VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Head of Bank Indonesia’s Bali branch Trisno Nugroho stated, that the central bank had streamlined various instruments of the payment system policy, to boost non-cash payment transactions during the COVID-19 pandemic. As quoted by Antara, Nugroho remarked in Denpasar that among other things, Bank Indonesia has waived, the imposition of the Quick Response Indonesia Standard (QRIS) transaction fees, for traders in the micro business category. Nugroho noted that the validity period for the QRIS Merchant Discount Rate (MDR) of zero percent is from April 1, 2020, to September 30, 2020. Moreover, Nugroho highlighted that Bank Indonesia had reduced the cost of the Bank Indonesia Clearing System (SKNBI), from Rp3,500 to Rp2,900, which is the maximum fee charged by banks to customers. This policy is effective from April 1, 2020, to December 31, 2020//Ant