BI: Number of MSMEs Using QRIS Hits 26-Million

Bank Indonesia (BI) have announced that around 26-million Micro, Small, and Medium Enterprises (MSMEs) have adopted the Quick Response Code Indonesian Standard (QRIS) as a payment method, according to reporting from Antara News.

The central bank is targeting to raise the number of QRIS users to 45-million this year, BI’s Deputy Governor, Doni Prumanto Joewono, said. So far, the number of users has reached 36-million, and 26-million of them are MSMEs.

He made the statement after opening the “Rupiah Borobudur Playon: Run for Charity” event, which was organized as part of the 2023 Angkringan Digital event held on July 7–8, 2023, at the Borobudur Temple Complex, Magelang, Central Java, say Antara News.

According to him, BI has continued to make efforts to get more MSMEs to utilize QRIS as a campaign to promote non-cash payment systems, especially among MSMEs in the tourism sector. “Of course, we hope all (MSMEs) will use QRIS,” he said.

Antara News report that the QRIS digital payment system is easy to use and provides convenience to people and MSME players because the money from the transactions goes straight to the account, he explained. According to him, the total number of transactions using QRIS is targeted to reach 1-billion by the end of December 2023.

BI is also cooperating with neighbouring countries, namely Thailand and Malaysia, in QRIS utilization through QRIS Cross-Border to make it easier for tourists to carry out transactions, say Antara News.

Head of the Central Java Representative Office of BI, Rahmat Dwisaputra, said that so far, 2.3-million MSME players in Central Java have utilized QRIS and according to him, the representative office is targeting to attract 2.3-million new QRIS users in 2023.

“So far, it has reached 931,000 new users, based on the counting in last May,” he added.

As for QRIS transactions in Central Java, the representative office is targeting to bring the total number of transactions to 70-million. So far, the number of transactions has reached 38.3-million.

Source: Antara News

Stock image by Fauzan on Unsplash

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