Indonesia is experiencing rapid acceleration in digital payment transformation, driven by the implementation of the Blueprint for Indonesia Payment System (BSPI) 2025 and a series of regulatory reforms by Bank Indonesia (BI). These initiatives not only enhance domestic efficiency but also integrate Indonesia into the global payment network.

Rapid Growth of Digital Transactions

Bank Indonesia projects that digital payment transactions will grow by 29.7% year-on-year (YoY) in 2026, with transaction volumes expected to continue rising and reach 147.3 billion transactions by 2030.

This significant growth is supported by:

• Expansion of QRIS (Quick Response Code Indonesian Standard),

• Implementation of BI-FAST for real-time fund transfers,

• Adoption of SNAP (National Standard for Open API Payments),

• Digitalization of government transactions, including social assistance distribution and public spending.

Together, these initiatives accelerate digital payment adoption across sectors, ranging from MSMEs to government institutions.

QRIS and Cross-Border Expansion

QRIS has become the backbone of Indonesia’s digital financial inclusion. By 2026, Bank Indonesia targets:

• 17 billion QRIS transactions,

• 60 million active users,

• 45 million registered merchants.

Beyond domestic use, QRIS is also expanding internationally. Cross-border QRIS implementation across 8 countries, including China and South Korea starting April 2026, is a key strategic priority. This initiative positions Indonesia as a full member of the Nexus Global Payments network, strengthening regional and global payment connectivity.

Cross-border QRIS enables tourists and businesses to conduct international transactions instantly, securely, and at lower costs.

Strategic Initiatives by Bank Indonesia

To accelerate innovation, Bank Indonesia has recruited 800 young digital talents to develop next-generation payment systems. This effort is supported by a regulatory innovation sandbox, enabling controlled testing of new technologies before large-scale deployment.

On the regulatory front, BI has introduced:

• PBI No.10/2025, and

• PADG No.32/2025,

which will come into effect in March 2026. These regulations aim to strengthen the payment system industry by making it more:

• Consolidated,

• Resilient,

• Adaptive to technological innovation.

Global Collaboration and Technology Trends

In addition to regulatory reforms, BI is collaborating with Visa to expand digital payment adoption, particularly among younger consumers. This partnership focuses on enhancing financial literacy, promoting cashless transactions, and strengthening global payment integration.

From a technology perspective, Artificial Intelligence (AI) is increasingly embedded in:

• Real-time fraud detection,

• Instant settlement systems,

• Optimization of payment gateways for greater speed, security, and efficiency.

These technologies form a critical foundation for building a robust, scalable, and future-ready payment ecosystem.