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This document aims to explain the specifications of the QRIS Dynamic - MPM Outbound development API with the merchant scheme of the QRIS issuer, the customer uses the tool to scan the QRIS merchant. Then BRI sends notifications/callbacks according to predetermined specifications.

Bank Indonesia (BI) has officially imposed fixed fees for transactions using recently implemented standardized quick response (QR) codes as it aims to have 15 million merchants using e-wallet services in 2020.

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The central bank has set a merchant discount rate of 0.7 percent for almost every transaction using the Quick Response Indonesia Standard (QRIS). Transactions using the QRIS in the education sector and at gas stations charge 0.6 percent and 0.4 percent of fees respectively.

One of the benefits of using QRIS is the lack of administrative fees or rental costs. However, since July 1, 2023, Bank Indonesia set an administration fee for every QRIS transaction. "The Merchant Discount Rate (MDR) QRIS for micro merchant rises to 0.3%," Bank Indonesia wrote. The administration fee ranges from 0% to 0.3% depending on the transaction value and merchants. The fee is charged to the merchant, not the customers. The administration fee will be collected directly by the financial technology or banks providing QRIS services.

According to the President of the Indonesian Payment System Association (ASPI) Santoso Liem, a 0.7% MDR has been applied for middle, big, and commercial agents while the 0% policy has been applied for micro-merchants with less than RP400 million profit since the conception of the project on January 1, 2020.

According to Bank Indonesia, the fee was applied to preserve the balance of interest between merchants, PJSP, and the citizens. It is also intended to encourage operational efficiency and innovation from PJSP and to improve the service and security of QRIS transactions. Bank Indonesia reassured that the administration fee will be lower than others, for example, debit or credit cards.

Even with a 0.3% administration fee, QRIS is still considered one of the most efficient and secure payment methods. However, it is inevitable that all merchants and users alike will be affected by this development. Therefore, it is important for all parties to prepare themselves. Bank Indonesia has provided guidelines and information concerning QRIS on its official website.

QRIS (QR Code Indonesian Standard) is one of payment methods that you can do by scanning QR code provided by merchant with QRIS logo. QRIS is fast and hassle-free. Wait no longer, try QRIS now in your digibank App by DBS.

If the nominal is not specified by the merchant in the QR code, then you can make payments starting from IDR 1,000 (one thousand rupiah). However, if there is a nominal that has been determined by the merchant in the QR code, you must pay the nominal that has been determined by the merchant.

Not always. This depends on what has been set by the merchant in the QR code. If the merchant doesn't require a tip, then you can continue processing the transaction without tipping. You can also see tips on the words "Optional" on the available screen.

The bank forwards the information received via the scanned QRIS code and the user will be asked to enter details of the payment amount if the payment amount has not been determined by the merchant. In the amount of payment that has been entered and determined by the merchant, the user needs to check the correct nominal and confirm to continue the transaction.

For each payment transaction, the Bank will check the scanned QRIS code to ensure that the QRIS code meets the standards set by the Indonesian payment system industry, but the Bank is not responsible for any loss, error, or incorrect payment in connection with user accounts that may arise/suffered by the user if the information provided by the merchant turns out to be inaccurate/incorrect.

If an error occurs, the user is expected to contact the merchant, to file a complaint or start the refund process. The refund process can only be carried out if the merchant has agreed to carry out the refund process. The refund amount will be subject to the merchant's policy.

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As of Feb. 2023, Indonesia had 24.9 million QRIS merchants across its archipelago with 30.87 million users. The QR payment system has recorded 121.8 million transactions worth Rp 12.28 trillion ($823 million), Bank Indonesia data shows.

Surabaya, Oct. 12, 2021 (GLOBE NEWSWIRE) -- QRKITA, the first QRIS platform aimed at helping merchants across Indonesia to integrate the payment options to crypto and boost their sales. QRKITA has announced the date of its IEO after the successful ongoing presale. The Initial Exchange Offering would begin on LAToken exchange from 20 October until 27 October. The native token would be available at a discounted price during the IEO which will go up at the time of listing.

Qrkita is intended to facilitate non-cash transactions, encourage financial inclusion, and promote memes, so that in the end it can encourage economic growth. All merchants can make transactions using QR not only wholesalers but also small traders such as meatball sellers, vegetable sellers and others throughout Indonesia.

Qrkita is the first Qris online platform that will bridge between the merchant community and the crypto community, especially in Indonesia, this combination will generate profits for all parties continuously. Qrkita is one of the cashback reward options that will be accepted by merchants and their customers, as well as the beginning of learning the crypto world for them. From there merchants and customers will get to know crypto more deeply, farming, staking and so on that is provided at qrkita.exchange

Being a first in the industry is always an advantage and Qrkita aims to leverage that to ensure it becomes a go-to platform for merchants in the country. Blockchain has impacted almost every sector and crypto has turned many startups into unicorns but the small and medium level enterprises that act as backbone of the economy are often overlooked and not given the chance to grow.

Qrkita aims to change that with its technology solutions and smart contract implementations that would ensure a secure and safe way to transact and also boost the small and medium enterprises. Everyone knows how hard it is for the retail merchants to raise money but not anymore as Qrkita brings a decentralized ecosystem for everyone to participate in. The project is already up and running some of the key features that make it trustworthy includes,

An investment in the project also ensures investing in the future of digitization thus it would become a go to choice of merchants and also help investors with great returns. Some of the key features of the token includes,

The project also aims to introduce a Play-to-Earn NFT platform that has been a rage in recent times. By banking and leveraging different technologies Qrkita aims to become a hub for traders, merchants, and NFT collectors alike.

The NFT gaming platform would allow players to earn in-game NFT collectibles that can be traded and sold on crypto exchanges and DEX like many others making one of the most talked about use cases in NFT. Qrkita aims to revolutionize the Indonesian merchant markets with crypto integration and also lure existing crypto players to its platforms through various other offerings.

During the start of COVID-19 pandemic in Indonesia, many small and large businesses in Indonesia registered their stores to obtain a QRIS-compliant QR code to accommodate increasing demand of online transactions and reduce the spread of COVID-19 from banknotes and coins. Secretary of Ministry of Cooperatives and SMEs of The Republic of Indonesia, Rully Indrawan, stated that by using QRIS, merchants "...could develop their credit profile which in turn increasing their chance to get funding loans. [...] Each transaction can also be documented and directly transferred to merchant's bank account, as well as helps prevent robbery and distribution of fake money."[4]

The purpose of this research is to analyze the effect of benefit perception, ease perception, security and risk perception of merchant interest in using Quick Response Indonesia Standard (QRIS) simultaneously or partially. The research variables consist of, X1 is benefit perception X2 is easy perception, X3 is security, X4 is risk perception and Y is merchant interest in using QRIS. Research data is Primary Data, obtained from the results of the distribution of questionnaires designed with the scale likert. The sample of the research was the merchant in pematangsiantar. Test Instruments using Test validity and reliability using SPSS. Technique Analysis, Multiple Regression, Classic Assumption Test, Hypothesis Test (Test F and Test t). The result showed that benefit perception has no significant effect on merchant interest using QRIS, the easy perception has no significant effect on merchant interest using QRIS, the security has significant effect on merchant interest using QRIS and the risk perception has significant effect on merchant interest using QRIS.

The multi-level management includes institutions, key merchants, and merchant. It applies to various businesses, provides financial statements and profit-sharing details for different parties in accordance with their needs.

Arash Digital is a system integrator company pioneering in cross border payment using international Electronic Wallet (E-Wallet) with Quick Response Code Indonesian Standard (QRIS). International E-Wallet can be used by international tourists and workers in transactions with Indonesian merchants. Right now, Arash Digital has cooperated with 5 (five) BUKU IV Banks for settlement banks. e24fc04721