Monday, 6 December 2021

OJK and Bank Indonesia approve BRI and Alipay collaboration

5 min read

Jakarta, Indonesia, 23 December, 2020 - PT Bank Rakyat Indonesia (Persero) Tbk (BRI) today announced that it received approval from OJK and Bank Indonesia for BRI to act as an acquirer to accept and process payment transactions made through Alipay in Indonesia. This makes BRI the first local bank in Indonesia to partner with Alipay to further accelerate the adoption of QR payment via QRIS (Quick Response Indonesia Standard) in Indonesia. 

Director of Consumer at BRI, Handayani said that BRI has been making dedicated efforts to expand the cashless transaction system in the community by introducing payment options using QRIS. “The collaboration with Alipay marks BRI’s latest effort to facilitate more payment transactions using QRIS,” Handayani said. 

With this collaboration, Alipay users visiting Indonesia will be able to make payments using their Alipay app at local merchants via QRIS, and enjoy a seamless digital payment experience. BRI is also partnering with PT QFPay Technology Indonesia as a system integrator to provide support and integrate BRI and Alipay systems.

According to data released by the Central Bureau of Statistics, the number of Chinese tourists arriving in Indonesia between 2009 and 2019 has surged by a significant 450%. While the number of tourists from China and the amount of tourist spending continue increasing year on year, it is a great opportunity to partner with Alipay to better cater to this segment of consumers and benefit local MSMEs. 

For the initial roll-out, BRI will focus on areas most visited by Chinese tourists, including Bali, Batam and Manado, before expanding the acceptance of Alipay across its network of merchants using QRIS.  “The launch of this collaboration also coincides with BRI's 125th anniversary. Over the years, BRI has increasingly committed to encouraging cashless payment adoptions for the advancement of MSMEs in Indonesia and the growth of Indonesia's economy," concluded Handayani.

 

Re-disseminated by The Asian Banker

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