Cross-border QRIS in neighboring countries 🌏🤝 hits Rp1.66 trillion 💸📊
Expansion to Japan & China set to boost SMEs and tourism ✈️
The Main Takeaway
As of June 2025, cross-border QRIS transactions reached Rp1.66 trillion 📊💳 across Thailand, Malaysia, and Singapore 🌏🤝
Japan officially joined in August 2025 🇯🇵, with China 🇨🇳, India 🇮🇳, South Korea 🇰🇷, and Saudi Arabia 🇸🇦 following suit. 🚀
Why It’s on Our Radar 🚨
QRIS offers a fast, practical, and low-cost payment option ⚡💸 for travelers and SMEs.
It also enables direct local currency transactions 💱 — without relying on the US dollar as an intermediary.
What’s at Stake ⚖️
A successful expansion 🚀 could open international markets for Indonesian SMEs, boost tourism, and reduce dollar dependence.
However, risks remain ⚠️: digital fraud, internet reliance, and a 0.7% administrative fee may pose challenges to small businesses.
The Big Picture 🌏
Over 30 million SMEs are now connected to QRIS, with Gen Z making up the largest user base (27.94%). 📊
The initiative aligns with BRICS’ agenda to strengthen local currency use in global trade. 💱🌐
Why this Hits Home 🏠
For young travelers, QRIS means no more hassle exchanging cash when visiting Japan, Malaysia, or Singapore. 🌏💳
For SMEs, recorded transactions create stronger credit histories and easier access to financing. 📊
The regional stakes 🌐
As QRIS expands into East Asia and the Middle East, Indonesia could become a digital payment pioneer, driving greater economic integration across the region. 🌐💳
Beyond the headlines ℹ️
Transaction cap raised to Rp10 million (from Rp2 million). 💰
Risks include fake QR codes and admin costs that may burden micro businesses. ⚠️
BI aims to position QRIS as the main bridge for cross-border tourism and SME trade. 🌉
Need More Angles?
ANTARA Promote QRIS digital payment among Malaysia, Singapore tourists
Tempo Transaksi QRIS di Malaysia, Singapura, dan Thailand Tembus Rp 1,66 T
Digivestasi BRICS Indonesia-China Uji Coba Pembayaran QR Code, Tinggalkan Dolar AS!
Dipstrategy QRIS Meresahkan: Tembus Pasar ASEAN & Dukung UMKM Go Digital
(VBD/QOB)