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Payment Systems in the Trade Agreement

Monday, March 2, 2026

Indonesia’s trade agreement with the United States includes a clause on payment systems, one that favors foreign players.

arsip tempo : 177656584379.

Passengers use the QRIS Tap payment system for Mass Rapid Transit services at Bundaran HI MRT Station, Jakarta, March 14, 2025. Tempo/Ilham Balindra. tempo : 177656584379.

SEVERAL weeks before Indonesia and the United States signed their reciprocal trade agreement, Bank Indonesia convened a meeting with representatives of the payment system industry. The discussion, held in late January 2026 at Building B of the central bank complex, brought together representatives from Visa and Mastercard—the two American payment network giants—as well as executives from the Indonesian Payment System Association (ASPI

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Caesar Akbar

Ghoida Rahma contributed to the writing of this article. 

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