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qris

Taking the leap in a new era of payments

Companies 2 years ago

Taking the leap in a new era of payments

QRIS, the QR-based payment standard, now offers domestic and international interoperability, and has accumulated over 50 million users and 33 million merchants to date.

Jokowi wants SMEs to join digital revolution

Tech 2 years 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.

Understanding the challenges and solutions of the digital payment boom

Academia 2 years 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.

MoU opens way for Indonesians to use QRIS in Brunei, Laos

Economy 2 years ago

PREMIUM
MoU opens way for Indonesians to use QRIS in Brunei, Laos

The Quick Response Code Indonesian Standard (QRIS) can now be used as a payment method in Brunei Darussalam and Laos.

QR payment growth in Indonesia outpaces BI target

Markets 2 years ago

QR payment growth in Indonesia outpaces BI target

BI also noted that of the 29.63 million merchants in the country that accepted QRIS, 92 percent were micro, small and medium enterprises (MSMEs).

Singapore and Indonesia launch cross-border QR-code payments

Tech 2 years ago

Singapore and Indonesia launch cross-border QR-code payments

Customers of a dozen banks in Singapore and Indonesia will now be able to make payments to merchants in both countries by scanning QR codes, Bank Indonesia and the Monetary Authority of Singapore (MAS) said in a joint statement.

E-wallets require novel use cases as QRIS muscles in: Analysts

Tech 2 years ago

PREMIUM
E-wallets require novel use cases as QRIS muscles in: Analysts

Analysts say the rivalry between e-wallets and banking apps is not a zero-sum game, as each could have their own market.

QRIS as the future of financial transactions

Companies 3 years ago

PREMIUM
QRIS as the future of financial transactions

Data from the Indonesian Payment System Association (ASPI) note that throughout 2022, the accumulated volume of QRIS transactions nationally reached 1 billion transactions with a transaction value of Rp 99.98 trillion ($6.4 billion).

RI, Singapore debut linked cross-border QR payment system

Economy 3 years ago

PREMIUM
RI, Singapore debut linked cross-border QR payment system

Bank Indonesia (BI) has launched a trial to connect its QR-based payment system to Singapore's. At the same time, it expanded QRIS to include transfer, withdrawal and deposit capabilities.

BI keeps key rate unchanged, cuts QRIS fees

Regulations 3 years ago

PREMIUM
BI keeps key rate unchanged, cuts QRIS fees

The central bank decided to reduce its QRIS per-transaction fees while keeping its key interest rate unchanged with a view to maintaining a stable rupiah.

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