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Bank Indonesia

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    Hong Kong and Indonesia Deepen Cross-Border QR Payment Cooperation▼Hong Kong, Indonesia Central Banks Deepen Cooperation On Cross-Border QR Payments✉newsBusinessBanking40 min ago

    The central banks of Hong Kong and Indonesia are expanding cooperation on cross-border QR code payments, allowing residents of each jurisdiction to make payments more easily when visiting the other. The move is part of a broader push across Asia to link national payment systems and reduce reliance on card networks and cash for travel and remittances.

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    Bank Indonesia is calling on small businesses to strengthen their governance standards in order to qualify for loans. The central bank's message is aimed at helping micro, small and medium enterprises become more creditworthy and access financing more easily. The appeal reflects ongoing efforts in Indonesia to broaden financial inclusion and support small business growth through better access to bank credit.