Payments News


Indonesian mobile payments set for cross-platform boom

“Although they already saw rapid growth in 2018, transactions via mobile payments platforms and prepaid cash cards, which are very popular in underbanked Indonesia, still account for a small slice of retail sales. They will make up a bigger slice in 2019 when Bank Indonesialaunches a centralised gateway allowing cross-platform transactions. At the heart of this system are QR codes, the low-cost, low-tech, phone-scannable bar codes which are powering commerce across Asia.”