Core Points - UnionPay International has launched a pilot cross-border QR payment system between China and Indonesia, supervised by the central banks of both countries [1][3] - The pilot allows selected users to complete transactions using UnionPay and Alipay apps at over 40 million QRIS merchants in Indonesia [2][3] - The project is part of a government-to-government initiative, with full operationalization expected by 2025 [3][4] Group 1 - The pilot was initiated with a transaction demonstration in Beijing using an Indonesian mobile payment application [1] - In Jakarta, users successfully completed transactions by scanning Indonesia's standardized QR code (QRIS) [2] - The current phase is limited to pre-approved participants and merchants, with plans for expansion after the trial [3] Group 2 - UnionPay has signed cooperation agreements with Indonesian financial entities and switch networks to facilitate the project [4] - QR payment transactions will be settled in local currencies as per the bilateral agreement [4] - UnionPay is also expanding its QR payment linkage to 19 other countries and regions outside of mainland China [4]