A domestic card will be used for budget spending free of charge, a banking executive has said The Bank of Indonesia (BI) has launched a domestic card payment system as part of a greater strategy to reduce reliance on foreign systems and protect transactions from geopolitical disruptions, CNBC Indonesia reported on Monday. Based on Indonesia’s interbank system, Gerbang Pembayaran Nasional (GPN) or the National Payment Gateway is designed for state companies and institutions and will replace Visa and Mastercard as the country seeks more autonomy over its payment infrastructure by minimizing the role of foreign payme
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