Bank Indonesia officially launches national QR code payments standard

National QR Code Payments Standard Launched in Indonesia

The Quick Response Indonesia Standard (QRIS) code system has been released. Bank Indonesia (BI) has finally launched its national QR code payments standard, the QRIS code system. The goal of this system is to universalize cashless payment in the country. The system allows for a consumer to transfer funds from one payment system to any other within the BI ecosystem. As QR Code press reported back in April, Bank Indonesia, Indonesia’s central bank, had been working on conducting a trial to establish national QR code payments standards for the country’s…

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