List Of Countries That Receive QRIS Payments And How To Use Them

Illustration of QRIS (Intermediate Doc)

YOGYAKARTA Bank Indonesia continues to accelerate the acceleration of digital acceleration for the advancement of the national economy and finance, one of its businesses is to launch the Cross-Border QR Payment Linkage or QRIS Antarnegara payment system. There are several countries that accept QRIS payments, making it easier for consumers and traders to make transactions.

There are various advantages that people get when using QRIS, namely ease of transaction, cheaper, and of course cheaper. The countries that receive QRIS payments are as follows.

The collaboration between Bank Indonesia (BI) and the Bank of Thailand (BoT) makes it easier for tourists from Indonesia who want to travel to the country. The trial phase has been running since August 17, 2021.

BI Governor Perrry Warjiyo explained that QRIS can be used in full in Thailand for various transactions. Indonesian tourists can shop, travel, and make payments in MSME trade in the country.

People in Thailand also do not need to use foreign money or value, just scan/scan barcodes.

Bank Indonesia (BI) is also collaborating with the Monetary Authority of Singapore (MAS) to provide payments via QRIS in Singapore. However, the plan to launch this payment system will be carried out in the second half of 2023.

"The cooperation is targeted to be launched in the second half of 2023 and is expected to facilitate users in making retail payments instantly, safely and efficiently by scanning the QRIS (Quick Response Code Indonesian Standard) code or NETS QR code displayed by merchants," said BI Governor Perry Warjiyo in a press statement, quoted Tuesday, August 30.

Payment through QRIS is also available in neighboring countries, Malaysia. Even trials have been carried out as of January. This system is due to cooperation between BI and the Malaysian central bank (Bank Negara Malaysia/BNM).

In this way, the Indonesian and Malaysian people can make retail payments with QRIS or the Malaysian Payment QR Code, namely DuitNow, at offline or online merchants.

The Philippines will also soon implement QRIS payments. Currently, Bank Indonesia and the central bank of the Philippines (Bangko Sentral ng Pilipinas/BSP) are working on the cross-border QRIS use system.

The QRIS payment method is being tested, and Thailand is the first country. For those of you who want to make transactions in Thailand with QRIS, here are the steps.

For information, QR code payments made with ASEAN-based cross-border systems will use the settlement of local currencies between countries, so there is no need to convert them through USD first. Thus, users can minimize the cost of an additional minimum with maximum results.

BI is currently targeting ASEAN countries. In fact, BI targets Saudi Arabia as a country that provides QRIS to facilitate Indonesian pilgrims who perform Umrah and Hajj. That way pilgrims can more easily make any payment.

In addition to countries that accept QRIS payments, get the latest information about banking and finance by monitoring VOI.ID's websites and social media.