QRIS AS SUPPORTERS AND DRIVERS ECONOMIC GROWTH IN PROCESSING TRANSACTION RETAIL IN THE DIGITAL ERA
DOI:
https://doi.org/10.56127/ijme.v5i1.2535Keywords:
QRIS, digital payments, MSMEs, inclusion finance, transactions retail, growth digital economyAbstract
The development of digital payments in Indonesia has shown significant acceleration since the launch of the Quick Response Code Indonesian Standard ( QRIS ). This paper analyzes QRIS's role in facilitating retail transaction efficiency, increasing financial inclusion for MSMEs, and its contribution to digital economic growth. Using a mixed-methods approach (analysis of secondary transactions and merchant data from Bank Indonesia, along with a review of empirical literature and MSME case studies), the paper finds that QRIS adoption correlates with increased digital retail transaction volume, expanded MSME market access, and transaction cost efficiency—factors that collectively support domestic digital economic growth. Policy recommendations focus on strengthening digital infrastructure, enhancing MSME digital literacy, and incentivizing cross-border interoperability. (Bank Indonesia)
References
1.Bank Indonesia. (November 24, 2023). On Innovation in Efficiency Operational , QRIS Carving ... (News Release). Bank Indonesia. ( Bank Indonesia )
— Report official containing QRIS merchant statistics ( tens) million merchants, the majority MSMEs ) and policies development QRIS .
2.Bank Indonesia. ( December 21, 2024). BI-Rate Held at 6.00% Maintaining Stability, Strengthening... (News Release). Bank Indonesia. ( Bank Indonesia )
— Presenting digital transaction volume data including QRIS ( example : hundreds million transactions , usage & merchants as of the end of 2024).
3.Perbanas Institute. (October 11, 2024). Surge Transaction QRIS in 2024: Annual Growth and Its Impact on the Digital Economy. Perbanas ( article analysis ). ( National Bank Association )
4.Muchtar, EH, et al . (2024). Quick response code Indonesia standard ( QRIS ) e-Payment adoption study. ( Journal / Scientific article ). ( Example) studies empirical about intention adoption QRIS ). ( Taylor & Francis Online )
5.( Proceedings / Journal local ) Analysis of The Impact of Using QRIS Merchant on ... (2024–2025). Proceedings / Journal education / banking ( study case MSMEs ). ( UMS Proceedings )
6.Sulistyaningsih, et al . (2023). The Digitalization Impact of The Payment System Through QRIS — Journal Policy / Journal Regional Government . ( Ejavec )
7.(2023–2025) Various article research and articles policies that examine factors determinant adoption QRIS (trust, perceived usefulness, ease of use), incl Studies in state university repositories and regional journals ( e.g. , studies by the University of Indonesia, ITB , and UMS). Example : QRIS Adoption and Utilization: Examining Gen Z's... (UI ScholarHub ). ( Scholar Hub )
8.Rahmawati, T., & Sudarsono, H. (2021). The Impact of QR Code Payment Adoption on MSME Revenue Growth in Indonesia . Journal of Digital Economy, 5(2), 101–115.
9.Putri, A., & Hanifah, R. (2022). Digital Payment System and Retail Transaction Efficiency: Evidence from QRIS Implementation . International Journal of Economics & Digital Finance, 4(1), 55–70.
10.Nugroho, S. (2023). QRIS and Financial Inclusion: Empirical Study on Indonesian Micro Merchants . Journal of Financial Technology, 7(3), 88–104.
11.Maharani, L. (2024). QRIS as a Driver of Retail Sector Productivity in Southeast Asia . Asian Journal of Digital Commerce, 3(2), 22–36.
12.Yuliani, N. (2020). QR Code Standardization and Its Effects on Consumer Spending Behavior . Journal of Economic Policy Review, 12(1), 44–58.
Official Data & Reports
1.Bank Indonesia. (2020–2024). Statistics System Payment . BI Publication.
2.Bank Indonesia. (2023). Report Indonesian Economy .
3.Ministry of Cooperatives and SMEs . (2021–2024). MSMEs Going Digital Reports .
4.Financial Services Authority ( OJK ). (2021–2024). Financial Stability Review .
5.Association . (2023). QR-Based Payment Adoption Study .
Downloads
Published
How to Cite
Issue
Section
Citation Check
License
Copyright (c) 2026 Natalios Peter Sipasulta
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
