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Digital identity in Indonesia is typically an electronic certificate that holds the individual's e-signature, as specified by Law 11 of 2008 on Electronic Information and Transactions (the ITE Law) and its amendments 19 of 2016. The Indonesian government has since issued various regulations for the purpose of bolstering security when using digital credentials to access financial services, such as:

1. Validation of certified e-signature and digital identity for electronic transactions, in accordance with Ministry of Communication and Informatics Regulation No. 11 of 2018, dated 6 September 2018.
2. In accordance with Law No. 8 of 2010 on the prevention and eradication of money laundering, dated 22 October 2010, electronic know-your-customer guidelines are used. ¹

For the inclusive delivery of financial services, Indonesia has implemented policies to create a strong digital identity infrastructure through the National Council for Financial Inclusion and its relevant partners. In Indonesia, several state and private enterprises are registered or have obtained licences to issue electronic certificates from the Ministry of Communication and Informatics (MOCI).¹

Digital onboarding in Indonesia

Fintech in Indonesia

Fintech in other countries

Notes

1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/indonesia