Five news stories.
• Should Bank Indonesia be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Bank Indonesia be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand are to develop an interoperable cross-border payments system that will enable residents of each country to use their mobile banking app to make QR code-based payments for goods and services when visiting any of the other territories... More
Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More
Indonesia imposes standard QR code, fixed fees for e-wallets — Tech in Asia — “Indonesia’s central bank, Bank Indonesia (BI), officially imposed the QR code standardization called QRIS (Indonesian Standard QR Code) on January 1. This means that all mobile payment providers must replace their QR code with QRIS for easier transactions.”
Indonesia’s central bank says it has now completed the development of QRIS, an EMV-compliant national QR Code Indonesian Standard for mobile payments... More
Bank Indonesia launches national standard QR code — The Jakarta Post — “QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem. A customer using e-wallet service LinkAja, for example, could transfer funds to a shopkeeper using e-wallet OVO given at least one party has a QRIS code.”