State-owned Bank Association and cellular operator PT Telekomunikasi Selular (Telkomsel) are to launch a joint electronic money (e-money) called LinkAja on Feb, 21. As planned, TCash and all the e-money card under the SOEs banks will form to be one card LinkAja.

LinkAja will present holistic services with various payment features such as electricity bill payments, transactions at outlets, and online purchases.

Central bank (Bank Indonesia/BI) has launched the Quick Response (QR) code payment standardization to support cashless payment in the archipelago. There are 12 companies that have obtained permission from the central bank using the QR code including Go-Pay, TCash, OVO, BNI Yap!, and BRI.