Thursday, February 22, 2024 | 11:22 WIB

BI eyes QRIS use in Singapore before the end of the year

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Jakarta, IO – Bank Indonesia (BI) continues to expand the use of Quick Response Indonesia Standard (QRIS) in Asean countries. After implementation in Thailand and Malaysia, BI Deputy Governor Filianingsih Hendarta said she hoped it can be used in Singapore soon.

“Currently there is ongoing development from the technical side, so the implementation will be done in stages,” said Filianingsih, reported Republika, Friday (26/5).

Filianingsih said three of the four phases including user acceptance test has been completed. Thus, she envisioned QRIS can be implemented in Singapore by the end of the year.

BI also pursued the use of QRIS in Japan and China. The process is still in the initial meeting stage.

Read: Education Ministry Revokes Permits Of More Than A Dozen Of Higher Education Institutions

Filianingsih also confirmed that BI governor has signed an agreement with Bank of Korea. This will be followed up to the next stage of cooperation.

BI noted that merchants using QRIS in Indonesia has reached more than 25 million, while the number of users has increased to 32 million in March, up from 11.5 million merchants in 2021. (un)

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