#Digital Payment
Indonesia eyes future QRIS expansion to Europe as digital payments surge
Indonesia is signaling that its national digital payment system ‒ Quick Response Code Indonesian Standard (QRIS) ‒ could one day be accepted in the European Union in line with the digital cooperation framework outlined in the Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA).
Crypto industry asks regulators to recognize stablecoin as legal under Indonesian law
Players in Indonesia’s cryptocurrency industry are calling on the Indonesian Central Bank (BI) and the Financial Services Authority (OJK) to recognize stablecoins as legal means of payment, citing the country’s Currency Law only recognizes the rupiah as legal tender and therefore making use of cryptocurrencies for payments prohibited.
BI to roll out QRIS payments in China by end of 2025
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.
BI expands QRIS to Japan, boosting cross-border payment connectivity
The Indonesian Central Bank (BI) announced the expansion of the Quick Response Code Indonesian Standard (QRIS), a payment platform beyond the ASEAN region, to Japan, coinciding with the 80th Anniversary of the Republic of Indonesia's Independence Day on August 17, 2025.