A domestic card will be used for budget spending free of charge, a banking executive has said

The Bank of Indonesia (BI) has launched a domestic card payment system as part of a greater strategy to reduce reliance on foreign systems and protect transactions from geopolitical disruptions, CNBC Indonesia reported on Monday.

According to Dicky Kartikoyono, the head of the Payment System Policy department at BI, domestic cards process users’ private data within the country and do not charge any fees. The card also provides features needed for government institutions to conduct payments such as budget spending on inventories, rent, building maintenance and official travel, Kartikoyono said.

https://www.rt.com/business/576334-indonesia-visa-mastercard-domestic-card/