The publish Indonesia and China launch pilot programme linking QR payment systems appeared first on TD (Travel Daily Media) Travel Daily Media.
Indonesia and China have collectively launched a pilot programme linking their QR code-based payment systems to spice up commerce and tourism.
This initiative marks the subsequent section of regional monetary integration, and it was introduced on Sunday, seventeenth August, simply as Indonesia marked the eightieth anniversary of its independence. It is marking a brand new step in regional monetary integration.
The programme is ready to hyperlink Bank Indonesia’s Quick Response Indonesian Standard (QRIS) system with China’s digital payment infrastructure.
The trial entails the Indonesian Payment System Association (ASPI), UnionPay International, and a number of native payment suppliers.
To date, agreements have been finalised with 4 ASPI members: Rintis Sejahtera, Alto Network, Artajasa, and Jalin.
All 4 will work with China’s UnionPay with regard to sandbox testing.
Evolving systems
QRIS has turn out to be Indonesia’s dominant cashless payment instrument, and officers see cross-border compatibility as a solution to enhance commerce, help small companies, and appeal to extra vacationers.
As of mid-2025, QRIS has famous a major improve when it comes to each person adoption and transaction quantity.
In Q2-2025, transaction quantity hit 6.1 billion, nearing the goal of 6.5 billion.
Likewise, the variety of customers has additionally grown to over 57 million.
According to Bank Indonesia governor Perry Warjiyo: “QRIS innovation continues to evolve to expand acceptance and support digital economic and financial inclusion. One such innovation is cross-border QRIS.”
The publish Indonesia and China launch pilot programme linking QR payment systems appeared first on Travel Daily Media.
Source link
