Xepeng Introduces Crypto-to-Rupiah Settlement Platform for Indonesian Merchants
Xepeng launched a platform enabling Indonesian merchants to accept crypto payments and receive Rupiah settlements without managing digital assets.Summary
Xepeng has introduced a new platform designed to facilitate crypto-to-Rupiah settlements for Indonesian merchants. This platform allows merchants to accept international digital payments, including cryptocurrency, and receive funds directly in Rupiah, eliminating the need to handle digital assets themselves. According to Penke Pancapuri, CEO of Xepeng, the platform prioritizes security, regulatory compliance, and a streamlined process for merchants.
Xepeng’s key features include Rupiah settlement to merchant bank accounts, invoice validation, AML screening, and identity verification for buyers. The platform employs layered verification and monitoring measures to prevent fraud and ensure transaction security, operating as a payment facilitator rather than a crypto exchange.
The launch of Xepeng reflects a growing trend towards innovative payment solutions that accommodate cross-border transactions while adhering to local financial regulations. Currently focused on the tourism and hospitality sectors, Xepeng is expanding merchant onboarding and aims to support local economic activity by simplifying international payments for Indonesian businesses.
(Source：Openpr.com)