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Domestic credit card

Visa and Mastercard are furious with Bank Indonesia’s plan to introduce a domestic credit card system following President Joko ‘Jokowi’ Widodo’s calling for the use of homegrown cards to boost the country’s independence in financial transactions. Details yet to be provided, but with the growing mobile wallets in in-store payments, the plan deserved attention.

Business

Domestic credit card

Visa and Mastercard are furious with Bank Indonesia’s plan to introduce a domestic credit card system following President Joko ‘Jokowi’ Widodo’s calling for the use of homegrown cards to boost the country’s independence in financial transactions. Details yet to be provided, but with the growing mobile wallets in in-store payments, the plan deserved attention.

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Profiles

Laksamana Sukardi returns to politics

Laksamana Sukardi, former minister of state-owned enterprises and former treasurer of PDI-P, has decided to return to politics. Laksamana has joined Partai Kebangkitan Nusantara (PKN), a new political party established by loyalists of Anas Urbaningrum, former chairman of Democratic Party.

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