Indonesia

ISO ID · 3 schemes

Summary

QRIS is the unified national QR standard (2019)
56 million users and 38 million merchants (Q1 2025)
2.6 billion transactions in Q1 2025 alone
QRIS Tap (NFC) launched March 2025
92.5% of merchants are MSMEs

Banking landscape

Central Bank

Name: Bank Indonesia (BI)
Website: https://www.bi.go.id/
Role: Monetary policy, QRIS oversight, payment systems

Major Banks (2024)

Rank	Bank Name	Type	Digital Platform
1	Bank Mandiri	State-owned	Livin' by Mandiri
2	BCA	Private	myBCA
3	BRI	State-owned	BRImo
4	BNI	State-owned	BNI Mobile
5	CIMB Niaga	Private	OCTO Mobile

Market Structure

State Banks: Mandiri, BRI, BNI lead market
Private Leader: BCA (Bank Central Asia)
E-wallets: GoPay, OVO, Dana, LinkAja, ShopeePay
Digital Banks: Jago, Allo, Blu by BCA

2024-2025 Performance

226.54% surge in QRIS transactions (2024)
Strong MSME adoption
Cross-border expansion accelerating

Payment infrastructure

National Payment Systems

System	Operator	Type	Status
QRIS	BI/ASPI	Unified QR	Dominant
BI-FAST	BI	Real-time transfers	Active
RTGS	BI	Large value	Active
SKNBI	BI	Batch clearing	Active

QRIS Adoption Statistics

Metric	Q1 2024	Q1 2025	Growth
Users	48 million	56.3 million	+17%
Merchants	32 million	38.1 million	+19%
Transactions	-	2.6 billion	-

E-wallet Market

GoPay: Gojek ecosystem
OVO: Grab partnership
Dana: Ant Group backed
LinkAja: State-owned consortium
ShopeePay: E-commerce integration

QR code standards

QRIS (Quick Response Code Indonesian Standard)

Attribute	Value
Launch	2019
Operators	Bank Indonesia, ASPI
Format	EMVCo-aligned
Transactions (2024)	2.2 billion, Rp 242 trillion

QRIS Features

Single QR code for all payment apps
Supports bank accounts and e-wallets
Static and dynamic QR codes
Cross-border acceptance

QRIS Tap (March 2025)

NFC-based payment system
Faster than QR scanning
Android support (iOS planned)
Complements existing QRIS

MDR Fee Structure

Merchant Type	MDR Rate
Regular Merchants	0.7%
Micro (UMI) < Rp 500K	0%
Education/Government	0%
Social/Donations	0%

Cross-Border QRIS

Country	Status	Launch
Singapore	Active	Early adopter
Malaysia	Active	Early adopter
Thailand	Active	Early adopter
Japan	Active	August 2025
South Korea	MoU	August 2024
UAE	MoU	August 2024
China	Pilot	2025 target

Mobile payment apps

App	Provider	QRIS	Users
GoPay	Gojek	Yes	50M+
OVO	Grab	Yes	40M+
Dana	Ant Group	Yes	30M+
LinkAja	State	Yes	20M+
ShopeePay	Shopee	Yes	Large

Bank Mobile Apps

BCA Mobile/myBCA
BRImo (Bank Rakyat Indonesia)
Livin' by Mandiri
BNI Mobile Banking
OCTO Mobile (CIMB Niaga)

Schemes

Scheme	Type	Symbology	Adoption	Technical standard
QRIS	Unified QR	EMVCo	56M users	`qris`
QRIS Tap	NFC	EMVCo	New (2025)	`qris-tap`
BI-FAST	Real-time	ISO 20022	Growing	—

Sources

Full country report

ID-indonesia.md

Schemes

Standards

Primary · 2

Mentioned · 3