QRIS is a payment method used in Indonesia. It is a digital payment system based on QR codes. QRIS stands for “Quick Response Code Indonesian Standard.” This payment method was developed by Bank Indonesia, the country’s central bank, with the aim of facilitating electronic transactions and promoting financial inclusion.
The QRIS system allows users to make payments by simply scanning a QR code with their mobile phone. The QR code contains the necessary information to complete the transaction, including merchant details and the payment amount. Consumers can use their bank’s mobile application or any other QRIS-compatible e-wallet to make the payment.
One of the advantages of the QRIS payment method is its interoperability, which means it can be used with different applications and by different banks. This makes it easier for users of different payment platforms to transact with each other.
QRIS has been widely adopted in Indonesia and is used in various contexts such as retail stores, restaurants, public transportation, and even charitable donations. It has helped reduce reliance on cash payments and has driven the adoption of electronic payments in the country.