Promoting the use of local currencies for bilateral transactions Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be…
Read More
Develops retail payment system infrastructure and standardised open API. Bank Indonesia (BI) has accelerated the digitalisation of the national economy and finance through the development of a real- time and round-the-clock retail payment system infrastructure with BI FAST, and the preparation of Open Application Programming Interfaces (Open API) Standards for Payments industry players. Both initiatives are implementations of the Blueprint Indonesia…
Read More