China, Indonesia launch cross-border QR payments – a boost for the global yuan?
Culture Index
Score Breakdown
Relevance
3/25
Freshness
25/25
Authority
18/20
Brand Signal
10/15
Depth
6/15
5-Axis Cultural Radar
China and Indonesia have launched a new cross-border QR payment system, marking the latest step in Beijing’s drive to build a regional digital payments network as it pushes to internationalise the yuan and reduce dependence on the US dollar. Users can now use domestic mobile apps – such as China’s Alipay and Indonesia’s QRIS – to scan QR codes and make retail payments in either country using their
