, Indonesia

Indonesia moves forward with plan to standardise QR code payments

The central bank has already finished the technical-heavy stage.

Bank Indonesia (BI) is making significant inroads with its plan to standardise the payment process using QR codes after it formed a working group composed of industry representatives of payment service providers following a successful initial stage, reports Jakarta Post. 

Also read: South Korea to allow payment via QR code by 2019

This comes after the first phase of the standardisation pilot test has been completed and the QR payment standardisation enters into second phase which will sort out business issues. "The first phase has been completed. It solved technical issues," said Anthoni Morris, the director of interbank network provider PT Artajasa Pembayaran Elektronik.

Also read: How are ASEAN banks deploying real-time payment systems?

The first phase of the pilot test which started in late August involved Artajasa, state-owned Bank Negara Indonesia (BNI), Telkomsel's digital payment service T-Cash, and Bank Permata. The stage also tested the interoperability of QR transactions with banks, telcos and fintechs.

BI plans to conduct three test runs for national QR payment standardisation which are expected to form the basis of upcoming regulations.

The QR code payment would then be applied to the national payment gateway (GPN) network infrastructure. 

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.