TheJakartaPost
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The Jakarta Post
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...
