Indonesia’s cross-border QRIS payment initiative has won the Collaboration category at the 2026 “50-in-5 Awards”, recognising its contribution to international digital financial infrastructure. The initiative, developed by Bank Indonesia with regional central banks and payment industry players, currently connects Indonesia’s domestic payment network with Thailand, Malaysia, Singapore, Japan, South Korea and China.
Inbound cross-border QRIS transactions in Indonesia reached 21 million operations valued at USD322 million between 2022 and July 2026. Outbound transactions by Indonesian travellers in partner countries totalled 4.67 million operations worth USD94 million. Bank Indonesia plans to expand QRIS integration to additional countries with strong trade, tourism and diplomatic ties.