QR code standards to be implemented by Indonesia later this year

QR Code Standards - quick response codes

Bank Indonesia wants higher interoperability between various providers of payment solutions. Bank Indonesia (BI), Indonesia’s central bank, is presently conducting a trial to establish QR code standards for the country’s various payment system providers. QR codes are starting to be used by the country’s citizens for mobile payments. Called QRIS (Indonesian Standard QR Code), Bank Indonesia’s QR code standards trial is about developing one code to be used by multiple payment system providers at every merchant. The bank believes that the standardization of the quick response code will result in…

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QR codes help Indonesian merchants make sales

QR codes smartphone

These quick response codes are helping to make mobile payments possible for sellers and consumers. Among the largest challenges to the technology environment in Indonesia is in its mobile payments ecosystem, as 99 percent of transactions are currently conducted in cash, although the use of QR codes could soon make a notable change to that figure. Using smartphones for completing transactions may soon make it more possible for Indonesians to use cashless payments. There has been a considerable amount of thought given to ways to help to adopt mobile payments…

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