BI: 12 Million MSMEs Will Be Connected With QRIS

Illustration of QR Code Payment (unsplash)

JAKARTA - Governor of Bank Indonesia (BI) Perry Warjiyo is targeting 12 million Micro, Small and Medium Enterprises (MSMEs) to be connected to the QR Code Indonesian Standard (QRIS) payment instrument by 2021.

"Last year we connected 5.8 million merchants nationwide and almost all of them were MSMEs. Let us double this year so that 12 million MSMEs (merchants) are connected nationally with QRIS," said BI Governor Perry Warjiyo, as quoted from Between, Sunday, 17 January.

Perry said that by connecting with QRIS, MSMEs will begin to enter the digitization ecosystem that allows face-to-face transactions so that payments can take place quickly, easily, safely and reliably.

"I am sure that through digitalization, our MSMEs will advance to class, go digital, go export, and become the supporting capacity of our economy," he said.

Perry said that Bank Indonesia fully supports the Proud National Movement Made in Indonesia, including participating in campaigning for the movement at every event held both at home and abroad. In addition, BI, which has 1,200 MSME assisted throughout Indonesia, was displayed in the Indonesian Creative Works exhibition.

BI also exhibits UMKM in international events, including in 70 activities held by the institution. The use of QRIS is also considered to be able to increase easy payment access for MSME products

"InsyaAllah, UMKM will support our economic growth to become a strong pillar to support our sustainable economy," he concluded.