Updated
Updated · The Jakarta Post · May 7
Indonesia-China QRIS link expands to WeChat Pay
Updated
Updated · The Jakarta Post · May 7

Indonesia-China QRIS link expands to WeChat Pay

6 articles · Updated · The Jakarta Post · May 7
  • Bank Indonesia deputy governor Filianingsih Hendarta said the rollout would be phased after the April 30 launch, which currently supports only Alipay and UnionPay.
  • The system lets users in both countries pay directly in rupiah and yuan under the local currency transaction scheme, while authorities work on merchant acceptance and user education.
  • During sandboxing, it recorded more than 1.6 million inbound transactions worth Rp550 billion and about 8,900 outbound transactions worth Rp6.4 billion, though technical, operational and regulatory alignment remains a challenge.
As Asia builds a payment network bypassing the dollar, what are the hidden financial and geopolitical risks for nations like Indonesia?
Is this QR link laying the foundation for a unified Asian digital currency, challenging the current global financial order?