Quick Response Code Indonesia Standard (abbreviated as QRIS, the abbreviation being a play on

keris The kris, or ''keris'' in the Indonesian language, is an asymmetrical dagger with distinctive blade-patterning achieved through alternating laminations of iron and nickelous iron (''pamor''). Of Javanese origin, the kris is famous for its disti ...

, a traditional sword; id, Kode QR Standar Indonesia) is a

QR code A QR code (an initialism for quick response code) is a type of Barcode#Matrix (2D) barcodes, matrix barcode (or two-dimensional barcode) invented in 1994 by the Japanese company Denso#Denso Wave, Denso Wave. A barcode is a machine-readable optic ...

standard developed by

Bank Indonesia Bank Indonesia (BI) is the central bank of Indonesia, the Republic of Indonesia. It replaced in 1953 the Bank of Java ( nl, De Javasche Bank, DJB), which had been created in 1828 to serve the financial needs of the Dutch East Indies. History B ...

(BI) and Indonesian Payment System Association for

cashless payment In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immed ...

s in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

History

Before Bank Indonesia (BI) applied the standard, QR codes used by mobile payment services were exclusive to themselves; a QR code issued by one service could not be used by another. On 16 August 2019, by the ratification of Board of Governor Decree No. 21/18/PADG/2019 on the Implementation of Quick Response Code National Standard for Payment Purpose, BI announced integration of cashless payment methods and services. This standard, named ''Quick Response Code Indonesia Standard'' (QRIS), was launched on the 74th anniversary of Indonesia's Independence Day. Payment services were required to implement QRIS by 1 January 2020. During the start of

COVID-19 pandemic in Indonesia The COVID-19 pandemic in Indonesia is part of the ongoing worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). It was confirmed to have spread to Indonesia on 2 March 2020, after ...

, many small and large businesses in Indonesia registered their stores to obtain a QRIS-compliant QR code to accommodate increasing demand of online transactions and reduce the spread of COVID-19 from banknotes and coins. Secretary of Ministry of Cooperatives and SMEs of The Republic of Indonesia, Rully Indrawan, stated that by using QRIS, merchants "...could develop their credit profile which in turn increasing their chance to get funding loans. ..Each transaction can also be documented and directly transferred to merchant's bank account, as well as helps prevent robbery and distribution of fake money." According to BI, by October 2020, QRIS had been implemented by 3.6 million small and micro businesses in Indonesia. QRIS has also been implemented in several tourist attractions and public transport ticketing apps.

References

External links

* * Digital currencies Indonesian brands Online payments 2019 establishments in Indonesia Barcodes {{Payment service providers