Bank Indonesia’s Soft Responses to the US Concerns over QRIS

There are concerns over Indonesia’s mandatory use of the QRIS for all QR-based payments from American firms.

Bisnis.com, JAKARTA — Bank Indonesia has signaled a soft response to working with the United States on the use of domestic payment systems, including the Quick Response Code Indonesian Standard (QRIS) and the National Payment Gateway or GPN, rather than addressing U.S. concerns over their implementation.

BI Senior Deputy Governor Destry Damayanti said cross-border cooperation in QRIS and the BI-Fast payment system hinges on each country's technical and regulatory preparedness.

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