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Indonesia, Singapore debut linked cross-border QR payment system

Indonesia, Singapore debut linked cross-border QR payment system Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region. ....

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Introduction to QRIS and Its Merchant Discount Rate Policy

On July 1, 2023, Bank Indonesia started applying an administration fee to all transactions through QRIS. ....

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Digital Transformation: Bank Indonesia Introduces Fast Payment System to Accelerate Digitalization

Digital Transformation: Bank Indonesia Introduces Fast Payment System to Accelerate Digitalization
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Bank Indonesia unveils BI-FAST as latest digital payment system

JAKARTA (The Jakarta Post/Asia News Network): Bank Indonesia (BI) announced the launch of Bank Indonesia Fast Payment (BI-FAST) in a virtual launch ceremony on Tuesday (Dec 22). ....

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A roadmap for digital banking transformation

Bank Indonesia recorded that the value of digital banking transactions reached Rp3,468.4 trillion in August 2021, or grew 61.8 percent on an annual basis . ....

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