Tag: Bank Indonesia

Bank Indonesia officially launches national QR code payments standard

Sam Lambert
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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QR code standards to be implemented by Indonesia later this year

Stephanie Beck
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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