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The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.

 
A Deplorable Neanderthal

User ID: 85384493
United Kingdom
03/20/2023 07:19 PM

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The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
President Joko "Jokowi" Widodo has urged regional administrations in the country to wean themselves off foreign payment networks like Mastercard and Visa and start using credit cards issued by domestic banks to shield any transactions from possible geopolitical fallout that could disrupt economic transactions.

This article was published in thejakartapost.com with the title "Jokowi wants local governments to ditch Visa, Mastercard".
Click to read: [link to www.thejakartapost.com (secure)]







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Anonymous Coward
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03/20/2023 07:20 PM
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Re: The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
i can already feel his myocarditis
Anonymous Coward
User ID: 85463947
United Kingdom
03/21/2023 11:14 AM
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Re: The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
President Joko "Jokowi" Widodo has urged regional administrations in the country to wean themselves off foreign payment networks like Mastercard and Visa and start using credit cards issued by domestic banks to shield any transactions from possible geopolitical fallout that could disrupt economic transactions.

This article was published in thejakartapost.com with the title "Jokowi wants local governments to ditch Visa, Mastercard".
Click to read: [link to www.thejakartapost.com (secure)]







 Quoting: A Deplorable Neanderthal


1 Peter 5:9

Resist him, firm in your faith, knowing that the same kinds of suffering are being experienced by your brotherhood throughout the world.
A Deplorable Neanderthal  (OP)

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United Kingdom
03/21/2023 07:08 PM

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Re: The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
i can already feel his myocarditis
 Quoting: Anonymous Coward 72770408


Just the screws tightening till America adopts the incoming global digital currency.
#DefundTheBBC
Anonymous Coward
User ID: 85486297
03/21/2023 11:23 PM
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Re: The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
For all of you haters. Every year American Soldiers and Indonesian Soldiers have war games. Overall they love americans and american culture. We and Oz saved there people from the Japs.

Jokowi is trying to limit risk of financial loss due to the banking.

As for anyone who thinks they love China, read about the Natuna Sea Conflicts with China.
Crypto-Tard

User ID: 74669702
United States
03/21/2023 11:28 PM

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Re: The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
The VISA "tax" is hefty.

3% adds up in a hurry.

If your profit margin is 10%, that's like a 30% tax on profits.

If you start with a $50 bill and pass it around, spending it 30x, you still have a $50 bill in the end.

If you use VISA and electronic payments, it costs $1.50 at 3% for each transaction. After 30x transactions at $1.50, you have given the banks $45 and only $5 is left.

Electronic transactions using the usury banking system literally destroys money.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
User ID: 85156194
Russian Federation
03/21/2023 11:31 PM
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Re: The President of Indonesia advocated the rejection of the use of Visa and Mastercard payment systems.
The BRICS card will be coming out soon.





GLP