital
IndonesiaIDR 500m-15bn by package
Other jurisdictionsTHB 100M in Thailand, PHP 100-200M in the Philippines
Ownership
Indonesia15% Indonesian shares · 51% for control
Other jurisdictionsNo ownership cap found in Thailand
Decision process
IndonesiaTwo reviews + on-site visit
Other jurisdictions60 business days in Thailand
Wallet caps
IndonesiaIDR 2M unregistered · IDR 20M registered
Other jurisdictionsNone printed in Thailand
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Indonesia | PJP licence (Bank Indonesia) | 22% · VAT 11% effective | IDR 500m-15bn by package · 51% for control |
 Thailand | Licence / registration (BOT · MOF) | 20% · 15% small | THB 100M e-money · 60 business days |
 Philippines | EMI (BSP) | 25% · 20% small | PHP 100-200M, trust at least 50% |
 Malaysia | E-money (BNM) | 24% CIT | Trust account, 2025 PD |
IndonesiaLicense typePJP licence (Bank Indonesia)
Taxation22% · VAT 11% effective
RequirementsIDR 500m-15bn by package · 51% for control
ThailandLicense typeLicence / registration (BOT · MOF)
Taxation20% · 15% small
RequirementsTHB 100M e-money · 60 business days
PhilippinesLicense typeEMI (BSP)
Taxation25% · 20% small
RequirementsPHP 100-200M, trust at least 50%
MalaysiaLicense typeE-money (BNM)
Taxation24% CIT
RequirementsTrust account, 2025 PD
Asia, the Middle East and Oceania
Payment and EMI licences in neighbouring jurisdictions
EMI and payment licenses in all 109 jurisdictions →
Before you apply
Requirements for a payment license in Indonesia: the Bank Indonesia PJP file.PJP payment license requirements in Indonesia.
PBI No. 10 of 2025 sets the packages, the capital and the ownership tests; PADG No. 32 of 2025 sets the detailed rules and the e-money limits. The checklist below is what a passing file contains.
01
A perseroan terbatas for an applicant other than a commercial bank (rural banks included) for Package 1 or part of Package 2, under Article 38 of PBI No. 10 of 2025; Package 3 also accepts another Indonesian incorporated entity.
02
Paid-up capital for the package applied for, within the IDR 500 million to IDR 15 billion range of Article 44, or IDR 100 billion for an infrastructure operator.
03
At least 15% of the shares held by Indonesian citizens or Indonesian legal entities under Article 44, kept for as long as the licence is held.
04
At least 51% of the shares in Indonesian hands for control under Article 44, and no party holding 25% or more of the voting shares, or a smaller stake that gives it control, in more than one non-bank PJP with the same activities.
05
A pre-consultative meeting with the central bank before the file goes in, which is where the activity list and the package are settled.
06
Documentation for the institutional, financial and business requirements of Article 44 - including the strategic business plan and the payment-system business plan - and for the other requirement groups listed in Article 43.
07
A file complete enough to pass the administrative review, since the substantive review under Article 41 only starts after it.
08
Readiness for the on-site visit that closes the assessment, with the systems and the premises in the state the file describes.
09
Electronic money products built to the caps of Article 19 of PADG 32/2025: IDR 2 million unregistered and IDR 20 million registered.
10
For existing licensees: Bank Indonesia's written evaluation of activities and classification within a year, and three years, extendable by up to two, to meet the remaining PBI 10/2025 requirements; the ownership tests apply to them only if their foreign ownership changes.
01
Perseroan terbatas for Package 1 (Art. 38).
02
Capital IDR 500m-15bn by package (Art. 44).
03
15% Indonesian shareholding (Art. 44).
04
51% for control (Art. 44).
05
Pre-consultative meeting before filing.
06
Institutional, capital, risk, IT documentation.
07
File complete for the administrative review.
08
Ready for the on-site visit.
09
Wallet caps IDR 2M and IDR 20M (PADG 32/2025).
10
Existing licences: BI evaluation, 3 + 2 years.
Reflects PBI No. 10 of 2025 (in force 31 March 2026), PADG No. 32 of 2025 and, for licences granted before that date, PBI No. 23/6/PBI/2021, as of October 2026.PBI No. 10 of 2025; PADG No. 32 of 2025; PBI No. 23/6/PBI/2021 for earlier licences.
Verify it yourself
Official sources
Regulator pages, legal texts and public registers the figures on this page are based on.
- LawBank Indonesia Regulation No. 10 of 2025 (PBI 10/2025)bi.go.id
- LawBank Indonesia PADG No. 32 of 2025 on payment system industry regulationbi.go.id
- LawBank Indonesia Regulation No. 23/6/PBI/2021 - for licences granted before 31 March 2026bi.go.id
- RegisterBank Indonesia - List of licensed payment system providersbi.go.id
How it works
From first call to the BI licence.
01
Activities and package
Which activities you will run, therefore Package 1A, 1B, 2 or 3 and the capital that goes with it - fixed in writing.Package 1A, 1B, 2 or 3.
02
Company and shareholders
Perseroan terbatas formed, capital paid up, and the 15% Indonesian and 51% control tests met in the share register.PT formed; 15% and 51% met.
03
Pre-consultative meeting and file
The meeting with the central bank, then the institutional, capital, risk-management and information-system documentation filed.Pre-consultative meeting, then filing.
04
BI review
Administrative review, substantive review, then the on-site visit and Bank Indonesia's decision - plan on six to nine months end to end.Two reviews; on-site visit.
05
Licence and launch
Entry on the register of licensed institutions, QRIS and BI-FAST participation arranged, and reporting under PBI 10/2025 running.Register entry; QRIS and BI-FAST.
Quick facts
RegulatorBank Indonesia
LawPBI No. 10 of 2025 · PADG No. 32 of 2025
Packages1A · 1B · 2 · 3
CapitalIDR 500m-15bn by package
Ownership15% Indonesian · 51% for control
ProcessTwo reviews + on-site visit
Timeline6-9 months realistic
Corporate tax22% · VAT 11% effective
Both reviews start only once the file is declared complete, and the pre-consultative meeting is where that is decided.
Your Indonesia desk
Run from our Asia-Pacific desk.
Prifinance - Asia-Pacific desk
Dubai · coordinating Indonesian mandates
33 Level, Al Saqr Business Tower, Dubai
01
Indonesian company formation
A perseroan terbatas with paid-up capital at the package figure and a shareholder register that meets the 15% and 51% tests from day one.PT, capital, share register.
02
The BI file
Institutional, capital, risk-management and information-system documentation, taken through the pre-consultative meeting before it is filed.Four requirement groups answered.
03
Products and caps
Wallet design against the IDR 2 million and IDR 20 million limits, with QRIS and BI-FAST participation planned alongside the licence.Wallets, QRIS, BI-FAST.
04
Substance in Indonesia
Directors, a compliance function and premises in Jakarta, with the on-site visit prepared for rather than improvised.Directors, compliance, Jakarta premises.
We also have offices in
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
London
United Kingdom
7 Bell Yard
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
Taxation of payment companies in Indonesia.
Corporate income tax at 22%, turnover reliefs for smaller companies, VAT that is 12% by statute and 11% in effect on non-luxury supplies, and 20% withholding on dividends to non-residents.
Corporate tax 22%
The standard rate under Article 17(1)(b) of the harmonised tax law, and the rate a licensed payment service provider will pay on its profit.Standard rate on profit.
Listed company 19%
A domestic listed company with at least 40% of its shares traded on an Indonesian exchange pays 19% under Article 17(2)(b).With a 40% free float.
Turnover reliefs
Article 31E halves the rate on the qualifying part of gross turnover between IDR 4.8 billion and IDR 50 billion, giving 11%; turnover up to IDR 4.8 billion carries a 0.5% final tax on monthly revenue.0.5% final up to IDR 4.8bn.
VAT 12% statutory, 11% effective
Since 1 January 2025 the statutory rate is 12%, but a ministerial regulation applies an 11/12 base to non-luxury goods and services, so the effective rate is 11%. Luxury-taxed goods pay 12%.Effective 11% on non-luxury.
Dividends 20%
Article 26 withholding on dividends, interest and royalties paid to non-residents, or the treaty rate where one applies.Or the treaty rate.
Payroll
Salaries and contributions on Jakarta hires - the operating budget prices them in with the compliance function.Salaries + contributions.
Tax summary
Corporate tax22%
Listed company19% with a 40% free float
Small turnover0.5% final up to IDR 4.8bn
VAT12% statutory · 11% effective
Dividend withholding20% or treaty
PayrollSalaries + contributions
*Figures as of 2026 per the Directorate General of Taxes. Treaty positions are assessed per structure.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Indonesian perseroan terbatas, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, licensed provider.
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The Indonesian payment licence, answered.
What licence does a payment business need in Indonesia?+
A payment service provider (PJP) licence from Bank Indonesia. Since 31 March 2026 it is granted under PBI No. 10 of 2025 together with an activity package - 1A, 1B, 2 or 3 - and the package decides both the capital and the company form. Payment system infrastructure operators are designated separately.
What do the activity packages cover?+
Package 1 combines the administration of sources of funds - payment accounts and the issuance of, or access to, sources of funds - with the forwarding of payment data and orders, which can include facilitating the receipt of payment proceeds through sub-accounts, and the forwarding of fund transfer orders; 1A is reserved for providers Bank Indonesia classifies as main payment service providers, 1B is open to others. Package 2 covers the forwarding of payment data and orders together with fund transfer orders, and Package 3 non-digital transfer orders only.
How much capital is required?+
Article 44 of PBI No. 10 of 2025 sets paid-up capital from IDR 500 million to IDR 15 billion according to the activity package, and IDR 100 billion for a payment system infrastructure operator. Bank Indonesia may adjust the amounts, and banks follow their own supervisor's capital rules.
Does a foreign group need an Indonesian partner?+
Yes. Article 44 requires at least 15% of a non-bank provider's shares to be held by Indonesian citizens or Indonesian legal entities, and at least 51% for control; Bank Indonesia may change both percentages, and providers licensed before 31 March 2026 need not meet them unless their foreign ownership changes. Bank Indonesia's summary of the regulation adds that no party may hold 25% or more of the voting shares, or a smaller stake that gives it control, in more than one non-bank PJP licensed for the same activities.
How long does the central bank take?+
PBI No. 10 of 2025 sets the steps - administrative review, substantive review and an on-site visit, which Bank Indonesia may waive in certain conditions, then approval or rejection. With company formation, the pre-consultative meeting and question rounds, plan on six to nine months.
Are there limits on wallet balances?+
Yes. Article 19 of PADG No. 32 of 2025, which replaced PADG 24/7/PADG/2022, caps an unregistered electronic money instrument at IDR 2 million and a registered one at IDR 20 million, and limits monthly incoming transactions to IDR 20 million and IDR 40 million respectively.
What changed on 31 March 2026?+
PBI No. 10 of 2025 came into force. It grants the PJP licence with an activity package - 1A, 1B, 2 or 3 - where PBI 23/6/PBI/2021 used three categories, with paid-up capital between IDR 500 million and IDR 15 billion by package and IDR 100 billion for an infrastructure operator, and keeps the 15% and 51% tests. Licences granted before 31 March 2026 remain valid: Bank Indonesia evaluates each holder's activities and classification and sends the results in writing within a year, and requirements not yet met must be met within three years, which Bank Indonesia may extend by up to two.
What company form is required?+
A perseroan terbatas for an applicant other than a commercial bank - rural banks included - for Package 1 and part of Package 2, under Article 38; Package 3 and the rest of Package 2 also accept another Indonesian incorporated entity. Commercial banks and rural banks need no licence for Package 3.
How are payment companies taxed?+
Corporate income tax at 22%, or 19% for a listed company with at least 40% of its shares traded. VAT is 12% by statute with an effective 11% on non-luxury supplies. Dividends, interest and royalties paid to non-residents carry 20% or the treaty rate.
Why Indonesia rather than Thailand or the Philippines?+
Indonesia is the largest wallet market of the three, with entry capital from IDR 500 million, and it costs you the 51% domestic control rule. Thailand publishes a 60-business-day clock and no ownership cap. The Philippines runs trust-based safeguarding at PHP 100 million to PHP 200 million of capital.
How do I get a Bank Indonesia PJP license?+
Form the perseroan terbatas with the ownership PBI No. 10 of 2025 requires - at least 15% of shares held by Indonesian citizens or entities and 51% for control - pay in the capital for your activity package (IDR 500 million to IDR 15 billion), and take the pre-consultative meeting before filing the institutional, financial and business documentation, including the strategic business plan. Bank Indonesia runs an administrative review, a substantive review and an on-site visit before it decides; 6-9 months end to end is realistic.
Which licence?+
Bank Indonesia PJP licence, by activity package.
The packages?+
1A/1B full set, 2 forwarding and transfers, 3 non-digital transfers.
Capital?+
IDR 500m-15bn by package; PIP IDR 100bn.
Indonesian partner?+
15% of shares, 51% for control.
How long?+
Two reviews + on-site visit; 6-9 months realistic.
Wallet caps?+
IDR 2M unregistered, IDR 20M registered.
March 2026?+
PBI No. 10 of 2025 in force: activity packages.
Company form?+
Perseroan terbatas for Package 1.
Taxes?+
22%, VAT 11% effective, dividends 20%.
vs Thailand / Philippines?+
Largest market, low entry capital, 51% rule.
How to get it?+
PT with 15%/51% Indonesian ownership, package capital, pre-consult, BI file; 6-9 months.
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