HKMA and Bank Indonesia strengthen cross-border payment cooperation
The Hong Kong Monetary Authority and the Central Bank of Indonesia strengthen cross-border payment cooperation.
The Hong Kong Monetary Authority (HKMA) and Bank Indonesia (BI) today (24 September) signed a Memorandum of Understanding (MoU) to strengthen their cooperation on cross-border QR code payments. The HKMA and BI are committed to strengthening the bilateral relationship and establishing an effective cooperation mechanism to promote faster, cheaper, more transparent and more inclusive cross-border payments between Hong Kong and Indonesia. Under the MoU, the two sides will engage in dialogue on relevant technical, operational and regulatory matters, and explore arrangements to promote the interoperability of cross-border QR code payments between the two places.
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