The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) and Bank Indonesia (BI) today (September 24) signed a Memorandum of Understanding (MOU) to strengthen co-operation on Quick Response (QR) code-based cross-border payments. 
      
     The HKMA and BI seek to strengthen bilateral ties and establish effective co-operation mechanism to promote faster, more affordable, transparent, and inclusive cross-border payments between Hong Kong and Indonesia. Under the MOU, the two parties will hold dialogues on relevant technical, operational and regulatory matters, and explore arrangements to facilitate the interoperability of QR code-based cross-border payments between the two places.

Ends/Thursday, September 24, 2026
Issued at HKT 11:00

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