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View all search resultsCross-border QR payments between China and Indonesia are entering a new phase, as UnionPay International and Indonesia’s national payment institutions have launched a pilot to build an interoperable framework for seamless transactions between the two markets.
Multiple consumer protection organizations warn that Bank Indonesia’s (BI) planned Payment ID infringes on personal privacy, while the central bank defends the platform, arguing that a user’s digital identity will only be used on the basis of consent.
Payment ID is set to become a truly groundbreaking trailblazer in Indonesia's financial digital transformation, so long as its transparency and accountability is adequately and comprehensively supported via governance as well as the necessary technical and social infrastructure.
To overcome operational inefficiencies and data security risks, renowned building materials company Solusi Bangun Beton partnered with Standard Chartered to implement a digital payments platform that streamlines transactions and improves customer experience.
In his speech to inaugurate the Indonesian Digital Economy and Finance Festival on Thursday, Jokowi said that more than 64 million small and medium enterprises in Indonesia could significantly propel the country's economic growth once their connected to the digital payment platforms.
Coordinating Political, Legal and Security Affairs Minister Hadi Tjahjanto, who leads the newly established anti-online gambling task force, said on Wednesday that his team was investigating how fraudulent bank accounts and payment services at mini-marts allegedly had been used for online gambling.