The newly launched platform allows Indonesian merchants to accept international digital payments and receive settlement directly in Rupiah, without handling digital assets themselves.
Bali, Indonesia — BaliCASH proudly introduces XEPENG (xepeng.com), a next generation crypto to Rupiah payment solution that enables Indonesian merchants to accept global crypto payments while receiving smooth and reliable settlements in Rupiah.
XEPENG is a payment conversion platform that enables Indonesian merchants to receive Rupiah settlement from international digital payments including Crypto. The platform emphasizes security, verification, and regulatory alignment, allowing merchants to accept global payments without holding or managing digital assets.
XEPENG exists to simplify how merchants serve international customers while keeping all merchant settlements in Rupiah,” said Penke Pancapuri, CEO of Xepeng. “Our priority is to deliver a secure process that aligns with local regulatory frameworks and compliance requirements.”
Key features of Xepeng’s offering include:
- Identity verification for buyers and face-to-face verification where appropriate.
- AML screening for counterparty identity, using broad, authoritative watchlists and media checks.
- Invoice/booking validation to ensure every conversion corresponds to a legitimate underlying transaction.
- Rupiah settlement to merchant bank accounts
To support transaction security, Xepeng implements layered verification and monitoring measures. These include identity verification of buyers, validation of transaction purpose, and risk screening against multiple compliance indicators. The platform applies anti-fraud controls to prevent misuse, unauthorized payments, and suspicious transaction patterns.
XEPENG does not position itself as a crypto exchange and does not require merchants to hold or manage crypto assets. Instead, the platform acts as a payment facilitator that coordinates verification, conversion, and settlement through licensed partners.
The launch of XEPENG reflects a broader trend in payment innovation, where businesses seek practical solutions to accommodate cross-border customers while complying with domestic financial frameworks. By focusing on payment conversion and settlement in Rupiah, XEPENG aims to support local economic activity without altering existing merchant operations.
Xepeng is currently preparing to expand merchant onboarding and engage with relevant stakeholders to further develop its payment services. This platform is available now for merchant onboarding and pilot integrations in tourism and hospitality sectors, with initial rollout focused on merchants that serve inbound visitors.
Merchants seeking participation or integration details may contact Xepeng at hello@xepeng.com .
Media Contact
Organization: Xepeng
Contact Person: Budi Satrya
Website: https://xepeng.com/
Email: Send Email
Contact Number: +6287862024247
Address:Jl. Cut Nyak Dien No.1, Renon
Address 2: Denpasar Selatan, Bali
City: Denpasar
State: Bali
Country:Indonesia
Release id:39312
Disclaimer: This press release is provided for informational purposes only and does not constitute financial, investment, legal, or regulatory advice. Nothing contained herein should be construed as an offer, solicitation, or recommendation to engage in any financial transaction, digital asset activity, or payment service. Any references to digital assets, payment conversion processes, or settlement mechanisms are described solely in a general, non-advisory context. Readers should not rely on this information as a substitute for independent legal, financial, or professional consultation. Regulatory treatment of digital assets and payment services may vary by jurisdiction and is subject to change. The company makes no representations or warranties regarding regulatory approval, legal status, or future availability of any services described.
The post Xepeng Introduces Crypto-to-Rupiah Settlement Platform for Indonesian Merchants appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economy Lane journalist was involved in the writing and production of this article.
