Indonesia's QRIS Transactions Hit Rp 600.69 Trillion by June 2026

Bank Indonesia (BI) reported a significant surge in digital transactions through the Quick Response Code Indonesian Standard (QRIS) system, with volume hitting 12.55 billion in the first half of 2026. This represents a 100.12% increase compared to the same period in the previous year.

Filianingsih Hendarta, Deputy Governor of BI, highlighted QRIS as a "gateway for the digital economy and a game-changer for the national digital economy and finance." She noted that digital payments have become a daily habit for Indonesians. By the end of June 2026, the transaction value for QRIS reached Rp600.69 trillion, marking an 89.52% year-on-year growth. This trend indicates a growing comfort among the public in moving away from cash and embracing scan-based transactions via smartphones.

The QRIS system has expanded its reach considerably, now serving around 66 million users and being accepted at 44.86 million merchant locations across Indonesia. BI has set an ambitious target of 70 million users and 47 million merchants by the end of 2026, suggesting the mid-year achievement signifies strong momentum. The volume target for the full year is 17 billion transactions, and the first half's 12.55 billion already covers nearly three-quarters of this goal.

Crucially, a large portion of QRIS merchants are micro, small, and medium-sized enterprises (MSMEs) that previously faced challenges in accepting non-cash payments. The system's simplicity, requiring only a printed QR code, now enables even small vendors to accept payments from various banks and digital wallets. This has been instrumental in promoting financial inclusion, extending formal financial services to a broader segment of the population.