Jakarta, IO – Bank Indonesia (BI) Governor Perry Warjiyo said that the trial phase for international quick response (QR) code interconnectivity with Malaysia has almost been completed.
“The trial is already in the final stage. We hope to implement it in three months time,” Perry said, reported Katadata, Thursday (2/2).
Through this collaboration, citizens of Indonesia and Malaysia will be able to transact using the Indonesia’s QRIS or Malaysia’s DuitNow.
Malaysia is the second country after Thailand to join the cross-border digital payment cooperation which began last year.
The system will involve domestic banks BCA, Bank Mandiri, BNI and BSI; as well as digital payment platforms LinkAja, Ottocash, ShopeePay and DANA.
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Indonesia, Thailand, Singapore, Malaysia and the Philippines signed a cross-border payment cooperation during the Bali G20 Summit in mid-November 2022. (un)