Transactions Through QRIS In February 2023 Reached IDR 12.28 Trillion

Illustration. (Photo: Doc. Bank Indonesia)

JAKARTA - Head of the Bank Indonesia Retail Payment System Policy Group, Fitria Irmi Triswati, said that public transactions using the QR Indonesia Standard (QRIS) had reached IDR 12.28 trillion with a transaction volume of 121.8 million.

"Bank Indonesia noted, until February 2023, the number of QRIS traders/mechants has reached 24.9 million with a total number of QRIS users of 30.87 million," he said at a press conference in Jakarta, quoted from Antara, Wednesday, April 12.

He said, as a payment channel, QRIS has a fast, easy, cheap, safe, and reliable advantage (CEMUMUAH) in facilitating the needs of public transactions in the digital era, both for the community and merchants.

The QRIS implementation, including payment applications used to make QRIS transactions, is equipped with security features that match best practices.

"Payment service providers (PJP) who intend to become QRIS organizers are also required to obtain approval from BI where aspects that must be met include system security, risk management, and consumer protection," he added.

BI also synergizes with industry and related parties to continue to improve education and literacy related to the security of QRIS transactions, as well as strengthen supervision of QRIS implementation, especially the fulfillment of aspects of Know Your Merchant and transaction monitoring.

BI will also strengthen supporting infrastructure for the QRIS ecosystem to mitigate the risk of misuse of QRIS or fraud.

"BI together with the payment system industry are also always open to input in order to continue to strengthen the quality of education and consumer protection conveyed by QRIS users, both the public and traders or merchants," he said.