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ASEAN Central Bank Launch Cross-Border Payments

Banking editor Dian Kusumo
16/11/2022 11:32 WIB
Bank Indonesia together with 4 other ASEAN Central Bank agreed on cooperation in payment system, connectivity, which is expected to be an opportunity.
ASEAN Central Bank Launch Cross-Border Payment. (Photo : MNC Media)
ASEAN Central Bank Launch Cross-Border Payment. (Photo : MNC Media)

IDXChannel – Bank Indonesia together with 4 other ASEAN Central Bank agreed on cooperation in payment system, connectivity, which is expected to be an opportunity to increase the economy for 500 million people of ASEAN five countries. 

For this reason, Bank Indonesia together with Bank Negara Malaysia, Bangko Sentral Nang Philipinas, The Monetary Authority of Singapore and The Bank of Thailand, afreed to launch a cross-border payment system to support digital transformation in the region at the G20 Forum. 

Governor of Bank Indonesia Perry Warjiyo said, this collaboration was a stepping stone to pave way for stronger and more advanced cross border payment connectivity. 

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