In the spirit of celebrating the 78th birthday of the Republic of Indonesia on August 17, Bank Indonesia (BI) has taken a big step by launching its latest innovation, namely QRIS Tuntas. This is a concrete demonstration of Bank Indonesia’s determination to repeatedly develop QRIS functions consistent with the Payment System Blueprint (BSPI) 2025. The principal goal is to speed up economic inclusion and digital finance while sustainably supporting economic stability and growth.
BI Governor Perry Warjiyo said QRIS Tuntas is a revolutionary solution that enables people to conduct a spread of economic transactions without having to depend on the physical presence of ATMs. With QRIS Tuntas, users can easily make money transfers and withdrawals by simply scanning the QRIS code through payment applications connected to varied payment service providers (PSPs) of banks and non-bank institutions.
Perry Warjiyo added that QRIS Tuntas also offers other progressive features. Users can use the source of funds from the e-money server database and receive notifications about each transaction, ensuring transparency and security at every stage of the transaction.
The QRIS Tuntas launch event, which was attended by Perry Warjiyo on the BI Complex on August 17, 2023, also revealed the nice mission behind this innovation. QRIS Tuntas is predicted to have the opportunity to advertise financial inclusion in any respect levels of society, especially within the distant, most distant and underdeveloped (3T) areas of Indonesia. By providing broader digital access, QRIS Tuntas becomes a very important bridge connecting individuals with modern financial services.
Moreover, one in every of the necessary facets highlighted by Perry Warjiyo is the cheaper service charges at QRIS Tuntas. He compared the Rp 6,500 transfer fee at QRIS Tuntas with ATM transaction fees that reach Rp 7,500 and agent money withdrawal fees that range from Rp 10,000 to Rp 20,000. Perry Warjiyo firmly stated that it is a sort of gift from BI to the community, upholding the principle of fairness in financial access.
QRIS TUNTAS will probably be implemented from September 1, 2023 to no later than November 30, 2023 for payment service providers (PJPs) which have met the necessities to develop this feature.
