|
ASEAN Integrated QR Code Payment System
The ASEAN Integrated QR Code Payment System is a 2023 initiative by ASEAN for an integrated QR code payment systems. It was part of ASEAN's Local Currency Transaction (LCT) Framework. The initiative was aimed at using local currencies and reduced dependence on certain currencies, particularly the US dollar, in cross-border transaction among ASEAN countries. History At the 10th joint meeting of the ASEAN Finance Ministers and Central Bank Governors, held in Jakarta Indonesia on the 25 August 2023, the group committed to integrating each countries QR Payment systems as part of the Financial Integration and Liberalisation agenda. As of 2024, the following QR Payment systems were or would soon be in the integrated payment system. References {{reflist Payment systems Contactless payments Mobile payments ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASEAN
The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a regional grouping of 10 states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states represent a population of more than 600 million people and land area of over . The bloc generated a purchasing power parity (PPP) gross domestic product (GDP) of around trillion in 2022, constituting approximately 6.5% of global GDP (PPP). ASEAN member states include some of the fastest growing economies in the world, and the institution plays an integral role in East Asian regionalism. The primary objectives of ASEAN, as stated by the association, are "to accelerate economic growth, social progress and cultural development in the region", and "to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the region and adherence to the principles of the United Nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gopay
PT Gojek Indonesia (stylized in all lower case and stylized ''j'' as goȷek, formerly styled as GO-JEK) is an Indonesian on-demand multi-service platform and digital payment technology group based in Jakarta. Gojek was first established in Indonesia in 2009 as a call center to connect consumers to courier delivery and two-wheeled ride-hailing services. Gojek launched its application in 2015 with only four services: GoRide, GoSend, GoShop, and GoFood. Valued at US$10 billion today, Gojek has transformed into a super app, providing more than 20 services. Gojek operates in 5 countries: Indonesia, Vietnam, Singapore, Thailand, and the Philippines (through the acquisition of Coins.ph). Gojek is the first Indonesian unicorn company as well as the country's first "decacorn" company. It is the only company in Southeast Asia that is included in ''Fortune''s "50 Companies That Changed the World" in 2017 and 2019, ranked at 17 and 11, respectively. As of June 2020, it has about 170 milli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Indonesia
Bank Indonesia (BI) is the central bank of the Republic of Indonesia. It replaced in 1953 the Bank of Java (, DJB), which had been created in 1828 to serve the financial needs of the Dutch East Indies. History Bank of Java King William I of the Netherlands granted the right to create a private bank in the Indies in 1826, which was named . It was founded on 24 January 1828 and later became the bank of issue of the Dutch East Indies. The bank regulated and issued the Netherlands Indies gulden. In 1881, an office of the Bank of Java was opened in Amsterdam. Later followed the opening of an office in New York. By 1930 the bank owned sixteen office branches in the Dutch East Indies: Bandung, Cirebon, Semarang, Yogyakarta, Surakarta, Surabaya, Malang, Kediri, Banda Aceh, Medan, Padang, Palembang, Banjarmasin, Pontianak, Makassar, and Manado. The Bank of Java was operated as a private bank and individuals as well as industries etc. could get help in the bank's offices. File ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QRIS Logo
Quick Response Code Indonesia Standard (abbreviated as QRIS, the abbreviation being a play on keris, a traditional sword; ) is a real-time payment system developed by Bank Indonesia (BI) and the Indonesian Payment System Association (ASPI) aimed to integrate all non-cash payment methods in Indonesia. Launched in 2019, the system enables peer-to-peer (P2P) transactions between banks and person-to-merchant (P2M) payments. All payment service providers (PJP) who uses QR code payments are required to implement QRIS. QRIS can be used by all smartphones with a QR code scanner to transfer funds. QRIS is also available as a near field communication (NFC) based payment under the name QRIS Tap. By 2024, QRIS transactions in Indonesia have seen a significant surge of 226.54% over the past year, with the number of users reaching 50.50 million and 32.71 million merchants onboarded. The total annual value of QRIS transactions in 2024 is Rp42 trillion (equivalent to $2.57 billion). History Be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. The principal author was Senator Franklin Drilon. It was signed by President Rodrigo Duterte. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QR Ph Logo
QR may refer to: Arts and entertainment * Nippon Cultural Broadcasting (from call sign JOQR), a Tokyo radio station * Queen's Radio, a student radio station at Queen's University Belfast * Quiet Riot, an American rock band Businesses * Qatar Airways (IATA code) * Queensland Rail, a company responsible for the railway system in Queensland, Australia * Quintana Roo (company), a triathlon-specific wetsuit and bicycle company Places * Quintana Roo, a state of Mexico * Karakalpakstan (Qoraqalpog'iston Respublikasi), Uzbekistan (ISO 3166-2 subcode UZ-QR) Science and technology * QR code (Quick Response code), a two-dimensional code * ATCvet code QR ''Respiratory system'', a section of the Anatomical Therapeutic Chemical Classification System for veterinary medicinal products * DICOM Q/R, DICOM Query / Retrieve * Nissan QR engine * Quarter (unit) ** qr., , of a yard, equal to 9 inches ** qr. av., , of a hundredweight, equal to 2 stone or 28 pounds avoirdupois Mathematics * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QR Ph
QR Ph (officially the National QR Code Standard) is the standardized quick-response code system adopted in the Philippines, which is based on the Europay-Mastercard-VISA (EMV) standard. It serves as a swift and secure payment method for customers of both participating banks and non-bank electronic money issuers (EMI) in the country. Through QR Ph, users can conduct various transactions, including payments, fund transfers, and receipts from bank and e-money accounts within the Philippines. The implementation of QR Ph has been officially endorsed by Philippine Payments Management, Inc., following guidelines set forth in Circular 1055 by the Bangko Sentral ng Pilipinas (BSP). The move towards digital payments aligns with the central bank's objective of promoting financial inclusion, particularly for small businesses and consumers, by providing them with convenient options for day-to-day transactions. BSP's then-governor Benjamin Diokno emphasized that this transition supports t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Myanmar
The Central Bank of Myanmar (; ; abbreviated CBM) is the central bank of Myanmar (formerly Burma). Organisation Its headquarter is located in Nay Pyi Taw, and has branches in Yangon and Mandalay. History The Central Bank of Myanmar was founded as the Union Bank of Burma on 3 April 1948 by the Union Bank of Burma Act, 1947 and took over the functions of the Rangoon branches of the Reserve Bank of India. The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had the sole right to issue currency for the country. In 2013, the Central Bank of Myanmar became an autonomous and independent regulatory body by the Central Bank of Myanmar Law, which was enacted by the Myanmar parliament. In 2019, the Central Bank began working on a national standard QR payment system. Dubbed MyanmarPay (MMQR), the standard was launched in February 2025. During the 2021 Myanmar coup d'état, military authorities removed the central bank's civilian-appointed lea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MMQR Logo
MMQR (Myanmar Quick Response), branded MyanmarPay, is the national standardised QR code payment system in Myanmar. Introduced by the Central Bank of Myanmar (CBM), MMQR aims to unify and streamline the country's digital payment landscape, and to reduce reliance on cash transactions. It facilitates interoperability between various banks and mobile financial service providers, enabling seamless and secure payments through a single QR code, powered by the EMVCo standard. History Prior to the introduction of MMQR, Myanmar's digital payment ecosystem was fragmented, with different banks and mobile wallets operating on their own proprietary QR code systems. This often required users to maintain multiple accounts and businesses to manage various payment acceptance methods, leading to inconvenience and inefficiency. The Central Bank of Myanmar recognized the need for a unified national standard to modernise the country's financial system and align it with international practices. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
