Indonesia scrapping Visa and MasterCard payment systems

Indonesian President Joko “Jokowi” Widodo has called for the country to scrap foreign payment networks, such as Visa and MasterCard, and instead using credit cards issued by domestic banks. Indonesia, which is the world’s seventh largest economy in terms of GDP (PPP), launched a Domestic Government Credit Card payment system in March 2022. Speaking at … Continue reading Indonesia scrapping Visa and MasterCard payment systems