BNI will be the go-to bank for the two mobile payment apps’ bank settlement using Indonesian QR code Quick Response Indonesia Standard (QRIS)
Two Chinese mobile payment apps Alipay and WeChat Pay reportedly will enter the Indonesian market. Their entrance will be backed by PT Bank Negara Indonesia (BNI) or National Bank of Indonesia. They are set to launch the partnership officially by the end of this year, as reported by DailySocial.
BNI will be the appointed bank that acquires and settles inbound transaction done by both Alipay and WeChat Pay users in BNI’s merchants.
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WeChat Pay and Alipay will then be integrated with Indonesian QR Code called Quick Response Indonesia Standard (QRIS) Code respectively, available in all BNI’s merchants, which will only require scanning to do any transaction.
BNI’s Technology Director Dadang Setiabudi has confirmed the partnership that’s brewing at the moment with the two mobile payment apps. “We’re now wrapping up the finalisation of legal requirements with both of the mobile payment apps,” said Setiabudi.
Senior Deputy Governor of Bank Indonesia Mirza Adityaswara has greenlighted the partnership and encouraged the localized partnership.
In China, WeChat Pay dan Alipay have both covered the e-money transaction for more than 90 per cent.