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[SITUATION] · [QUIET] · [BUSINESS]

18 clusters · 78 sources · 99 days · First seen 4 months ago · Last updated 9 days ago

Indonesia QRIS adoption and cross-border growth

Overview

Bank Indonesia continues to report rapid growth in the QRIS cashless system. By mid-2026, the ecosystem served approximately 65.77 million users and 44.86 million merchants, with transaction values reaching Rp1.12 quadrillion in the first half of the year—a 93.92% year-on-year increase. Of the participating merchants, approximately 96.68% are MSMEs. To drive adoption, Bank Indonesia announced an expansion of the 0 percent Merchant Discount Rate (MDR) effective 1 October 2026, applying to all categories for transactions up to 100,000 IDR, and to micro-enterprises (UMI) for transactions up to 500,000 IDR. Supporting merchants, Paylabs introduced ‘Soundbox on App’ to provide real-time voice notifications for transaction verification without extra hardware. Parallel to the QRIS expansion, Bank Indonesia is developing a Digital Rupiah and has entered the experimental stage for cross-border transactions. The central bank has also obtained a fatwa from the National Sharia Council regarding the permissibility of digital currency and stablecoins. Cross-border connectivity has expanded to include Thailand, Malaysia, Singapore, Japan, South Korea, and China. As of October 2026, Bank Indonesia Governor Destry Damayanti has entered discussions with the central bank of India to realize similar cross-border payment capabilities to facilitate transactions for tourists. The bank has also signed a Memorandum of Understanding with the Hong Kong Monetary Authority to discuss cooperation. Domestic QRIS usage has since grown to 67 million users and 46.7 million merchants. Governor Damayanti has advised users to remain vigilant by verifying recipient names to prevent errors, noting that technological adoption must be accompanied by heightened consumer awareness and strong security systems. Recent developments show the QRIS cross-border system (QRIS Antarnegara) receiving the ‘50-in-5 Awards 2026’ at the UN General Assembly. Connectivity is expanding to include Timor-Leste and Hong Kong, following a signed agreement between Bank Indonesia and the Central Bank of Timor-Leste to explore payment connectivity.

Entities

Bank Indonesia · QRIS · Destry Damayanti · Indonesia · Filianingsih Hendarta

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Bank Indonesia expanded the 0% Merchant Discount Rate (MDR) for QRIS transactions up to Rp100,000 to all merchant categories.
[● 2 SOURCES] Micro enterprises (UMI) will maintain a 0% MDR for QRIS transactions up to Rp500,000.
[● 6 SOURCES] Bank Indonesia and the Indonesian Payment System Association (ASPI) launched the Indonesian Credit Card (KKI) for the retail segment.
[● 3 SOURCES] The expanded 0% MDR QRIS policy is set to take effect on October 1, 2026.
[● 3 SOURCES] The Indonesian Credit Card (KKI) is available in both digital and physical formats.
[● 2 SOURCES] Seven banks—BCA, Mandiri, BNI, BRI, CIMB Niaga, Permata, and Bank Mega—along with BSI, have been appointed as the initial issuers of the KKI.
[● 2 SOURCES] Average foreign tourist spending in Indonesia has dropped from nearly USD 1,400 to below USD 1,300.
[○ 1 SOURCE] Foreign tourist arrivals increased from 11.68 million in 2023 to 15.39 million in 2025.
[○ 1 SOURCE] Bank Indonesia is expanding cross-border QRIS to Timor-Leste and Hong Kong.
[○ 1 SOURCE] The cross-border QRIS system for Timor-Leste is expected to launch next year following sandboxing this year.
[○ 1 SOURCE] The Ministry of Creative Economy is collaborating with Bank Indonesia to strengthen cross-border payment connectivity via QRIS.
[○ 1 SOURCE] QRIS is currently linked with Malaysia, Singapore, Thailand, Japan, South Korea, and China.

Timeline

9 days ago

[BUSINESS] 2 sources
Bank Indonesia plans to use QRIS transaction data for MSME credit scoring
Bank Indonesia plans to use QRIS digital transaction data to help MSMEs build credit histories and access financing, addressing the lack of formal financial records among small businesses.
12 days ago

[BUSINESS] 2 sources
Bank Aceh and Bank Indonesia launch QRIS Soundbox in Aceh
Bank Aceh and Bank Indonesia have launched a QRIS Dynamic Soundbox initiative, the first BPD-BI partnership of its kind, to enhance digital payment security and efficiency for merchants in Aceh.
12 days ago

[BUSINESS] 4 sources
Indonesia digital wallet adoption reaches maturity, MarkPlus research shows
MarkPlus research shows 90.3% of Indonesian digital wallet users have over two years of experience, with QRIS being the most popular feature and ShopeePay leading in usage frequency.
24 days ago

[BUSINESS] 2 sources
Bank Indonesia expands QRIS cross-border reach to India
Bank Indonesia is expanding its QRIS cross-border payment system to India and exploring cooperation with Hong Kong, while urging domestic users to verify recipient names to prevent transfer errors.
about 1 month ago

[BUSINESS] 4 sources
Indonesia's digital payment ecosystem expands through QRIS and Digital Rupiah development
Indonesia's digital payment landscape is expanding rapidly, with QRIS users reaching 65.77 million by June 2026 as Bank Indonesia advances experimental stages for a Digital Rupiah.
about 1 month ago

[BUSINESS] 2 sources
Timor-Leste and Indonesia sign digital payment cooperation agreement
The Central Bank of Timor-Leste and Bank Indonesia signed an agreement to enhance digital financial innovation and cross-border payment connectivity, including the potential use of the QRIS Cross-Border system.
about 1 month ago

[BUSINESS] 7 sources
Indonesia expands digital payment connectivity and creative economy rankings
Indonesia is enhancing its digital economy through the ‘QRIS Star’ business ranking system and expanding its QRIS Cross Border payment network to more countries.
about 1 month ago

[BUSINESS] 9 sources
Bank Indonesia expands QRIS cross-border payments to boost tourism spending
Bank Indonesia is expanding cross-border QRIS payments to Timor-Leste and Hong Kong to combat declining foreign tourist spending and support the global expansion of Indonesia's creative economy.
about 1 month ago

[BUSINESS] 12 sources
Indonesia digital payments surge as QRIS cross-border transactions grow
Indonesia's digital payments surged 40.36% in August 2026, with QRIS transactions growing 67.22% and cross-border usage reaching Rp7.63 trillion in total value.
about 2 months ago

[BUSINESS] 12 sources
Indonesia financial sector sees banking closures and digital payment expansion
Indonesia sees diverse financial developments, including the closure of BPR Pasarraya Kuta, expanded QRIS digital payment adoption by ShopeePay and Netzme, and new agricultural financing in Bali.
2 months ago

[BUSINESS] 2 sources
QRIS digital payments reach 15 billion transactions in Indonesia
Indonesia's QRIS digital payment system reached 15 billion cumulative transactions by July 2026, with 67 million users and cross-border connectivity across six countries including Singapore and China.
2 months ago

[BUSINESS] 2 sources
QRIS digital payment adoption grows in Indonesia
QRIS digital payment adoption is growing in Indonesia, reaching 1.08 million users in West Sumatra and showing potential for religious philanthropy in Aceh based on perceived security and ease of use.
3 months ago

[BUSINESS] 51 sources
Bank Indonesia launches Indonesian Credit Card and expands QRIS 0% MDR
Bank Indonesia and ASPI launched the Indonesian Credit Card (KKI) for retail use. Additionally, a 0% MDR for QRIS transactions up to Rp100,000 will apply to all merchants starting October 1, 2026.
3 months ago

[BUSINESS] 2 sources
Bank Indonesia reports QRIS transaction value reaches Rp600.69 trillion
Bank Indonesia reports QRIS transactions hit 12.55 billion and value Rp600.69 trillion in H1 2026, with 66 million users and 44.86 million merchants, underscoring rapid cash‑less adoption.
3 months ago

[TECHNOLOGY] 2 sources
Indonesia expands QRIS digital payments for gaming and property tax
Indonesia's QRIS system now powers instant game top‑ups via platforms like Gamezi and enables digital payment of Jakarta's PBB‑P2 property tax with a 5 % early‑payment discount.
3 months ago

[BUSINESS] 2 sources
Bank Indonesia drives QRIS adoption and UMKM financing in Sulawesi
Bank Indonesia’s QRIS push in Sulawesi secured IDR 18.27 bn UMKM financing, over IDR 1.35 bn in sales, and clarified no consumer fees, boosting digital payments and credit access.
3 months ago

[BUSINESS] 2 sources
Bank Indonesia boosts digital payment adoption for UMKM in Sulawesi and East Java
Bank Indonesia’s regional offices reported rapid digital‑payment growth, with a creative‑sector market in Makassar and a 166% QRIS surge in Malang, positioning QRIS as a “golden bridge” for UMKM.
4 months ago

[TECHNOLOGY] 2 sources
Indonesia's QRIS usage rises, 65% of North Kalimantan public sector now digital
Bank Indonesia says 65% of North Kalimantan’s public sector now uses QRIS; nationwide QRIS has 63 million users and is set to reach 17 billion transactions by 2026.

Sources

ambon.tribunnews.com · antaranews.com · bandung24jam.republika.co.id · beautynury.com · beritajatim.com · bisnis.liputan6.com · bisniswisata.co.id · bukkzserc.hu · cenderawasihpos.jawapos.com · ceritaanda.viva.co.id · cnbcindonesia.com · correiodamanhacanada.com · daerah.sindonews.com · dailytimes.com.pk · disway.id · dulohupa.id · duta.co · economy.okezone.com · ekbis.harianjogja.com · ekbis.sindonews.com · en.antaranews.com · en.tempo.co · fimela.com · fintechnews.id · gelora.co · gerindra.id · globalcybernews.com · goodstats.id · gopos.id · halosemarang.id · harianjogja.com · industry.co.id · inews.id · insight.kontan.co.id · irri.org · jawapos.com · jpnn.com · jurnas.com · kareba-toraja.com · katadata.co.id · keuangan.kontan.co.id · koranaceh.net · langgam.id · lifestyle.liputan6.com · liputan6.com · m.jpnn.com · makassar.terkini.id · malang-post.com

This summary has been updated 28 times: see revision history