ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Indonesia moving to domestic switching for debit, credit cards

National Payment Gateway to promote cashless transactions, tighten monetary control

JAKARTA -- Indonesia is to enforce its new integrated national payment system by requiring that all domestic debit card transactions are processed onshore from mid-2018 onwards, and credit cards the following year.

Bank Indonesia last month issued a long-expected National Payment Gateway (NPG) regulation affecting debit card transactions. Currently, interbank transactions involving more than 80% of 130 million debit cards issued in Indonesia are processed offshore by international payment service providers, mainly Visa and Mastercard.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more