Press release
Xepeng Introduces Crypto-to-Rupiah Settlement Platform for Indonesian Merchants
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:
o Rupiah settlement to merchant bank accounts
o Invoice/booking validation to ensure every conversion corresponds to a legitimate underlying transaction.
o AML screening for counterparty identity, using broad, authoritative watchlists and media checks.
o Identity verification for buyers and face-to-face verification where appropriate.
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 .
Contact Details
Organization: Xepeng
Contact Person: Budi Satrya
Website: https://xepeng.com/
Email: Send Email [https://dashboard.kingnewswire.com/release-contact/39312]
Contact Number: +6287862024247
Address: Jl. Cut Nyak Dien No.1, Renon
Address 2: Denpasar Selatan, Bali
City: Denpasar
State: Bali
Country: Indonesia
Release Id: 19122539312
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