Timor-Leste

ISO TL · 3 schemes

Summary

TPAY (Timor Pay) QR code payment app
UnionPay launched September 2024 (first card issuance)
BNCTL largest national bank with digital transformation
Livin' Mandiri QR Transfer feature
DPay emerging payment app

Banking landscape

Central Bank

Name: Banco Central de Timor-Leste (BCTL)
Website: https://www.bancocentral.tl/
Role: Monetary policy, banking regulation

Major Banks (2024)

Rank	Bank Name	Type	Digital Platform
1	BNCTL	State	BNCTL Mobile
2	Bank Mandiri Dili	Foreign	Livin' Mandiri
3	ANZ	Foreign	ANZ App
4	BNU	Foreign	BNU Mobile

Market Structure

BNCTL: Largest national bank
USD currency: Official tender
Digital transformation: BNCTL priority
UnionPay: New entrant (2024)

Payment infrastructure

National Payment Systems

System	Operator	Type	Status
TPAY	Telkomcel	QR Payment	Active
UnionPay	BNCTL	Card/ATM	Active (Sept 2024)
Livin' QR	Mandiri	QR Transfer	Active
DPay	DPay	Mobile app	Active

BNCTL Network

National commercial bank
Government owned
Present in every district
Agency, ATM, POS channels

UnionPay Launch (September 2024)

First card issuance in Timor-Leste
BNCTL partnership
ATM acceptance
Merchant network (hotels, restaurants, shops)

QR code standards

TPAY (Timor Pay)

Attribute	Value
Operator	Telkomcel (Telkom Indonesia)
Type	QR Payment App
Features	Shopping, transfers, airtime
Platform	Android, iOS

TPAY Features

QR code transactions
Shopping payments
Money transfers
Airtime purchases
Electronic wallet replacement

Livin' by Mandiri QR

Attribute	Value
Operator	Bank Mandiri Dili
Type	QR Transfer
Features	Instant transfers
Integration	Bank accounts

Livin' QR Features

Scan QR Transfer code
Instant fund transfers
Show QR to receive money
Bank Mandiri account linked

DPay

Attribute	Value
Operator	DPay
Origin	Timor-Leste
Features	Bills, QR, shopping
Cross-border	Indonesia shopping

DPay Features

Bill payments
QR scanning
Indonesia shopping access
Financial management

Mobile payment apps

App	Provider	QR	Features
TPAY	Telkomcel	Yes	Full wallet
Livin' Mandiri	Mandiri	Yes	Banking, QR
DPay	DPay	Yes	Bills, shopping

TPAY App

Developed by Telkom Indonesia International TL
Electronic wallet functions
QR code payments
Airtime and bill payments

Livin' by Mandiri Timor-Leste

Mobile banking app
Seamless daily transactions
QR Transfer feature
Fund monitoring

DPay App

Cutting-edge local app
Revolutionize transactions
Trusted and secure
Financial needs management

Schemes

Scheme	Type	Symbology	Adoption	Technical standard
TPAY	QR Wallet	Telkomcel	Active	`tpay`
Livin' QR	QR Transfer	Mandiri	Active	—
UnionPay	Card	BNCTL	Sept 2024	—

Sources

Full country report

TL-timor-leste.md

Schemes

Standards

Mentioned · 2