Foreign ownership of payments companies engaged in clearing, settlement services, fund transfer, and debit transactions is capped at 20%. As of 2021, 85% foreign ownership is allowed in non-bank payment services providers but under the condition that 51% of shares with voting rights are owned by Indonesians. For non-bank Payment Services Infrastructure Provider, including a provider of clearing and settlement services, must as of 2021 have a minimum of 80% Indonesian shareholding, with 80% of the voting rights to be held by Indonesian investors.