Indonesia is implementing a new national payment system to replace Visa and Mastercard in state-owned institutions and companies. The move is part of the country's efforts to de-dollarize and protect against potential geopolitical consequences. Bank Indonesia's Head of Strategic Management and Governance Department, Dicky Kartikoyono, expects the new payment system to become widespread soon. The decision to create its own payment system is timely, according to Kartikoyono, as Southeast Asian countries should establish a safety cushion to protect businesses and citizens from increasing financial uncertainty in the West.