QRIS

To support Indonesia's vision of a standardized global trade and retail payment infrastructure, QRIS has established and rapidly expanded its cross-border transactions reach. As of 2 August 2024, users can conveniently pay with QRIS or participating apps in Thailand, Singapore, and Malaysia.

QRIS's cross-border journey commenced with a pilot between Indonesia and Thailand on 17 August 2021, followed by a full rollout on 29 August 2022.{{Cite web|title=The Implementation of cross-border QR Payment linkage|url=https://www.bi.go.id/en/publikasi/ruang-media/news-release/Pages/sp_2423222.aspx|language=en-US|access-date=2024-08-02}} A similar path was taken with Malaysia, starting with a pilot on 27 January 2022, and a commercial launch on 8 May 2023.{{Cite web|title=Indonesia and Malaysia announce the commercial launch of the cross-border QR Payment linkage|url=https://www.bi.go.id/en/publikasi/ruang-media/news-release/Pages/sp_2511623.aspx|language=en-US|access-date=2024-08-02}} The most recent expansion came on 17 November 2023, with the integration of Singapore.{{Cite web|title=Launch of Cross-border QR Payments Linkage between indonesia and Singapore|url=https://www.mas.gov.sg/news/media-releases/2023/launch-of-cross-border-qr-payments-linkage-between-indonesia-and-singapore|language=en-US|access-date=2024-08-02}}

By 2 August 2024, MoUs have been signed with South Korea and the United Arab Emirates, with plans to enable QRIS transactions in these countries, as well as Japan and India, in the near future.{{Cite web|title=QRIS Makin Diminati Turis Asing dari Singapura hingga Thailand|url=https://www.cnbcindonesia.com/market/20240717175237-17-555486/qris-makin-diminati-turis-asing-dari-singapura-hingga-thailand|language=id-ID|access-date=2024-08-02}}

Before Bank Indonesia (BI) applied the standard, QR codes used by mobile payment services were exclusive to themselves; a QR code issued by one service could not be used by another. On 16 August 2019, by the ratification of Board of Governor Decree No. 21/18/PADG/2019 on the Implementation of Quick Response Code National Standard for Payment Purpose, BI announced integration of cashless payment methods and services.{{Cite web|last=Sugianto|first=Danang|title=BI Terbitkan Pedoman Aturan Standar QR Code Indonesia|url=https://finance.detik.com/moneter/d-4674496/bi-terbitkan-pedoman-aturan-standar-qr-code-indonesia|website=detikfinance|language=id-ID|access-date=2020-12-15}} This standard, named Quick Response Code Indonesia Standard (QRIS), was launched on the 74th anniversary of Indonesia's Independence Day.{{Cite web|last=Mediatama|first=Grahanusa|date=2019-08-12|title=BI pastikan standardisasi QR code akan meluncur pada HUT Kemerdekaan RI|url=http://keuangan.kontan.co.id/news/bi-pastikan-standarisasi-qr-code-akan-meluncur-pada-hut-kemerdekaan-ri|website=kontan.co.id|language=id|access-date=2020-12-15}} Payment services were required to implement QRIS by 1 January 2020.{{Cite web|last=Mediatama|first=Grahanusa|date=2019-08-14|title=Mulai jalan 1 Januari 2020, begini ketentuan BI terkait QR code|url=http://keuangan.kontan.co.id/news/mulai-jalan-1-januari-2019-begini-ketentuan-bi-terkait-qr-code|website=kontan.co.id|language=id|access-date=2020-12-15}}

During the start of COVID-19 pandemic in Indonesia, many small and large businesses in Indonesia registered their stores to obtain a QRIS-compliant QR code to accommodate increasing demand of online transactions and reduce the spread of COVID-19 from banknotes and coins. Secretary of Ministry of Cooperatives and SMEs of The Republic of Indonesia, Rully Indrawan, stated that by using QRIS, merchants "...could develop their credit profile, which in turn increases their chance to get funding loans. [...] Each transaction can also be documented and directly transferred to merchant's bank account, which helps prevent robbery and distribution of counterfeit money."{{Cite web|title=Pandemi Covid-19 Jadi Momentum UMKM Terapkan QRIS|url=https://www.tribunnews.com/bisnis/2020/09/21/pandemi-covid-19-jadi-momentum-umkm-terapkan-qris|website=Tribunnews.com|language=id-ID|access-date=2020-12-15}}

According to BI, by October 2020, QRIS had been implemented by 3.6 million small and micro businesses in Indonesia.{{Cite web|title=3,6 Juta UMKM Telah Menggunakan QRIS|url=https://pasardana.id/news/2020/10/7/3-6-juta-umkm-telah-menggunakan-qris/|website=pasardana.id|language=id|access-date=2020-12-15}} QRIS has also been implemented in several tourist attractions{{Cite web|title=Berwisata dan Belanja Nontunai dengan QRIS|url=https://jatengprov.go.id/beritadaerah/berwisata-dan-belanja-nontunai-dengan-qris/|language=en-US|access-date=2020-12-15}} and public transport ticketing apps.{{Cite web|date=2020-10-31|title=Dengan QRIS, KAI Access Terima Pembayaran Dompet Digital|url=https://republika.co.id/share/qj2bue349|website=Republika Online|language=id|access-date=2020-12-15}}{{Cite web|date=2020-09-25|title=Bayar Tiket Trans Batam Terintegrasi dengan Sistem QRIS {{!}} Sumatra Bisnis.com|url=https://sumatra.bisnis.com/read/20200925/534/1296662/bayar-tiket-trans-batam-terintegrasi-dengan-sistem-qris|website=Bisnis.com|access-date=2020-12-15}}

By October 2023, the number of QRIS merchants had already reached 29.6 million, along with 43.44 million users, with 92 percent of the merchants being MSMEs.{{Cite web|date=2023-11-25|title=Hingga Oktober Jumlah Merchant QRIS 29,6 Juta, Bank Indonesia: 92 Persennya UMKM|url=https://bisnis.tempo.co/read/1801217/hingga-oktober-jumlah-merchant-qris-296-juta-bank-indonesia-92-persennya-umkm|website=Tempo.co |language=id-ID|access-date=2023-12-03}}

On March 2025, NFC-based QRIS payments, branded as QRIS Tap, was launched by Bank Indonesia.{{cite news |title=QRIS Tap revolutionizes payments: 0.3 seconds for transactions |url=https://en.antaranews.com/news/348457/qris-tap-revolutionizes-payments-03-seconds-for-transactions |access-date=9 April 2025 |work=Antara News |date=14 March 2025 |language=en}} The standard was developed to improve the slow transaction speed of QR code payments. QRIS Tap is initially available to Android phones, with iOS support in the future.{{cite news |last1=Kristianus |first1=Arnoldus |title=Bank Indonesia Trials QRIS Tap, A Faster Contactless Payment System |url=https://jakartaglobe.id/business/bank-indonesia-trials-qris-tap-a-faster-contactless-payment-system |access-date=9 April 2025 |work=Jakarta Globe |date=14 March 2025}}

United States Trade Representative in their 2025 Foreign Trade Barriers report highlight that QRIS along with other monetary policies enacted by Bank Indonesia are limiting American payment options.{{Cite web |title=2025 National Trade Estimate Report on FOREIGN TRADE BARRIERS of the President of the United States on the Trade Agreements Program |url=https://ustr.gov/sites/default/files/files/Press/Reports/2025NTE.pdf |access-date=20 April 2025 |website=United States Trade Representative}} According to the report, U.S. companies, including payment providers and banks, noted concern that during BI’s QR code policymaking process, international stakeholders were neither informed of the nature of the potential changes nor given an opportunity to explain their views on such a system, including how it might be designed to interact most seamlessly with existing payment systems.{{Cite web |last=Arini |first=Shafira Cendra |title=Negosiasi Tarif Resiprokal, AS Soroti Penggunaan QRIS dan GPN di Indonesia |url=https://www.detik.com/bali/bisnis/d-7876274/negosiasi-tarif-resiprokal-as-soroti-penggunaan-qris-dan-gpn-di-indonesia |access-date=2025-04-20 |website=detikbali |language=id-ID}}

{{Reflist}}

• {{URL|https://www.bi.go.id/QRIS/default.aspx|QRIS on Bank Indonesia's official website}}
• {{URL|aspi-qris.id|Official website of QRIS}}

{{Economy of Indonesia}}

{{Payment service providers}}

Category:Digital currencies

Category:Indonesian brands

Category:Online payments

Category:2019 establishments in Indonesia

Category:Barcodes

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