The central bank’s spokesperson, Erwin Haryono, said that Indonesia plans to ditch Visa and Mastercard and is in talks with local businesses.
The Bank of Indonesia is preparing to phase out Visa and Mastercard while introducing its own domestic payment system, Antara news agency reported on Monday, citing the regulator.
Last week, Indonesian President Joko Widodo urged regional authorities to wean themselves away from foreign payment systems and start using cards issued by local banks. He...
