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View all search resultsThe cross-border QRIS payment link between Indonesia and China, which went live on April 30, is expected to expand to other Chinese digital payment platforms, including WeChat Pay, industry and central bank officials have said.
Cross-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.
With a digital penetration rate of approximately 80 percent in Southeast Asia, countries in the region have prioritized digital transformation when it comes to national development. The ASEAN region is a potential market for digital payment innovation, in particular the increase use of the QR (Quick Response) payments since it was first introduced in each country.
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