TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

BI imposes fixed fees on QRIS transactions, targets 15 million merchants in 2020

  • Adrian Wail Akhlas

    The Jakarta Post

PREMIUM
Makassar, South Sulawesi   /   Mon, January 13, 2020   /  04:54 pm
The Jakarta Post Image
A merchant has on display the Quick Response Indonesia Standard (QRIS) on the left and a regular QR code on the right. The QRIS is more complex because it holds more coded data.(JP/Norman Harsono)

Bank Indonesia (BI) has officially imposed fixed fees for transactions using recently implemented standardized quick response (QR) codes as it aims to have 15 million merchants using e-wallet services in 2020. The central bank has set a merchant discount rate of 0.7 percent for almost every transaction using the Quick Response Indonesia Standard (QRIS). Transactions using the QRIS in the education sector and at gas stations charge 0.6 percent and 0.4 percent of fees respectively. Meanwhile, QR code transactions for donations or social assistance will be free from any costs. “Bank Indonesia will conduct evaluations every so often for rate revisions,” BI payment system management executive director Pungky P. Wibowo told reporters during a press briefing held in Makassar, South Sulawesi, on Saturday. “We will probably lower the fees but worry not because, in 20...