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FINANCIAL TECHNOLOGY | Staff Reporter, Indonesia

Indonesian authorities approve BRI, Alipay partnership

BRI is the first Indonesian bank to partner with Alipay.

Indonesia’s Financial Services Authority (OJK) and Bank Indonesia have approved BRI and Alipay’s collaboration to accept and process payment transactions in the country.

This makes BRI the first Indonesian bank to partner with Alipay to accelerate QR adoption in the country through the Quick Response Indonesia Standard (QRIS).

With this collaboration, Alipay users visiting Indonesia can make payments using their Alipay app at local merchants via QRIS. BRI is also partnering with PT QFPay Technology Indonesia as a system integrator to integrate BRI and Alipay systems.

For the initial roll-out, BRI will focus on areas most visited by Chinese tourists, including Bali, Batam and Manado, before expanding the acceptance of Alipay across its network of merchants using QRIS.

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