HKMA and Bank Indonesia sign MoU to strengthen co-operation in cross-border payments

The Hong Kong Monetary Authority and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding to strengthen co-operation on Quick Response code-based cross-border payments. 
     
The HKMA and BI seek to strengthen bilateral ties and establish effective co-operation mechanism to promote faster, more affordable, transparent, and inclusive cross-border payments between Hong Kong and Indonesia. 

Under the MoU, the two parties will hold dialogues on relevant technical, operational, and regulatory matters, and explore arrangements to facilitate the interoperability of QR code-based cross-border payments between the two places.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓