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Central banks of Indonesia and Singapore start trial on cross-border QR code payments

By Stefanno Sulaiman

JAKARTA (Reuters) – Indonesia’s central bank said on Thursday it had started a trial of cross-border QR code payments with its Singaporean counterpart.

Both have set a target of introducing the system in the second half of this year, according to an earlier statement from Singapore’s central bank.

Central banks of Indonesia and Singapore start trial on cross-border QR code payments
A woman walks behind a logo of Indonesia’s central bank, Bank Indonesia, in Jakarta, November 17, 2016. REUTERS/Beawiharta/File Photo