Indonesia’s central bank pledges major infrastructure changes

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Indonesia’s central bank has announced extensive plans to improve the country’s payment infrastructure over the next five years.

The Indonesia Payment System Blueprint 2025, launched on November 28, aims to open up access to financial services for 91.3 million people and 62.9 million small- to medium-sized enterprises.

Currently, 51% of Indonesians are excluded from formal banking services, central bank data shows.

Within the blueprint, Bank Indonesia commits to five initiatives, which it

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