Jalin Highlights Potential Expansion of QRIS Cross-border Services at Indonesia Fintech Summit & Expo (IFSE) 2024

Jakarta – Supported by strengthened regulations and the government’s commitment through Bank Indonesia and the Financial Services Authority (OJK), Indonesia's fintech industry continues to show positive growth. The enactment of the Financial Sector Development and Strengthening Law (UU P2SK) has provided a robust foundation to drive profitability and professionalism within the sector. Strong synergies between fintech companies, financial institutions, supporting industries, and the government are expected to enhance financial inclusion and literacy in Indonesia, fostering a more inclusive and sustainable financial ecosystem.  

This momentum was in the spotlight at the Indonesia Fintech Summit & Expo (IFSE) 2024, held as the pinnacle event of National Fintech Month (BFN) 2024 on November 12-13 at The Kasablanka Hall. Carrying the theme “Technology Convergence: Shaping the Future of Finance and Beyond”, the event was initiated by the Indonesian Fintech Association (AFTECH) in collaboration with OJK, the Indonesian Joint Funding Fintech Association (AFPI), and the Indonesian Sharia Fintech Association (AFSI), with support from Bank Indonesia (BI). The summit brought together key stakeholders to discuss trends, challenges, and opportunities in accelerating Indonesia’s digital economic growth.  

One of the main highlights was the topic “QRIS: Indonesia's Passport to Global Payments”, which underscored the critical role of digital payment infrastructure in supporting cross-border transactions. On the second day of the event, Wednesday (November 13), Jalin joined Bank Indonesia, DANA, the Coordinating Ministry for Economic Affairs, the Indonesian Travel Agent Association (ASTINDO), and the Indonesian Payment System Association (ASPI), which moderated the session. Together, they shared insights on the future of QRIS Cross-border as a key solution for enhancing international transactions and driving Indonesia's integration into the global payment ecosystem.  

Director of Commercial Jalin, Eko Dedi Rukminto, emphasized that QRIS Cross-border represents a strategic step in connecting Indonesia’s payment ecosystem to global networks, particularly within the ASEAN region. “Jalin sees QRIS Cross-border as a bridge connecting Indonesia with the global payment network,” he stated. “Collaboration between the government, regulators, and industry players will enable the creation of a payment ecosystem that is not only inclusive but also efficient in supporting the growth of the regional digital economy.”  

QRIS Cross-border has been launched as part of Indonesia's vision to standardize international trade infrastructure and retail payment systems. This service is expected to establish a secure and competitive regional payment system standard while enhancing the efficiency of national cashless payment acceptance. As a key player in the national switching industry, Jalin has actively participated in developing QRIS Cross-border services in countries like Thailand, Malaysia, and Singapore, with plans for further expansion into other markets.  

The cross-border QRIS service is also designed to simplify payments for foreign tourists across various sectors, from airports and local transportation to restaurants, accommodations, and tourist attractions. Travelers can use QRIS to pay for visas on arrival at airports or enjoy seamless cashless payments in taxis, ride-hailing services, and souvenir shops, ensuring a more secure and efficient transaction experience.  

Eko expressed his hopes for the continued growth of QRIS Cross-border through collaboration among all stakeholders. With its vast potential, Jalin is committed to aligning with government directives and visions to expand cross-border transaction access and support the acceleration of digital economic growth. “As a country that has developed its own QR code standard through Bank Indonesia’s initiative alongside the payment system industry, Indonesia serves as a model for global payment systems,” Eko concluded.