PYMNTS-MonitorEdge-May-2024

Bank Indonesia

PingPong Scores Payments License in Indonesia
PingPong Scores Payments License in Indonesia
July 31, 2024  |  Cross-border Payments

Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment...

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Indonesia, Singapore Team on XBorder QR Code Payments
Indonesia, Singapore Team on XBorder QR Code Payments
August 29, 2022  |  Cross-border Payments

Bank Indonesia and the Monetary Authority of Singapore (MAS) have begun working on a cross-border QR payment method between Indonesia and Singapore, a press release...

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CBDC Weekly: Public Leery of Digital Dollar, IMF Urges Protection for Kenya’s M-Pesa, Indonesia Eyes Wholesale Applications
CBDC Weekly: Public Leery of Digital Dollar, IMF Urges Protection for Kenya’s M-Pesa, Indonesia Eyes...
August 01, 2022  |  CBDC

The public comments on a U.S. central bank digital currency (CBDC) are running overwhelmingly against a digital dollar, according to a libertarian think tank analyst....

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Facebook, Indonesian Tech Firms Team On Mobile Pay Proposal
Facebook, Indonesian Tech Firms Team On Mobile Pay Proposal
April 20, 2020  |  Mobile Wallets

Indonesia could be the next country to accept mobile payments. Reuters reported three of the nation’s financial technology companies are collaborating with Facebook Inc. to...

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Alipay’s Indonesia Operations Delayed By Red Tape
Alipay’s Indonesia Operations Delayed By Red Tape
January 29, 2020  |  International

Indonesia’s central bank, Bank Indonesia (BI), has asked Chinese firm Alipay to review its payment services application. Officials in Indonesia’s House of Representatives confirmed the...

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Indonesia Likely To Implement Flat Rates For Digital Wallet Payments
Indonesia Likely To Implement Flat Rates For Digital Wallet Payments
January 01, 2020  |  B2B Payments

Indonesia is planning to implement flat-rate fees for certain digital wallet transactions, Reuters reported on Monday (Dec. 30), citing five sources. Fees are presently adjusted...

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Indonesia Central Bank Bans FinTechs From Using Cryptocurrency
Indonesia Central Bank Bans FinTechs From Using Cryptocurrency
December 08, 2017  |  Bitcoin

As part of a new set of rules for FinTech companies, Indonesia’s central bank is preventing them from using cryptocurrency. According to a Thursday (Dec....

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