The figure increased quite significantly as compared to 2021Jakarta (ANTARA) - Bank Indonesia (BI) recorded that as many as 133 thousand merchants in Riau Islands Province have utilized the Quick Response Code Indonesian Standard (QRIS) as of March 2022.
QRIS is the national QR code standard for facilitating payments using QR codes in Indonesia.
"The figure increased quite significantly as compared to 2021," BI Governor Perry Warjiyo stated virtually at the opening of Riau Islands' Proud of Indonesian Products National Movement (Gernas BBI), Proud to Travel in Indonesia campaign (BWI), and Gebyar Melayu Pesisir (GMP) programs here on Wednesday.
To this end, he invited the BI Representative Office in Riau Islands to expand the utilization of QRIS and BI-FAST in a bid to accelerate MSMEs' transaction process in the country.
Related news: BI targets 15 million merchants to utilize QRIS in 2022
Usually, he said, MSMEs need at least two days until the money from the sale is transferred to the account, but with BI-FAST, the money received by MSMEs will go directly to the account immediately.
The central bank also continues to expand the use of QRIS by targeting an additional 15 million merchants using QRIS in 2022. This figure increased from the previous year's target of 12 million merchants.
To this end, Warjiyo assessed that digital transformation also serves as a support for MSMEs in the country.
Related news: Over 15 million merchants using QRIS: Bank Indonesia
"This makes MSMEs to not only go export but also go digital," he affirmed.
The BI governor expressed hope that the Gernas BBI and BWI programs would serve as a solid collaboration to unite various activities, such as seminars, discussion forums, promotion of tourism, investment, and trade, as well as business matching, including dissemination and education to the public.
BI continues to support the success of Gernas BBI and BWI as a joint effort and synergy to support the advancement of MSMEs as well as invite the community to support local products to enter the global market.
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Translator: Agatha Olivia, Raka Adji
Editor: Fardah Assegaf
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