BI Targets QRIS Expansion to 12 Million Merchants in 2021

Jakarta: Bank Indonesia  (BI) is committed to expanding use of Quick Response Code Indonesian Standard (QRIS) to 12 million merchants in 2021 in order to support the national economic recovery program.  
 
"This is consistent with BI efforts to support the Government through the National BBI Movement (Proud of Indonesian Made) and Proud to Travel Indonesia (GBWI)," said BI Communication Department Head Erwin Haryono said in a press release on Wednesday.
 
In 2020, a total of 6 million merchants in 34 provinces and 480 regencies/cities, 85% of which were MSMEs, were using QRIS, supported by infrastructure from 52 licensed payment system service providers.  

That achievement was made possible through the support and synergy of many parties, including the central and regional governments, Indonesia Payment System Association (ASPI), payment system service providers, other relevant authorities and the public. 
 
"Strong triangular collaboration between Bank Indonesia, the Government and industry, centrally and regionally, is accelerating digital transformation in Indonesia," he stated. 
 
During the Covid-19 pandemic, in conjunction with the Indonesia Payment System Association (ASPI) and payment system service providers, Bank Indonesia is developing contactless QRIS (QRIS TTM).  
 
Consumers will only need to request a QRIS code from the merchant and save it on their device’s photo gallery.  When it is time to transact, the consumer simply opens the payments application, selects the upload menu from the gallery, selects the QRIS code, enters the value, checks the name of the merchant, enters the PIN and pays. QRIS TTM can also be used for contactless online shopping.
 
QRIS is also now accepted as a payment method in various sectors, thereby increasing economic efficiency.  The benefits are not merely limited to retail transactions, traditional and modern markets and universities, QRIS can be used for travel (e-ticketing), education, pesantren, transportation, parking, e-retribution as well as social and religious donations. Existing QRIS implementation in various sectors for payment transactions has provided numerous benefits, including greater economic efficiency, financial inclusion, industry competitiveness and the advancement of SMEs.
 
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