Bank Indonesia Clarifies QRIS Transaction Fees

Zero MDR for Micro Businesses Confirmed

Bank Indonesia has officially confirmed that the Merchant Discount Rate (MDR) for QRIS transactions below Rp500,000 is 0% for micro businesses. This clarification addresses the confusion among merchants and consumers regarding additional fees charged for QRIS payments.

Background on QRIS Implementation

The Quick Response Code Indonesian Standard (QRIS) has become a significant innovation in Indonesia's financial sector, promoting cashless transactions across various merchant categories. From luxury malls to street vendors, QRIS has seen widespread adoption. However, some merchants have been charging additional fees for QRIS transactions, causing confusion among consumers.

Regulatory Clarification

BI's clarification on social media platform @bank_indonesia emphasized that for transactions under Rp500,000 made by micro businesses, the MDR is completely waived. This policy aims to support small merchants by eliminating transaction costs and encouraging digital payment adoption.

Impact on Consumers and Merchants

The clarification is expected to have a positive impact on both consumers and merchants. For consumers, it means protection from unexpected fees. For merchants, particularly micro businesses, it reinforces the cost-effectiveness of using QRIS for transactions.