Bank Indonesia to Enhance QRIS Network to Boost Global Financial Connectivity
1 report, 1 independent
Updated Sat 00:00
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What happened
Bank Indonesia announced plans to enhance the national QRIS payment network within Indonesia. Senior Deputy Governor Aida S. Budiman stated that this expansion is vital for driving economic productivity while navigating global economic headwinds and market volatility. The goal is to improve the ease of transaction to boost tourist spending in Indonesia.
From antaranews.com
Why it matters
The move focuses on how payment convenience can drive consumption, allowing foreign tourists to make spontaneous purchases at various locations. This initiative aims to leverage the potential of digital financial connectivity to support the national tourism sector.
From antaranews.com
Who's involved
- Bank IndonesiaCentral bank of the Republic of Indonesia, leading the payment network expansion.
- IndonesiaIsland country in Southeast Asia and Oceania where the QRIS network operates.
Keep exploring
The entities involved
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Bank Indonesia
central bank of the Republic of Indonesia
- Prabowo Subianto's policies are rattling investors in Indonesia, while Bank Indonesia manages currency stability amid global inflation.
- Indonesian products are gaining traction with Japanese consumers, supported by ministry efforts to promote brands in Singapore and strengthening payment connectivity.
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Indonesia
island country in Southeast Asia and Oceania
Related events
- Bank Indonesia has established payment links for cross-border transactions, utilizing QRIS to manage inbound payment trends with partners including Singapore and Thailand.
- The Central Bank of Indonesia (BI) is driving Islamic economic policy to support national growth in Indonesia.
- PT Bank Mandiri Persero TBK, one of Indonesia's largest banking groups, was noted on June 6, 2026.
- Bank Indonesia is supporting Micro, Small, and Medium Enterprises (MSMEs) through its regional office presence in Lampung.
- Central bank manages national payment infrastructure in Indonesia.