Payment News

Consumer Card Fees Limited by Law in New Jersey

New Jersey, in the US, has made a law limiting surcharges applied by merchants on consumers who prefer to pay by card rather than by cash. Surcharges cannot be more than the payment processing cost, and merchants have to disclose what the surcharge is.

BI Extends Reach of Digital Payments

Bank Indonesia (BI) launched QRIS, its QR code-based digital payment system, in January 2020. It was intended to offer an alternative to Indonesia’s highly popular e-wallet players such as GoPay, Ovo and Dana. QRIS and BI’s BI Fast are also levelling the playing field for traditional banks and helps reach those without bank accounts.

By the end of November BI will have added QRIS Tuntas, which gives people the ability to make fund transfers, withdrawals and deposits using QRIS. It also allows people to withdraw or deposit cash through ATMs, QRIS merchants and agents, assuming they support the feature.