Indonesia vs Bahrain · Real-time payment systems compared
| Capability | BI-FAST | Fawri+ |
|---|---|---|
| QR Code Payments | — | ◐ |
| Wallet Support | — | ◐ |
| 24/7 Availability | ✓ | ✓ |
| Cross-Border | — | — |
| ISO 20022 | ✓ | ✓ |
| Request to Pay | — | — |
| Open API | ◐ | — |
| Alias/Proxy | ✓ | ◐ |
Indonesia's real-time interbank transfer system launched by Bank Indonesia to replace the aging BI-RTGS for retail payments. BI-FAST supports 24/7 instant account-to-account transfers via bank account number or proxy ID across banks, fintech firms, and e-money providers. Built on ISO 20022 messaging with a modern API-based architecture, it is one of two key payment rails in Indonesia alongside QRIS (the QR standard). BI-FAST aims to be the backbone of Indonesia's digital financial infrastructure for its 280M population.
Bahrain's instant payment service operated by BENEFIT Company (the national payment network) under Central Bank of Bahrain oversight. Fawri+ enables 24/7 real-time domestic transfers between banks in seconds, complementing the existing Fawri (next-day) service. Bahrain was an early adopter of instant payments in the Gulf region, and BENEFIT also operates BenefitPay, a mobile wallet app linked to Fawri+ for QR and P2P payments. The system connects all retail banks in the kingdom.