Jakarta: Bank Indonesia (BI) will boost digitalization of the payment system for Micro, Small and Medium Enterprises (MSMEs) using the Quick Response Code Indonesian Standard (QRIS) through the National QRIS Week.
"Now, what we are doing fast is how the Indonesian payment system will digitize the largest segment of MSMEs, with 93.4 million, that have not been touched, not only for financial inclusion but also economic inclusion," BI Governor Perry Warjiyo stated here on Monday, March 9, 2020.
Warjiyo has invited banks, payment system associations, and other related parties to collaborate to back the efforts to digitize MSMEs.
According to Warjiyo, MSMEs are a source of economic growth and absorb significant labor in the midst of the era of declining globalization, specifically in the midst of the trade war and the Coronavirus outbreak that had impacted the economy.
Warjiyo pointed to some three million businessmen or merchants in the country using QRIS.
Through the National QRIS Week, he is optimistic of an increase in the number of businesses using the digital payment system.
To support this effort, the Central BI will hold a massive campaign, through 46 representative offices of BI in the country.
"This is a merchant that will become a source of new economics, sellers, and producers in traditional markets," he stated.
In addition to MSMEs, the tourism and retail sectors are the sources of strong economic growth in future. (Antara)
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