Jakarta, INTI – A major breakthrough in Indonesia’s digital payment system is set to roll out soon. Bank Indonesia (BI) has announced the launch of a digital financial identification system called Payment ID, scheduled to take effect on August 17, 2025. This initiative is part of the Indonesian Payment System Blueprint (BSPI) 2030, and it uses the National Identity Number (NIK) as the foundation to integrate all individual financial activities.
NIK-Based Digital Financial Identity
The Payment ID acts as a unique digital code linking a person's various financial data sources ranging from bank accounts, credit cards, and e-wallets to online loans. According to Dudi Dermawan, Director of BI’s Payment System Policy Department, the system will serve as a new foundation to build a more transparent, responsible, and inclusive payment ecosystem.
"This system enables authorities to view an individual’s complete financial profile: income, expenses, debt burden, and investments," said Dudi at an Editors Briefing in Labuan Bajo on Friday July 18, 2025.
Monitor Transactions and Credit Processes with a Single Click
In practice, Payment ID will simplify the monitoring and analysis of a person’s financial profile. For instance, during a loan application, the bank can request user consent via their mobile phone. Once approved, the system grants access to BI-Payment Info, containing the user’s complete financial data.
“As soon as I click OK, the bank can immediately view my entire financial profile through BI-Payment Info,” Dudi explained.
Privacy Guaranteed with Consent-Based Access
Despite connecting to sensitive personal data, BI emphasizes the importance of privacy protection in the use of Payment ID. Data access is only granted upon user approval through an official notification. “We are extremely cautious. Transparency can be misused if not well-guarded. Public trust is the key,” Dudi affirmed.
Initial trials were conducted to verify the eligibility of social assistance (bansos) recipients. Out of ten individuals tested, one person was found to have four bank accounts with a total transaction value of up to Rp10 million demonstrating the system’s capability to uncover hidden financial data that could compromise accurate distribution.
Early Fraud Detection and More Accurate Financial Assessments
Technically, the Payment ID functions as:
- A unique identifier for users within the payment system,
- A tool for financial transaction authentication, and
- A link between user profiles and detailed transaction activities.
Dudi stated that this system can detect potential fraud and offer a more accurate assessment of financial health than older systems like SLIK. “If someone spends more than they earn, Payment ID can instantly identify that their financial condition is unhealthy,” he said.
Three Core Functions in the National Payment System
According to the BSPI 2030 document, Payment ID serves three main roles:
- As a key identifier of actors in the payment system,
- As a means of transaction data authentication, and
- As a granular link between individual profiles and financial activity.
With the launch of Payment ID, Bank Indonesia aims to create a national payment system that is more efficient, transparent, inclusive, and trusted reinforcing the nation’s digital financial infrastructure for the future.
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Conclusion:
The launch of Payment ID by Bank Indonesia on August 17, 2025, marks a significant step in the transformation of the national payment system. Based on the National Identity Number (NIK), this system enables full integration and transparency of individual financial activities, ranging from bank accounts to digital loans. In addition to simplifying credit applications and financial assessments, Payment ID also strengthens privacy protection through a user consent mechanism. This initiative serves as a foundation for building a safer, more inclusive, and more efficient digital financial ecosystem in Indonesia.
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