Indonesia expands QR payment system with Chinese banks to facilitate Chinese tourist spending at small shops.

Indonesia is expanding its QR payment system, popular in China, to facilitate easier spending by Chinese tourists at small shops. The initiative, which includes Chinese banks and those from Japan and South Korea, aims to develop regional interconnectivity and attract Chinese tourists. QR payments, common in China, have accelerated adoption of contactless payments, making credit cards nearly obsolete.

March 23, 2024
5 Articles