Pilot of Cross-Border QR Payment Linkage Launched between China and Indonesia

It is important to note that the sandbox phase is currently limited to whitelisted participants and merchants. The cross-border QR payment linkage is expected to be fully operation within 2025 once the sandbox phase is completed. It is important to note that the sandbox phase is currently limited to whitelisted participants and merchants. The cross-border QR payment linkage is expected to be fully operation within 2025 once the sandbox phase is completed. The cross-border QR payment linkage,...

It is important to note that the sandbox phase is currently limited to whitelisted participants and merchants. The cross-border QR payment linkage is expected to be fully operation within 2025 once the sandbox phase is completed.

The cross-border QR payment linkage, a key project implemented between China and Indonesia in the Government-to-Government (G2G) model, is steadily progressing under the guidance of both central banks. In January 2025, UPI signed a memorandum of cooperation with the Indonesian Payment System Association (ASPI), Ant International, and the Bank of China (Hong Kong) Jakarta Branch. Subsequently, UPI signed separate cooperation agreements with the four switch networks in Indonesia—Rintis, ALTO, Artajasa, and Jalin—as well as Ant International and Alipay, thereby accelerating project implementation..

In accordance with the agreement between the two central banks, cross-border QR payment linkage between China and Indonesia will be settled in their respective local currencies. This arrangement will not only facilitate cross-border mobile payment experience for residents of both countries in the future but also enhance merchants in broadening their customer base. Additionally, the project serves as an important step forward in UnionPay's effort to create a new four-party model in collaboration with industry stakeholders, contributing to win-win cooperation of the industry while driving its own development.

In accordance with the agreement between the two central banks, cross-border QR payments between China and Indonesia will be settled in their respective local currencies. This arrangement will not only facilitate cross-border mobile payment experience for residents of both countries, but also enhance merchants in broadening their customer base. Additionally, the project serves as an important step forward in UnionPay's effort to create a new four-party model in collaboration with industry stakeholders, where UnionPay continues to play a pivotal role as it extends collaboration further across the industry chain, contributing to win-win cooperation of the industry while driving its own development.

So far, UnionPay has achieved or is pursuing cross-border QR payment linkage with payment networks in 19 countries and regions outside the Chinese mainland. Going forward, UnionPay will continue to scale up cross-border payment connectivity.

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