QRIS Transactions Rise Sharply To 157 Percent, Plastic Cards Fall

Illustration of QRIS (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) reported that the nominal Quick Response Code Indonesian Standard (QRIS) until November 2023 continued to increase by 157.43 percent year on year (yoy) or reached IDR 24.90 trillion. Where, the number of users is 45.03 million and the number of merchants is 30.12 million, most of which are MSMEs.

BI Governor Perry Warjiyo said that while the value of payment transactions using ATM cards, debit cards, and credit cards decreased by 0.39 percent (yoy). Although the transaction value is still much greater than QRIS, which is Rp662.39 trillion.

"In November 2023, the value of digital banking transactions was recorded at Rp5,163.76 trillion or grew by 13.21 percent (yoy). Meanwhile, the value of electronic money transactions (EU) increased 16.95 percent (yoy) to reach Rp41.30 trillion," he said at a press conference, Thursday, December 21.

Meanwhile, regarding the management of Rupiah money, the amount of Circulated Kartal Money (UYD) in November 2023 increased by 5.69 percent (yoy) to Rp988.40 trillion.

Perry emphasized that Bank Indonesia will continue to ensure the availability of sufficient Rupiah money, appropriate denominations, with quality maintained throughout the Republic of Indonesia through the Rupiah money distribution program to the Outermost, Frontier, Remote (3T) areas.

"As well as Mobile Cash Activities, Tipian Cash and Sovereign Rupiah Expeditions, including fulfillment for Christmas and New Year's (Nataru) needs," he concluded.