Will QRIS help deliver the promises of digitization to small and micro-merchants in Indonesia?
Quick Response Code Indonesian Standard (QRIS) is the first experience using a digital financial service (DFS) for many micro-merchants in Indonesia. The blog explores what other DFS and nonfinancial services would benefit these merchants just beginning their digitization journey.
Strengthening the digital ecosystem: Expanding the adoption of Quick Response Code Indonesian Standard (QRIS) among MSMEs in Indonesia
In 2019, Bank Indonesia launched the Quick Response Indonesian Standard (QRIS) solution as part of its payment system vision for 2025 to encourage Indonesia’s 65 million MSMEs to adopt cashless payments. This blog explores challenges in the implementation of QRIS and offers recommendations to improve its uptake in Indonesia.