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 said, part of the ASEAN-wide payments connectivity effort. The reason behind the partnership is the 1.9 million arrivals in Indonesia...
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. The Cato Institute’s Nicholas Anthony noted that the Federal Reserve released another set of public comments, bringing the total to...
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 seek permission to launch mobile payments in the Southeast Asian country. Indonesia is one of the largest markets for Facebook and...
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 re-evaluation at a hearing, reports said. BI’s deputy governor stated to Commission XI, a financial and banking oversight committee, that...
July 31, 2024
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 system service provider license, allowing it to facilitate domestic and cross-border payments in the world’s fourth most populous country, PingPong said Wednesday (July 31). “As one of the largest and […]
August 29, 2022
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 said, part of the ASEAN-wide...
April 20, 2020
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 seek permission to launch mobile...
January 29, 2020
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 re-evaluation at a hearing, reports...
