The QRIS TTS system enables users to perform inter-PJP transfer activity and receive cash with withdrawal transactions from the partners.
Heaptalk, Jakarta — Indonesia-based e-wallet platform, DANA, has been appointed by the Bank of Indonesia and the Indonesian Payment System Association (ASPI) as one of the digital wallets representing non-bank Financial Service Providers (PJP) as the demo launch participants of QRIS Transfer, Cash Withdrawal, and Cash Deposit (QRIS TTS). Bank Indonesia, in collaboration with ASPI, has determined to perform this move after inaugurating the soft launching of QRIS TTS last Friday (11/25) in Nusa Dua, Bali.
With the launch of this payment system, DANA has contributed to integrating the existing financial institutions in Indonesia into the new digital economy ecosystem, expecting to deliver a positive impact and elevate the welfare of society in the country. This action has also demonstrated this Indonesia-based financial technology company’s support in accelerating the QRIS TTS implementation.
In response to this launch, the CEO of DANA Indonesia, Vince Iswara, affirmed, “The implementation of QRIS TTS is one of the Bank of Indonesia and ASPI programs, intending to carry out a significant influence, particularly in optimizing the technology utilization to boost the financial literacy and digitalization. The selection of DANA as one of the parties launching this innovation is a strategic step to maximize financial inclusion as a touch point for users to simplify digital financial services,”
As it is well known, Indonesia’s financial inclusion target determination in 2024 has encouraged several strategic initiations in integrating the digital financial service of 90%. As the national QR code in Indonesia, the usage of QRIS transactions has continued to enhance, proving a more robust digital transaction behavior among the society in the archipelago.
On the other hand, digital transformation is one of the economic recovery manifestations, becoming a stimulus to provide multiple digital financial services for people in Indonesia. Moreover, the digital economy is estimated to attain US$146 billion in 2025. For this reason, cross-sector cooperation is considered to play an essential role in unlocking financing access for society while accelerating digital transformation.
By implementing the QRIS TTS system, DANA enables its users to perform inter-PJP transfer activity and receive cash with withdrawal transactions from the partners. Besides cash withdrawal, this payment method is also accessible for customers to top up their balance by depositing a certain amount of cash with the partner and scanning the QRIS TTS listed.
Through this financial technology platform, the QRIS TTS transaction is expected to sustain Indonesia’s economy and support the National Strategy for Financial Inclusion (SNKI), as well as the Indonesian Payment System Blueprint (BSPI), missed by the Bank of Indonesia.
