Indonesia extends credit card network in challenge to Visa and Mastercard

FinanceAs more young Indonesians pay on credit, central bank wants onshore processingBank Mandiri is of one the major Indonesian banks offering credit cards that process domestic transactions onshore using the KKI system. (Photo by Yuji Murakami)REZHA HADYANAugust 17, 2026 18:36 JSTJAKARTA -- Bank Indonesia on Monday extended a domestic credit card payment system to individuals in partnership with major local lenders to support consumer loans, further challenging the dominance of Visa and Mastercard in Southeast Asia's largest economy.