Indonesia to implement QR Code standards by second half of the year

Indonesia’s central bank, Bank Indonesia (BI), is currently conducting a trial for QR Code standardization named QRIS (Indonesian Standard QR Code). Although QR codes are already beginning to be used by the public for mobile payments, the QR Code payment system does not yet have standards in Indonesia. BI hopes to see an implementation of the new standard immediately, considering the use of mobile payments will continue to rise. With the QRIS, one code can be used by various payment system providers at every merchant.