Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.
February 18, 2022The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia's QR payment linkage with Thailand has also gone live.
January 28, 2022The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021Singapore's Liquid Group and Indonesia's CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.
June 27, 2019Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.
May 29, 2019