Market Chatter: Four Indonesian Banks Integrate Apps with Chinese Digital Payment Platforms
Several large Indonesian banks integrated their mobile banking services with China's digital payment platforms to ensure ease of payments for travelers to China, The Jakarta Globe reported Friday.Bank Rakyat Indonesia (IDX: BBRI), Bank Negara Indonesia (IDX:BBNI), PT Bank Mandiri (Persero) (IDX:BMRI), and Bank Central Asia (IDX:BBCA) integrated cross-border QRIS services into their apps to facilitate the transactions.The connection with Alipay, UnionPay, and Weixin Pay, and others will eliminate the need for Indonesian travelers to convert and carry US dollars by allowing direct payments in rupiah using QRIS.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
