Jakarta, Aug. 17 -- Bank Indonesia (BI) and the People's Bank of China have launched a series of trials for cross-border QR code payments, linking QR Code Indonesia Standard (QRIS) with China's payment system for seamless interoperability.

"The continuous development and innovation of QRIS features aim to expand its acceptance and support digital economic and financial inclusiveness. One of the innovations is the cross-border QRIS," Bank Indonesia Governor Perry Warjiyo stated here on Sunday.

He explained that payment interconnection between Indonesia and China will facilitate cross-border trade and financial transactions, especially for micro, small, and medium enterprises (MSMEs), and encourage tourism between the two countries.

The ...