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Economy

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.

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