Indonesia Transitioning Away from Visa and Mastercard, Introducing New Payment System
The Bank of Indonesia is transitioning away from payment platforms such as Visa and Mastercard . Specifically, the country is set to begin development on “its indigenous payment platform,” according to a report from Republic World. Moreover, the President of Indonesia , Joko Widodo, has reportedly asked local agencies to begin transitioning away from international payment processors. Specifically calling for them to utilize cards that are “authorized by local banks.” JUST IN: Bank of Indonesia to transition away from Visa and Mastercard , introducing a new payment system. — Watcher.Guru (@WatcherGuru) March 21, 2023 Indonesia Moving Away from International Payment Processors In an interesting development, The Bank of Indonesia is set to begin to transition away from payment platforms like Visa and MasterCard. Specifically, the report states that the country’s president has urged local agencies to begin to use cards from their local banks. The initial report...