VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Bank Indonesia and Bank of Thailand launched a cross-border quick response (QR) payment system between Indonesia and Thailand in order to facilitate financial and economic transactions between the two countries. The pre-official launching of the international QRIS was held in Jakarta on Tuesday (17/08). On the occasion, Governor of Bank Indonesia, Perry Warjiyo thanked the Bank of Thailand because they have jointly realized the two countries' dream to connect the Quick Response Code Indonesian Standard (QRIS) and QR Thailand Standard to bring the economy forward.

Governor Perry said that with the cross-border QR, consumers and sellers in both countries can perform and accept instant payments for goods and services. Perry also stated that the pre-official launching of the cross-border QRIS is also a historical moment for Indonesia. This shows that Indonesia cannot stand alone. Instead, Indonesia must synergize and help each other for the nation's advancement.

At this stage, Indonesian users can use the cellular payment app to scan the Thailand QR codes. While Thailand users can also use their own apps to scan the QRIS. This is the first connection that links retail payment system operators in the two countries. So, this becomes a milestone in the ASEAN Payment Connectivity initiatives that aims to promote financial integrity in the region.

In this pre-official phase, Bank Indonesia hopes that there will be more banks and non-banks that participate while processing to the full commercial phase to be launched in the first quarter of 2022. Later, the service will be expanded to allow the users in two countries to perform a real-time fund transfer easily just by referring to the recipient's phone number.