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Jakarta Post

BI aims to double QRIS usage among small businesses

  • Adrian Wail Akhlas

    Jakarta

Jakarta   /   Thu, January 14 2021   /  01:00 am
A merchant displays a Quick Response Indonesia Standard (QRIS) on the left compared to a regular QR code on the right. The QRIS's pattern is more complex because it holds more coded data.(JP/Norman Harsono)

Bank Indonesia (BI) is looking to double the use of the Quick Response Indonesia Standard (QRIS) among small businesses, as it bids to boost cashless payments and to speed up the national economic recovery. BI Governor Perry Warjiyo said on Monday that the central bank aimed to expand the use of QRIS to around 12 million micro, small and medium enterprises (MSMEs) this year from 5.8 million last year. The move is expected to support the recovery of the coronavirus-battered economy. “MSMEs’ digitalization will help them advance to the next level and become a greater support for our economy,” the governor said during the launch of the 2021 national movement of BanggaBuatanIndonesia (Proud of Indonesian-made Goods). Aiming to universalize cashless payments in the country, BI launched the QRIS code system in 2019 to enable users from one payment service to transfer...