Indonesia – FinDeskAsia

Illustration of a QRIS payment code next to a rising credit score chart

October 27, 2026 FinDeskAsia

Indonesia: Bank Indonesia Plans to Use QRIS Payment Data to Credit-Score Small Firms

Bank Indonesia wants transaction records from QRIS, the country’s national QR payment standard, to help lenders judge the creditworthiness of small businesses. With about 71 million users and 49.4 million merchants, QRIS could give unbanked traders a route to formal loans, though no start date is set.

Illustration of an Indonesian QRIS code linking to Hong Kong and Timor-Leste

Cross-Border & Remittance

October 24, 2026 FinDeskAsia

Indonesia: Bank Indonesia to Trial Cross-Border QRIS With Hong Kong and Timor-Leste

Bank Indonesia will start sandbox trials of cross-border QRIS payments with Hong Kong and Timor-Leste in Q4 2026, adding to six live markets including Malaysia, as QRIS growth cools to 75.80% with 70.6 million users and 49.4 million merchants.

Illustration of a phone sending money across a dotted arc to a bank with a ringgit coin

Cross-Border & Remittance

October 18, 2026 FinDeskAsia

Maybank Indonesia Launches Fast Remittance With Nium, Puts Ringgit on Its Shortlist

Maybank Indonesia has launched Fast Remittance in its M2U ID app with Nium, starting with five currencies and a US$2.50 promo fee. The ringgit is on its list for the next phase. Here is what that could mean for Malaysia-Indonesia money flows.