QRIS’s rapid growth, along with how the US feels threatened by it, shows huge potential for Indonesia’s digital finance. This can actually contribute to its bargaining position in the ...

TEMPO.CO, Jakarta - Bank Indonesia (BI) recorded that the number of merchants utilizing its Indonesian Standard Quick Response Code (QRIS) currently stood at 19 million since being launched on August ...

TEMPO.CO, Jakarta - Bank Indonesia or BI is expanding cooperation between QRIS Quick Response Code Indonesian Standard (QRIS) between countries to four new countries after Malaysia, Singapore, and ...

The QRIS transaction value in July 2023 amounted to Rp 18 trillion, an increase of 84.5 percent (yoy). The QRIS user target for 2023 is 45 million users.

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