Indonesia Transitioning Away From Visa And Mastercard Introducing New Payment System

Last updated: June 8, 2025, 23:28

Indonesia Transitioning Away From Visa And Mastercard Introducing New Payment System

Prior to the GPN

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

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

President Jokowi made a decision

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

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Indonesia launches national payment system to replace VISA

Recognizing the transformative potential of

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

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

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Indonesia Introducing New Payment System

Bank of Indonesia Officially Launches New National Card Payment

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