Reading Time: 4 minutesIntroduction Open source software generally describes software with publicly available source codes, which third parties can access, modify and re-distribute. In comparison, the source codes of closed source software are not disclosed to the public or disclosed only in limited circumstances, and on strict obligations of confidentiality. By being freely available and constantly tested by […]
INDONESIA: Payment Transaction Processing Framework-Introduction from Our Perspective (Part 1)
Reading Time: 10 minutesOn 14 November 2016 Bank Indonesia (“BI”), the Central Bank governing body in Indonesia, issued the Bank Indonesia Regulation No. 18/40/2016 concerning Framework of Payment Transaction Processing (Peraturan Bank Indonesia Nomor 18/40/2016 Tahun 2016 tentang Penyelenggaraan Pemrosesan Transaksi Pembayaran / “BI Regulation 18/2016”). We applaud the efforts made by BI to respond efficiently, swiftly and […]