Sep 15, 2025 04:29 PM (GMT+8) · EqualOcean
Beijing and Jakarta have launched a China–Indonesia local currency settlement and QR payment connectivity project, now in two-way pilot operation. In Beijing, an Indonesian e-wallet paid via a Chinese QR code, while in Jakarta, UnionPay QuickPass and Alipay Wallet scanned Indonesia’s QRIS code. The trial enables Chinese users to pay at 39 million merchants in Indonesia and allows 33 Indonesian e-wallets in China. Using a bilateral local currency framework, the project supports RMB internationalization and cross-border payment facilitation, with full rollout expected in 2025.

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