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Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace
Member of the Ansar Allah Political Bureau, Mohammed al-Bukhaiti: The Israeli aggression on Yemen will not deter us from continuing to support Gaza, no matter the sacrifices
Al Mayadeen's correspondent: The Israeli aggression targeted the Yemeni Oil Company station on Al-Sitteen Street, southwest of the capital, Sanaa, with several raids

Widodo urges Indonesia to abandon Visa, MasterCard to be 'independent'

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Mar 2023 15:54
  • 54 Shares
2 Min Read

This is in light of the implementation of a Domestic Government Credit Card payment system in March last year by the world’s seventh-largest economy.

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  • Indonesian president Joko Widodo during an interview in Jakarta in 2016 (Reuters)
    Indonesian president Joko Widodo during an interview in Jakarta in 2016. (Reuters)

As part of the new payment system launched last year, Indonesian President Joko Widodo called on Wednesday for his country to abandon the use of foreign payment networks like MasterCard and Visa and encouraged the public to adopt credit cards made by domestic banks.
 
At a local business gathering, Widodo emphasized that "everyone [in Indonesia] should be able to use" Indonesian-manufactured credit cards so that "we can be independent," as he explained that the aim is to avoid risking transactions in case of a geopolitical disruption that could economically affect the country.

According to the president, the initiative "shows that Indonesia is following the pace of digital technology transformation in the economic sector."

Read next: Indonesia, China announce lifting of trade barriers

Related News

Russian troops capture Filiya village, 146 service people repatriated

Lavrov accuses West of blocking Ukraine ceasefire as disputes persist

"Be very careful. We must remember the sanctions imposed by the US on Russia. Visa and Mastercard could be a problem," he warned. 
 
This is in light of the implementation of a Domestic Government Credit Card payment system in March last year by the world’s seventh-largest economy in terms of GDP. It also follows after US-based Visa and MasterCard payment systems suspended operations in Russia as a response to the war in Ukraine. 

Read more: Bank Indonesia calls against payments in US Dollars

One of Russia's biggest banks, Sberbank, fired back by assuring in a statement that the suspension would not affect its internal transactions, but that payments abroad would instead be affected.

Widodo had already announced that he won't join the sanctions campaign against Russia.

Statistics Indonesia data that was released last month indicated that the country’s economy expanded by 5.31% in 2022, showing its best annual growth rate since 2013.

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  • Joko Widodo
  • visa
  • Indonesia
  • Credit Cards

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