Economy· August 17, 2026 at 09:36 a.m.
Indonesia Expands Domestic Credit Card Network in Competition with Visa and Mastercard
Key takeaways
- Indonesia is expanding its domestic credit card network
- The move aims to challenge Visa and Mastercard
- The expansion could potentially lower transaction costs
Indonesia has extended its domestic credit card network as part of an effort to challenge global payment giants Visa and Mastercard. The move aims to reduce reliance on foreign payment systems, which could potentially lower transaction costs for local businesses and consumers. This expansion is expected to boost the use of digital payments in Indonesia.