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ASEAN must improve payment connectivity: Indonesia's central bank

Indonesia's central bank has called on ASEAN countries to improve payment connectivity to facilitate cross-border trade and investment. The bank's governor emphasized the importance of interoperability among different payment systems in the region to promote economic integration and growth. He also highlighted the need for standardization of payment systems and regulations across ASEAN countries. The central bank has been working on initiatives to promote cross-border payment connectivity, such as the ASEAN Payment Connectivity Framework and the QRIS payment system. The bank hopes that these efforts will encourage other ASEAN countries to collaborate and improve payment connectivity in the region.

March 29, 2023