“Would you like to pay with a card or QRIS?”

This is a question you’ve probably heard often when making a transaction. Nowadays, cash payments are gradually being phased out, while QRIS has become the most popular payment method. And that’s not surprising—QRIS payments make things easier for both parties. Both buyers and sellers benefit from this feature.

What is QRIS?

QRIS (Quick Response Code Indonesian Standard) is an innovative payment method launched by Bank Indonesia. Its goal? To simplify digital transactions in Indonesia. In today’s rapidly advancing digital era, QRIS provides a practical solution for various types of payments—from shopping at convenience stores, dining at restaurants, to charitable donations. This article will explore the functions, benefits, and how to scan and pay using QRIS.

Functions of QRIS

QRIS was developed to integrate various digital payment applications in Indonesia. Its main purpose is to simplify and speed up cashless transactions. Here are the key functions:

• Simplified Payments: QRIS allows all digital payment apps to use the same QR code. This means merchants only need one QR code to accept payments from multiple apps.
• Increased Transaction Efficiency: Transactions are quicker with QRIS since users only need to scan the code and enter the payment amount—no need for account numbers or other details.
• Enhanced Security: QRIS transactions are safer as users don’t have to disclose personal or card details to merchants. All transactions are conducted through apps monitored by Bank Indonesia.
• Ease of Integration: QRIS makes it easy for both small and large merchants to accept payments from various e-wallets or mobile banking apps without managing multiple QR codes.

Read: Learn How to Withdraw Cash from ATMs Without a Card

Benefits of QRIS

Using QRIS offers many advantages for consumers, merchants, and the economy as a whole. Here are some key benefits:

• Ease of Use: QRIS is very user-friendly. Consumers just scan the code using their payment app, and merchants only need to display a single QR code for all payment types.
• Financial Inclusion: QRIS promotes financial inclusion by giving more people access to digital financial services, especially those without a bank account. This opens up more economic opportunities for underserved communities.
• Faster and More Efficient Transactions: Payments can be made quickly and efficiently with QRIS, without the need for cash or credit cards—perfect for a world that values speed and convenience.
• Enhanced Security: QRIS adds a layer of security, as there’s no need to share sensitive data like card numbers or PINs. All transactions are encrypted and monitored by regulatory authorities.
• Support for MSMEs: QRIS is very helpful for micro, small, and medium enterprises (MSMEs), allowing them to accept digital payments easily and affordably—helping them grow and compete in the modern marketplace.
• Lower Operational Costs: For merchants, QRIS helps reduce operational expenses by eliminating the need to manage various payment systems. A single QR code is enough, reducing admin and maintenance costs.

Benefits of Using QRIS with neobank from Bank Neo Commerce

As one of Indonesia’s leading digital banking services, Bank Neo Commerce also offers QRIS features in its app—neobank. But neobank’s QRIS is more than just a convenient payment method; it comes with several additional benefits:

Easy Access

The QRIS feature in the neobank app is easy to access. With just one tap, you can find the QRIS button right on the home screen.

Promotions and Discounts

Bank Neo Commerce often provides attractive promotions and discounts for users of neobank’s QRIS. These may include discounts at specific merchants, cashback offers, or rewarding loyalty programs—helping users save more and get added value with every transaction.

Secure Transactions

Security is a top priority at Bank Neo Commerce. Neobank’s QRIS is designed to ensure every transaction is safe. With cutting-edge encryption technology, it protects users’ data from cyber threats. Each transaction also requires two-factor authentication, such as a PIN or biometric scan, reducing the risk of fraud.

Read: Calculate Your Earnings with the Deposit Calculator

How to Pay Using QRIS in the neobank

Here are the steps to make a payment using the QRIS feature in neobank:

1. Open the Neobank App: Launch your favorite digital banking app (read: neobank).
2. Scan the QR Code: On the main screen, select the QRIS feature located at the bottom center. Point your phone’s camera at the QR code provided by the merchant.
3. Enter the Payment Amount: After scanning, input the amount you need to pay. For dynamic QR codes, you don’t need to enter the amount—the merchant has already embedded it in the code.
4. Confirm the Payment: Double-check your payment details and confirm. Usually, you’ll be prompted to enter your PIN or use other authentication methods, such as fingerprint scanning.
5. Done: Once the payment is successful, you’ll receive a notification from the app, and the merchant will also be notified of the successful transaction.

Now that you know more about QRIS and the benefits of using the neobank QRIS feature, what are you waiting for? Start using QRIS for your transactions and enjoy all the advantages!

Complete info about promo, click s.id/neoqrisgoogle & use QRIS neobank at s.id/igneoqris

***

PT Bank Neo Commerce Tbk is licensed and supervised by the Indonesia Financial Service Authority (OJK) and Bank Indonesia (BI), and an insured member of Deposit Insurance Corporation (LPS).