The Indonesian Central Bank (BI) has confirmed that the expansion of its Quick Response Code Indonesian Standard (QRIS) payment service to China will be implemented by the end of this year. Deputy Governor of BI, Filianingsih Hendarta, said the system has entered its trial phase as of 17 August 2025.
“The system has entered its trial phase as of 17 August 2025Hopefully, God willing, by the end of the year we can implement Indonesia–China QR payments in both directions, inbound and outbound,” Deputy BI Governor, Filianingsih Hendarta, told BI’s August Board of Governors press conference on Wednesday, August 20, 2025.
She cited that BI is currently finalizing connections between Indonesia’s national switching providers − PT Rintis Sejahtera, PT Alto Network, PT Artajasa Pembayaran Elektronis, and PT Jalin Pembayaran Nusantara − and Union Pay International (UPI).
“Our switching with UPI involves two dominant ecosystems in China that control 88 percent of users and 80 percent of merchants,” she said.
The deputy governor noted that cross-border QRIS implementation requires several steps, starting from signing a central bank memorandum of understanding, securing agreements with industry players, developing interlinking systems, and running sandbox trials.
“Now we are in the final stage of sandbox testing, after which we will move to implementation,” she added.
Meanwhile, BI reported that Indonesia’s digital financial transactions remained robust in July 2025, supported by a secure and reliable payment system. The total value of digital payment transactions in July grew 45.30 percent year-on-year (yoy) to 4.44 billion transactions. QRIS usage showed even stronger growth, surging 162.77 percent yoy, driven by the rapid increase in users and merchants.
Already have an account? Sign In
-
Start reading
Freemium
-
Monthly Subscription
20% OFF$29.75
$37.19/MonthCancel anytime
This offer is open to all new subscribers!
Subscribe now -
Yearly Subscription
33% OFF$228.13
$340.5/YearCancel anytime
This offer is open to all new subscribers!
Subscribe now
Set up email notifications for these topics
