Bank Indonesia launches cross-border QRIS with China
Updated
Updated · ANTARA Foto · Apr 30
Bank Indonesia launches cross-border QRIS with China
13 articles · Updated · ANTARA Foto · Apr 30
The rollout began on Thursday in Jakarta, with Governor Perry Warjiyo attending alongside OJK chair Friderica Widyasari, minister Pratikno and Chinese ambassador Wang Lutong.
The system allows people in Indonesia and China to make payments in both directions by scanning QR codes, expanding Bank Indonesia's cross-border digital payment network.
The move is aimed at easing transactions between the two countries' citizens and supporting wider use of interoperable digital payments for travel and commerce.
With its QR network spanning six nations, is Indonesia building a new digital finance hub in Southeast Asia?
As payments connect Indonesia and China, what are the hidden risks for millions of users' financial data?
Is this QR payment link a strategic move in a global push away from the US dollar?