April 25, 2025 | 10:42 pm
TEMPO.CO, Jakarta - Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, addressed concerns raised by the United States government regarding the Quick Response Code Indonesian Standard (QRIS) and the National Payment Gateway (GPN), which were claimed as trade barriers.
Airlangga emphasized that Indonesia welcomes foreign operators, including Mastercard and Visa.
"There is no change in the credit card sector. Furthermore, in the gateway sector, they are open to entering the front end and participating directly," Airlangga said during a virtual press conference on Friday, April 25, 2025.
He also stressed that all external parties interested in collaboration have equal opportunities. Regarding the QRIS issue raised by the U.S., Airlangga indicated that it was simply a matter of clarification.
Previously, Destry Damayanti, Senior Deputy Governor of Bank Indonesia, stated that Indonesia’s cooperation with other countries on QRIS or other fast payment systems depends on each country's readiness. Destry also acknowledged that the use of Visa and Mastercard remains dominant in Indonesia.
"So, we do not discriminate. If America is ready, we are ready, why not?" Destry told journalists at the Financial Education for Indonesian Migrant Workers event at the Dhanapala Building, Jakarta, on Monday, April 21, 2025.
In the National Trade Estimate Report on Foreign Trade Barriers 2025, published on March 31, 2025, the United States Trade Representative (USTR) highlighted several tariff and non-tariff barriers faced by the country in its trade relationships, including with Indonesia. The use of QRIS was specifically mentioned.
The report stated that U.S. banks and payment service providers felt they were not consulted when Bank Indonesia formulated policies regarding QRIS.
"International stakeholders were neither informed of the nature of the potential changes nor given an opportunity to explain their views on such a system, including how it might be designed to interact most seamlessly with existing payment systems," the USTR report stated.
Editor's Choice: BI Dismisses US' QRIS Complaint, Says American Credit Cards Remain Dominant
Click here to get the latest news updates from Tempo on Google News
U.S. Recession History: Timeline, Causes, and Impacts Explained
2 jam lalu
Explore the history of U.S. recessions, from the Great Depression to the COVID-19 downturn, complete with the causes and impacts.
Rupiah Closes Stronger at Rp16,829 per US Dollar
2 jam lalu
The exchange rate of the rupiah strengthened to Rp16,829 per United States dollar in the afternoon trade on Friday, April 25, 2025.
U.S. Flags Concerns over Indonesia's Halal Product Rules: Too Complex and Bureaucratic
6 jam lalu
According to the USTR report, the U.S. is troubled by how Indonesia enforces its halal certification rules.
U.S. Complaint over Indonesia's Halal Policy Creates Conundrum
7 jam lalu
What are the details of the U.S. criticism on Indonesia's halal product standards?
Bank Indonesia: Economic Liquidity Remains Relatively Stable
7 jam lalu
Bank Indonesia (BI) reported that the broad money supply, or M2, reached Rp9,436.4 trillion in March 2025, a year-on-year growth of 6.1 percent.
USTR Lists Jakarta's Mangga Dua in Counterfeits Report, Trade Minister Responds
1 hari lalu
The USTR report specifically named Mangga Dua Market in Jakarta.
Today's Top 3 News: Indonesian Judge Sentences Student to 2.5 Years in Prison for Promoting Online Gambling
1 hari lalu
Here is the list of the top 3 news on Tempo English today.
Indonesia Eyes EU and UK Markets as US Tariffs Rise
1 hari lalu
The Indonesian government is considering the EU and the UK as new export destinations in response to President Donald Trump's tariffs.
Trump Upbeat About Striking Trade Agreement with China
1 hari lalu
U.S. President Donald Trump says he will soon reach an agreement with China regarding import tariffs.
BI Dismisses US' QRIS Complaint, Says American Credit Cards Remain Dominant
1 hari lalu
A response from Bank Indonesia regarding the criticism of QRIS from the United States.
