Bank of Indonesia published an update from the opening of the Indonesia Digital Economy and Finance Festival and Indonesia Fintech Summit & Expo 2025, highlighting rapid growth in digital payments and announcing new initiatives to deepen adoption. Key launches at the event included the Tap In-Tap Out feature of QRIS TAP across five transportation modes and parking facilities, and a QRIS Cross-Border sandbox between Indonesia and South Korea to strengthen cross-border payment connectivity. The release reported nearly 60 million QRIS users, with around 93% of users being micro, small and medium enterprises. In the third quarter of 2025, digital payment transaction volume reached 12.99 billion, up 38.08% year on year, while implementation of the Indonesia Payment System Blueprint 2025 was cited as supporting growth in national digital transactions to IDR 59.4 thousand trillion, around three times Indonesia’s GDP; the event also reiterated the importance of governance, consumer protection, security and digital literacy alongside innovation. FEKDI x IFSE 2025 was set out as a three-day programme, moving from government and authority coordination on day one, to authority and industry collaboration on day two, and frontier innovation showcases and idea-sharing on day three.
Bank of Indonesia 2025-11-04
Bank of Indonesia launches QRIS TAP Tap In Tap Out for transport and unveils a QRIS cross-border sandbox with South Korea at FEKDI x IFSE 2025
Bank of Indonesia highlighted rapid digital payment growth at the Indonesia Digital Economy and Finance Festival and Indonesia Fintech Summit & Expo 2025, announcing initiatives like the QRIS TAP feature for transportation and a QRIS Cross-Border sandbox with South Korea. Nearly 60 million QRIS users were reported, with digital payment transactions reaching 12.99 billion in Q3 2025, a 38.08% year-on-year increase. The event emphasized governance, consumer protection, security, and digital literacy as crucial alongside innovation.