Bank Indonesia - News, Articles & Research

Company announcement/payments

Singapore and Indonesia launch cross-border QR payments

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore.

17 November 2023

News/payments

Indonesia and Singapore set to introduce QR code payments

The central banks of Singapore and Indonesia are planning to introduce the use of QR codes for cross-border payments between the two countries.

17 August 2023

Company announcement/payments

Indonesia to extend real-time payments infrastructure to new use cases

BI-FAST, Indonesia’s domestic real-time payments scheme — provided by Bank Indonesia and powered by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software — has announced plans to launch a wide range of new real-time payment services as the scheme celebrates its first anniversary.

08 December 2022

Company announcement

Asean central banks sign payments co-operation pact

Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.

14 November 2022

Company announcement/payments

BIS Innovation Hub and Bank Indonesia announce winners of G20 TechSprint

The Bank for International Settlements (BIS) and Bank Indonesia today announced the winners of the G20 TechSprint 2022 challenge during a live award ceremony in Jakarta.

12 October 2022

Company announcement/crypto

BIS and Bank Indonesia shortlist 21 teams for CBDC G20 TechSprint challenge

The Bank for International Settlements (BIS) and Bank Indonesia, under the Indonesian G20 Presidency, today announced the shortlisted finalists for the G20 TechSprint challenge on central bank digital currencies (CBDCs).

14 July 2022

News/inclusion

BIS and Bank Indonesia to run CBDC TechSprint

Bank Indonesia and the Bank for International Settlements (BIS) Innovation Hub are inviting developers to take part in a central bank digital currency hackathon.

26 April 2022

Company announcement/payments

Indonesia switches on real-time payment system

Bank Indonesia (BI), Indonesia’s central bank, has launched the country’s first real-time payments infrastructure, BI-FAST, driven by ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software.

26 January 2022

News/payments

Indonesia gets new payments system

Indonesia's central bank has launched a retail payments system designed to cut the cost of money transfers.

22 December 2021

Company announcement/payments

Indonesian and UAE central banks sign payments and financial innovation MoU

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) signed a Memorandum of Understanding (MoU), to boost mutual co-operation.

09 November 2021

News/payments

Indonesia and Thailand implement cross-border QR payments

Consumers and merchants in Indonesia and Thailand are now able to make and accept instant cross-border QR payments for goods and services under a pilot trial conducted by the country's respective central banks.

17 August 2021

Company announcement

Bank Indonesia mandates single QR Code standard

Bank Indonesia has launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code Indonesian Standard (QRIS) to coincide with the 74th Anniversary of Indonesian Independence, today (17/08) in Jakarta.

21 August 2019

Company announcement

The Royal Canadian Mint wins Bank Indonesia contract

The Royal Canadian Mint is pleased to announce that it has been awarded its first ever contract with Bank Indonesia in Jakarta , to produce nickel-plated steel blanks for its 1000 Rupiah circulation coin.

01 May 2015