Bank Indonesia and Timor-Leste's central bank sign payment cooperation MoU

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Bank Indonesia and Timor-Leste's central bank sign payment cooperation MoU

25 September 2026

Bank Indonesia (BI) and Banco Central de Timor-Leste (BCTL) signed a memorandum of understanding in Jakarta on 25 September 2026.
The MoU covers cooperation in payment systems and digital financial innovation, including information exchange.
BI Governor Destry Damayanti and BCTL Governor Hélder Lopes signed it.
The signing took place at the Indonesia Digital Economy and Finance Festival, held with the Indonesia Fintech Summit and Expo 2026.
The MoU lays the groundwork for payment connectivity between the two countries, including exploring cross-border use of QRIS.

Signatories: Destry Damayanti (BI) and Hélder Lopes (BCTL) Place: Jakarta Payment link explored: QRIS cross-border

Why it matters for exams: Cross-border QR payment links between central banks, like India's UPI links, are a recurring banking-awareness topic.

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25 September 2026 Source: Bank Indonesia

In plain words

QRIS Quick Response Code Indonesian Standard — Indonesia's national standard for QR-code payments, run under Bank Indonesia.