Indonesian state firms cutting ties with Visa and Mastercard – official

May 15th 2023 12:32pm EDT

A domestic card will be used for budget spending free of charge, a banking executive has said The Bank of Indonesia (BI) has launched a domestic card payment system as part of a greater strategy to reduce reliance on foreign systems and protect transactions from geopolitical disruptions, CNBC Indonesia reported on Monday. Based on Indonesia’s […]

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