A PJP licence cannot be transferred — but the company holding it can change hands, under the oversight of Bank Indonesia. That is exactly where legal precision, command of payment-system regulation, and technology resilience decide whether a deal succeeds. We bring all three.
Acquiring an operating PJP company can shorten your path into the Indonesian payments market compared with starting from scratch. We help you find suitable targets, examine them thoroughly, and structure the deal in line with Bank Indonesia requirements.
Your company is worth what it can withstand in due diligence. We tidy up documents, licence status and system security before buyers arrive — then introduce you only to serious counterparties, under NDA.
The seller page is currently in Bahasa Indonesia.
Co-founder Dr. Iwan Setiawan spent 30 years at Bank Indonesia and helped shape payment-system regulation. We understand BI's process and expectations — we do not look for shortcuts.
Erwin Setiabudi Machfudz spent 17 years at PT Finnet Indonesia building payment infrastructure. We read a target's systems like an operator, not just a document reviewer.
Legal due diligence, licensing support and IT audit & VAPT under one roof — no gaps between advisers, no duplicated work.
On every deal we act under a written mandate from one party only. We do not represent both buyer and seller in the same transaction — so your interests never mix with the counterparty's.
A Malaysian remittance company wants to enter Indonesia and needs an already-licensed PJP entity. Meanwhile a local PJP owner wants a strategic partner or a dignified exit. Neither finds the other easily — nor trusts easily — without an adviser who understands the regulation, the law and the systems. That is where we work.
You share objectives and constraints. No names disclosed, no obligation to proceed.
NDA, target criteria (buyers) or sale-readiness review (sellers).
Structured introductions between suitable parties, with legal and technology review.
Support through the ownership-change approval process under applicable rules, until the deal closes.
No. Under Bank Indonesia Regulation No. 10 of 2025, a PJP licence cannot be transferred to another party. What changes hands is the ownership of the company holding the licence, and changes in shareholders or controllers fall under Bank Indonesia oversight and require an approval or notification process under the applicable rules. In short: it is a company acquisition, not a licence trade.
It is possible within Bank Indonesia's ownership and control requirements, including minimum Indonesian participation and fit-and-proper assessment of shareholders, directors and commissioners. The deal structure must therefore be designed at the outset, not repaired at the end.
No. On any single transaction we act for one party under a written mandate, so there is no conflict of interest.
No. We never publish client company names. Identities are shared only with parties who have signed an NDA, and only with your consent.
The initial consultation is confidential and carries no obligation. Fee arrangements are discussed once the scope is clear.
Payment-system operators regulated by Bank Indonesia — for example payment gateways, e-wallets/e-money, remittance and funds transfer, QRIS, virtual accounts and PPOB — not companies supervised by OJK.
