Qorus Banking Innovation Awards 2023 - Winner

Quick Response Code Indonesian Standard Antarnegara (QRIS Cross-Border)

Submitted by
premium
Q+
20/09/2023Banking Innovation

About

Cross-border QR Payments Linkage (“Cross-border Quick Response Code Indonesian Standard”) is a game changer in digital payments that revolutionizes cross-border payment connectivity. The initiative is a part of continued innovation of Quick Response Code Indonesian Standard (QRIS), the national standard of QR Code for payments. It provides faster, more efficient, safer cross-border payments using QR Code between Indonesia and counterpart countries to support cross-border trade, including the expansion of market access particularly for MSME, and tourism sector to bolster economic growth. Cross-border QRIS also promotes macroeconomic stability by emphasizing the use of local currencies in bilateral settlements of payment transactions.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

20/06/2025Banking Innovation

Agric Financing

The small scale farmers in Cameroon constitute majority of membership of close to 92% financial institutions. These institutions has built...

12/06/2025Banking Innovation

MAF Share Credit Card - Product Launch

The Emirates NBD Majid Al Futtaim (MAF) Share Card launch, featuring the "Beat It" campaign, revolutionized retail shopping. Offering an...

12/06/2025Banking Innovation

Operations and Workforce Transformation (Digital Branch Transformation)

In 2024, we transformed the branch experience by simplifying token generation and migrating the entire branch visitor journey to mobile

12/06/2025Banking Innovation

Cash Manual Payments Extraction and Processing with AI

DBS Bank's IBGO revolutionizes manual payments with Generative AI. Say goodbye to manual data entry and hello to automated efficiency,...

Related news & insights

Innovation Awards Hub
07/07/2025Interview

How Ping An turned innovation into impact—and took home five awards

With no fewer than five trophies won, including the Gold award in the Global Innovator of the Year category, Chinese...

02/07/2025Article

Qorus ramps up community engagement and outlines its 2025–2026 plans

The organization continues to strengthen its communities across five continents and is now unveiling its priorities to support the rapid...

01/07/2025News

Africa unveils its first Pan-African card scheme

Africa has launched PAPSSCARD, the continent’s first Pan-African card system, marking a significant step toward financial self-sufficiency

01/07/2025News

Revolut and NBA launch co-branded cards for basketball fans

Revolut has launched two new NBA-themed payment cards, offering basketball fans premium designs inspired by the court and ball.