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QRIS

UnionPay’s New Four-Party Model Makes Cross-Border QR Payments Seamless in Indonesia

Companies 3 months ago

UnionPay’s New Four-Party Model Makes Cross-Border QR Payments Seamless in Indonesia

Cross-border QR payments between China and Indonesia are entering a new phase, as UnionPay International and Indonesia’s national payment institutions have launched a pilot to build an interoperable framework for seamless transactions between the two markets.

BI to link QRIS with Alipay, WeChat standards in China push

Tech 5 months ago

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BI to link QRIS with Alipay, WeChat standards in China push

BI noted that harmonizing policies remained the main challenge in implementing cross-border QR payment initiatives abroad, noting that many countries, including China, had no unified standards.

GoPay QRIS expands network for cross border payment to support Bank Indonesia milestone

Companies 6 months ago

GoPay QRIS expands network for cross border payment to support Bank Indonesia milestone

With a digital penetration rate of approximately 80 percent in Southeast Asia, countries in the region have prioritized digital transformation when it comes to national development. The ASEAN region is a potential market for digital payment innovation, in particular the increase use of the QR (Quick Response) payments since it was first introduced in each country.

Digital payments in Indonesia: A Cultural shift

Tech 6 months ago

Digital payments in Indonesia: A Cultural shift

QRIS transaction volume had risen by 163 percent year-on-year (yoy) in July, while BI-FAST handled 414.6 million transactions, up 38 percent yoy, with a total value of Rp 1 quadrillion.

QRIS to pilot in China next month as expansion continues

Tech 6 months ago

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QRIS to pilot in China next month as expansion continues

Bank Indonesia is set to pilot its Quick Response Indonesia Standard (QRIS) system in China next month, following its recent Japan launch that marked the payment system’s first expansion beyond ASEAN.

QRIS launches in Japan as trial begins for expansion to China

Tech 7 months ago

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QRIS launches in Japan as trial begins for expansion to China

Bank Indonesia (BI) is preparing to roll out the Quick Response Indonesia Standard (QRIS) in China, following the recent launch in Japan, as it seeks to expand the national digital payment system beyond ASEAN.

Can ethical business mandates boost Indonesia's digital economy?

Academia 8 months ago

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Can ethical business mandates boost Indonesia's digital economy?

As data and technology expand access to goods and services, lawmakers and regulators must ensure it will deliver long-term well-being and not just short-term profits.

Indonesia, Russia deepen trade ties with QRIS, palm oil in focus

Economy 9 months ago

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Indonesia, Russia deepen trade ties with QRIS, palm oil in focus

President Prabowo Subianto’s meeting with Russian President Vladimir Putin last week produced commitments to intensify trade, investment and industrial collaboration as part of the 75th anniversary of bilateral relations.

Opportunities and strategies for the Indonesian banking sector

Academia 9 months ago

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Opportunities and strategies for the Indonesian banking sector

The banking sector remains resilient despite increasingly volatile global economic dynamics, though this stability requires constant vigilance and adaptive strategies.

US labels QRIS a trade barrier, what’s next for Indonesia’s digital payment system?

Academia 9 months ago

US labels QRIS a trade barrier, what’s next for Indonesia’s digital payment system?

QRIS has become the king of digital payment channels for local transactions. Visa–Mastercard’s position remains dominant for cross-border payments.

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