Bank of Korea Signs Agreement with Bank Indonesia to Enhance Mobile Payment Convenience

The Bank of Korea announced on the 15th that it has signed a Memorandum of Understanding (MOU) with the Central Bank of Indonesia to enhance convenience in mobile payments.

On the same day, Lee Chang-yong, Governor of the Bank of Korea, and Perry Warjiyo, Governor of the Central Bank of Indonesia, agreed to cooperate to improve mobile payment convenience when visitors from each country purchase goods and services in the other country.

Both parties plan to discuss ways to establish a cooperative system to expand payment convenience for consumers visiting the other country through private payment service providers in both countries.

This content was produced with the assistance of AI translation services.