China-Indonesia cross-border QR code payment trial run in both directions

Those who often travel between China and Indonesia! From now on, you don't need to carry cash and calculate the exchange fee, you can spend money by scanning a code!

Today, Mr. Wang will tell you the good news that will save you a lot of heartache--On September 11th, cross-border QR codes between China and Indonesia were officially launched for two-way trial operation!The governors of the two central banks were present to witness, this thing is reliable degree of pull full, directly solve our round-trip spending the old problem!

First, let's talk about how the trial run works now: on our side of China.Invited users open UnionPay Cloud Flash or Alipay andIn Indonesia more than39 million merchants supporting QRIS codesThe first time you use GOPAY, you can pay directly by scanning the code; the other way around is even more convenient, as our Indonesian friends use GOPAY , which is the most popular payment method in the world. ShopeePayMyBCA, these 33 local mainstream e-wallets, come to China after scanning the QR code merchants of UnionPay or Alipay, can also be directly consumed, no longer need to specifically change RMB cash.

Secondly, let's not think that this is a small collaboration, this is aMajor projects promoted by both governments (G2G model)! As early as January this year, UnionPay International and Ant International signed a memorandum of cooperation with the Indonesian side, and later finalized an agreement with four local adapter networks, advancing step by step to the current pilot. And it's official.The pilot will be in full production within this year.In the future, whether it is a business trip to Indonesia, traveling, or Indonesian customers come to China, the payment can be seamless.

Third, there's more to this than convenience: for one thingSettlement in bilateral local currencyWe don't have to exchange dollars for rupiahs and then yuan, so that's a relief.Exchange costs are also less exposed to exchange rate fluctuationsThe Chinese government has also helped make it easier to use the RMB internationally; secondly, it is also good for the businessmen, as Chinese businessmen can attract Indonesian tourists and Indonesian businessmen can retain Chinese consumers, both sides.Trade, commerce and people-to-people exchangesDefinitely more hilarious.

Seriously, in the future, when you go to Jakarta for business, travel to Bali, or when Indonesian friends come to China to eat hot pot or buy specialties, you can just take out your cell phone and scan it, so it will be more and more convenient to travel and shop between China and Indonesia.