The Hong Kong Monetary Authority and the Central Bank of Indonesia strengthen cross-border payment cooperation.

Zhito Finance APP has learned that the Hong Kong Monetary Authority and Bank Indonesia (Indonesia's central bank) today (September 24) signed a Memorandum of Understanding to strengthen cooperation between the two sides on cross-border QR code payments. The Hong Kong Monetary Authority and Bank Indonesia are committed to strengthening bilateral relations and establishing an effective cooperation mechanism to promote faster, cheaper, more transparent, and more inclusive cross-border payments between Hong Kong and Indonesia. Under the Memorandum, the two sides will engage in dialogue on relevant technical, operational, and regulatory matters, and explore arrangements to promote the interconnection of cross-border QR code payments between the two places.