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View all search resultsQRIS
Opinion 10 months ago
PREMIUM
Analysis: US cites QRIS as trade barrier, but US payment model unfit for Indonesia
Indonesia’s efforts to strengthen trade ties with the United States have hit an unexpected roadblock, centered on the country’s QR code-based payment system—Quick Response Indonesia Standard (QRIS). The U.S. government has classified QRIS as a trade barrier, arguing that it has curtailed the dominance of Visa and Mastercard in Indonesia’s payment ecosystem, where both companies had expanded prior to QRIS’s launch in 2019.
Tech 11 months ago
PREMIUM
BI takes diplomatic route on US gripe over QRIS
True to form, Indonesia has taken a trade diplomacy approach in response to a report by the US Trade Representative criticizing QRIS as a foreign trade barrier, highlighting Jakarta's readiness to cooperate with Washington on the matter.
Tech 1 year ago
Jokowi wants SMEs to join digital revolution
In his speech to inaugurate the Indonesian Digital Economy and Finance Festival on Thursday, Jokowi said that more than 64 million small and medium enterprises in Indonesia could significantly propel the country's economic growth once their connected to the digital payment platforms.
Academia 1 year ago
PREMIUM
Understanding the challenges and solutions of the digital payment boom
It is likely that the so-called network effect since the pandemic-era surge in digital transactions has highlighted the challenges that still remain in closing the gap in digital payment adoption between Java and regions outside the major island.
