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Opinion 2 weeks ago
PREMIUM
Analysis: KKI expands credit access amid rising household risks
Bank Indonesia (BI) and the Indonesian Payment System Association (ASPI) launched Kartu Kredit Indonesia (KKI) on Aug. 17, enabling deferred QRIS payments to be processed domestically. While easier access to credit could support consumption and strengthen Indonesia’s payment ecosystem, it also carries risks. Without prudent lending standards, greater convenience could lead to higher household debt and deteriorating credit quality.
Regulations 8 months ago
Trump calls for one-year cap on credit card interest rates at 10%
US President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
Tech 2 years ago
PREMIUM
Buy now, pay later gains ground as credit cards decline: Report
Over the past year, BNPL has moved up to the second spot for preferred payment methods among online consumers while credit cards have dropped, prompting banks to hop on the fintech bandwagon, a new industry report shows.
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