Bank Indonesia

The central banks of Hong Kong and Indonesia are deepening cooperation on cross-border QR code payments, aiming to make retail payments between the two economies faster and more interconnected. The move fits a broader regional push, led by Southeast Asian regulators, to link national payment systems and reduce reliance on traditional correspondent banking channels for everyday transactions.

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.