After the Enforcement of Bank Indonesia Regulation No. 22/23/PBI/2020, Bank Indonesia converted the licenses owned by Faspay, the Payment Gateway Provider License No. 19/966/DKSP/Srt/B dated 1 November 2017 and the Fund Transfer Provider License No. 20/237/DKSP/ 84 dated 9 November 2018 have been converted into a Payment Services Provider license for Payment Initiation and/or Acquiring Services (PIAS) activity and Remittance Services activity based on the official letter issued by Bank Indonesia No. 23/665/DKSP/Srt/B dated 1 July 2021, regarding the Conversion of License for Payment System Service Provider After the Enforcement of Bank Indonesia Regulation No. 22/23/PBI/2020 on Payment Systems.