Cross border payments to be connected in 5 Asean countries next year, says Indonesia central bank

JAKARTA – Indonesia’s central bank governor said on Wednesday the cross border payment program between five Asean countries, namely Thailand, Singapore, Malaysia, Philippines and Indonesia will be fully connected next year.

Governor Perry Warjiyo said at an Islamic economics event that Indonesia has connected its payments system with Thailand, and will do so soon with Malaysia and Singapore. He did not give details on the agreement with the Philippines.