Plastic money: An employer supervises the printing of Bank Mandiri credit cards at the state-owned lender's headquarters in Jakarta in 2016.(Antara/Puspa Perwitasari)
Indonesia Expat: Indonesian Government to Launch the Domestic Credit Card
President Joko Widodo’s statement that he prefers credit cards used by the government to be issued by domestic issuers rather than foreign companies has been met with positivity from Indonesia’s credit card issuers.
Executive Director of the Indonesian Credit Card Association (AKKI), Steve Marta said that the government should encourage the use of government credit cards that utilise local issuers and public credit cards.
“It’s not only government credit cards but I think we should also have local credit cards one day,” Marta told CNBC Indonesia on Thursday, 6th March 2023.
Marta stated that the banking sector’s credit card issuers would also endorse this measure, citing security risks associated with credit cards issued overseas, as highlighted by Jokowi’s comments about US sanctions against Russia during the Ukraine conflict.
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Update: BI pushes ahead with domestic credit card to cut reliance on foreign ones (Jakarta Post)
WNU Editor: Almost everyday I am reading a news report from a country or a foreign financial institution that has made the decision to minimize and/or move away completely from the US dollar. But in the West there is little if any coverage in the main stream media of these developments.

