trending Market Intelligence /marketintelligence/en/news-insights/trending/rxQ9EBr3BFkEmEG45Y6FLQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

4 lenders aid Bank Indonesia's national payment system

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

4 lenders aid Bank Indonesia's national payment system

Four Indonesian banks signed an agreement to support Bank Indonesia's plan for an integrated payment system in the country, The Jakarta Post reported Dec. 22.

The integrated system called the National Payment Gateway will be supported by PT Bank Central Asia Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Mandiri (Persero) Tbk, and PT Bank Negara Indonesia (Persero) Tbk. The four lenders, which process 75% of debit transactions in the country, will also serve as acquirers.

Three switching companies, Artajasa Pembayaran Elektronis, Rintis Sejahtera and Alto Network, will also aid the central bank's plan to implement the system.