INDONESIA TRANSITIONING AWAY FROM VISA AND MASTERCARD INTRODUCING NEW PAYMENT SYSTEM

Indonesia Recently Made Headlines When

Indonesia's Digital Payment System Is Not Just A Tool But A - VOI

Indonesia recently made headlines when its President, Joko Widodo, announced that the country would gradually phase out the use of Visa and Mastercard, in

The Indonesian government encourages the use of GPN to replace

The Bank Of Indonesia Announced

Indonesia Introducing New Payment System

The Bank of Indonesia announced that the country will introduce a new national payment system which is set to replace VISA and MasterCard in state-owned

Bank of Indonesia Officially Launches New National Card Payment

Prior To The Gpn

Indonesia launches national payment system to replace VISA

President Jokowi made a decision to issue domestic credit cards on April 2025. The establishment of GPN presents an option to use a payment method without

Prior to the GPN, about 90 percent of card transactions in Indonesia were controlled by international networks such as Visa and Mastercard, with high switching costs

The Outlet Reported That That

The outlet reported that that the new system will be based on the nation’s interbank system, and be called Gerbang Pembayaran Nasional (GPN) or the National

Recognizing the transformative potential of digitalization, Bank Indonesia introduced the Indonesia Payment System Blueprint 2025 (IPS 2025) as a roadmap to

Indonesia Payment System Blueprint 2025: Accelerating Economic

Why is Indonesia Phasing Out Visa & Mastercard? - LinkedIn