BI-Fast to Be Updated, Here Are the Leaked Advantages

Jakarta, CNBC Indonesia - Bank Indonesia is planning to update the BI-Fast transaction system in line with the Indonesian Payment System Blueprint (BSPI) 2030. “Currently, we at Bank Indonesia are preparing the new BI-Fast, the new BI-Fast and also the industry fast payment,” said Deputy Governor of BI Filianingsih Hendarta on Wednesday (22/4/2026). The latest BI-Fast will be designed to anticipate surges in transactions in the future. In addition, it will be strengthened with risk management to prevent fraud and cyber attacks. Furthermore, BI-Fast will be equipped with cross-border retail transaction services integrated with the Nexus project, a scheme initiated by the Bank for International Settlements (BIS) Innovation Hub. “Later, members joining Nexus will include Malaysia, Singapore, Thailand, the Philippines, and also India, including the European Union which is currently still an observer,” Filianingsih stated. BI records that the volume of retail transactions processed through BI-Fast is indeed growing rapidly. It reached 1.4 billion transactions or grew 30.82% (yoy) with a transaction value of Rp3,519 trillion in the first quarter of 2026. Meanwhile, the average daily transaction volume throughout the first quarter of 2026 has reached 15.6 million, an increase compared to the fourth quarter of 2025 which was 14.8 million transactions. “The new BI-Fast is indeed designed to be able to anticipate future transaction surges and also more resilient risk management, especially to prevent fraud and cyber risks,” Filianingsih said.