Indonesia backs cross-border QR payments and clearer digital finance rules
At a G20 finance meeting in Bangkok, Indonesia proposed mapping members’ financial systems to help identify shared priorities.
Indonesia reaffirmed its commitment to developing cross-border QR payments and transactions in local currencies at a G20 finance meeting in Bangkok, Thailand, on 15 October 2026. Its delegation also called for clearer legal and regulatory standards for digital finance.
Finance Minister Suahasil Nazara and Bank Indonesia Governor Destry Damayanti represented Indonesia at the third Finance Ministers and Central Bank Governors Meeting. The delegation said the payment initiatives were intended to make payments more efficient, support trade and broaden financial inclusion, while strengthening financial links between countries.
Indonesia welcomed the Financial Stability Board’s work on updating regulation and identifying significant risks arising from digital financial innovation. It said clear rules were needed to give market participants certainty as digital products and services develop.
The delegation also supported the G20’s focus on modernising money markets and cross-border payments, but said a shared agenda should account for differences in members’ regulations, market structures and financial-sector development. Indonesia proposed an initial assessment of each country’s circumstances and needs to guide discussions on common priorities and suitable cooperation.
Indonesia praised financial-sector achievements under the United States’ 2026 G20 presidency. It also expressed readiness to work with the United Kingdom, which will hold the presidency in 2027, and other members on the global economic and financial agenda.
