There were 48 Million QRIS Users in March 2024

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Adi Ahdiat 08/07/2024 11:53 WIB

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According to data from the Indonesian Payment System Association, approximately 48 million consumers (users) were using QRIS in March 2024.

Number of QRIS Users in Indonesia (January 2022-March 2024)

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Number of QRIS Users in Indonesia (January 2022-March 2024)

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Based on data from the Indonesian Payment System Association (ASPI), approximately 48 million consumers (users) utilized QRIS in March 2024.

This figure represents a 50% year-on-year (YoY) increase and sets a new record high.

This surge in users coincides with a growing number of merchants accepting QRIS payments.

In March 2024, there were approximately 32 million QRIS merchants in Indonesia, a 28% YoY growth.

This growth in both consumers and merchants has driven a rise in transactions.

ASPI recorded a 199% YoY increase in QRIS transaction volume in March 2024, reaching 374 million transactions.

The total transaction value also grew by 223% YoY, reaching Rp 42 trillion.

QRIS is a digital payment facility from Bank Indonesia (BI). This facility allows merchants and consumers to conduct cashless transactions by scanning a QR code using a smartphone.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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