BI Boss Affirms Commitment To Strengthening Digital Economy And Cross Border Payment

Bank Indonesia (Photo: Doc. VOI)

JAKARTA - The Governor of Bank Indonesia, Perry Warjiyo, said that the current global economy is influenced by two things, namely increasing geopolitical uncertainty and rapid digital innovation.

According to him, these two factors form an increasingly complex landscape of international transactions, including the role of central banks and related authorities in providing central services to governments and stakeholders as well as implementing payment systems in the digital era.

"Strengthening connectivity, interoperability, and collaboration between countries plays an important role in supporting the creation of an adaptive and inclusive inter-state payment transaction ecosystem in the digital era," he said in his statement, Wednesday, August 27.

Furthermore, Perry emphasized Bank Indonesia's full commitment to advancing digital economic and financial development and strengthening inter-state connectivity through collaboration with various global and domestic strategic authorities and partners.

He added that his current priority includes digitization and integration of domestic and global payment systems (both retail and wholesale), development of digital infrastructure such as BI-FAST, QRIS, as well as strengthening industrial infrastructure through SNAP and risk management.

Then, industrial consolidation and connectedness with regional connectivity, sustainable innovation in central banking services, expansion of cross-border cooperation, and development of Digital Rupiah as strategic instruments to support innovation of relevant payment transactions and financial stability in the digital era.

"Utilization of digital innovation, including cross-border instruments, must be accompanied by synergy and caution in order to be able to strengthen stability, encourage quality economic growth, and improve people's welfare," Perry said.

On the same occasion, Deputy Minister of Foreign Affairs of the Republic of Indonesia, Arrmanatha C. Nasir views the CB Fest 2025 as reflecting Bank Indonesia's commitment to digital transformation in the midst of the current global financial landscape.

According to him, global conditions are faced with geopolitical competition, economic volatility, and disruptive technology. In the midst of this background, three actions can be taken together in maintaining financial stability, namely trust (trust) where without public trust the financial system will not be able to operate optimally.

In addition, he added that the next justice (faimen) where without justice the financial system can lose its legitimacy, as well as cooperation (cooperation) which is the key to financial system resilience in the midst of rapidly developing technological innovation.