Indonesian banking giants to integrate cashless payments

Four Indonesian major commercial banks –from state-owned Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), to privately owned Bank Central Asia (BCA)– today announced a plan to integrate their cashless payment services under one network. The partnership is an implementation of a recent MoU on interconnectivity and interoperability, in order to support the country’s National Payment Gateway (NPG) programme, as initiated by its central bank Bank Indonesia. Kartika Wirjoatmodjo, President Director and CFO of Bank Mandiri, told CNN Indonesia that the four banks have been requested to pioneer the building of an e-money platform, which each bank has already owned. In the long run, he expected that the platforms that each bank has created can be run under “a single system.” Read more: