Indonesia to ditch Visa and Mastercard

Mar 21st 2023 3:36am EDT

Jakarta wants to reduce its dependence on foreign payment systems, citing sanctions on Russia The Bank of Indonesia is preparing to phase out Visa and Mastercard while introducing its own domestic payment system, Antara news agency reported on Monday, citing the regulator. Last week, Indonesian President Joko Widodo urged regional authorities to wean themselves away […]

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