The Quick Response Code Indonesian Standard (QRIS) is extending its reach to Singapore, marking a significant milestone in regional economic integration.
Bank Indonesia (BI) propels the QRIS initiative to Singapore, facilitating effortless transactions for tourists and citizens alike, and further enhancing Southeast Asia’s digital connectivity.
QRIS interconnectivity now spans three countries, with Singapore as the latest addition to a growing network that includes Malaysia and Thailand.
BI Governor Perry Warjiyo champions this move as a driver for economic growth and digital payment acceleration in the ASEAN region.
The initiative underlines BI’s commitment to financial digitalization both domestically and across borders.
A trial phase has ensured QRIS is ready for a smooth rollout, promising a unified retail transaction experience across multiple countries.
Future expansions hint at a broader Asian alliance, with talks of India, Japan, China, and South Korea joining the QRIS network.
The adoption of QRIS simplifies commerce, signaling a shift towards a more interconnected and efficient ASEAN marketplace.
Singapore is set to join the QRIS platform, allowing users to make simple and secure payments by scanning a QR code, enhancing the shopping experience across Indonesia, Malaysia, Thailand, and now Singapore, starting November 17th.
Source : Batam Pos, CNN Indonesia (2023)
