Jakarta (ANTARA) – Bank Indonesia (BI) and Bank of Korea officially launched a cross-border QR code-based payment system between the two countries on Wednesday, making Indonesia's QR Code Indonesian Standard (QRIS) usable in the South Korean market.BI Governor Perry Warjiyo said the system allows residents of both countries to make payments without exchanging currency, ensuring more efficient and lower-cost transactions.“The cross-border QR code payment system not only facilitates trade but also strengthens MSMEs and tourism, opens new business opportunities, and promotes inclusive and sustainable economic growth,” Warjiyo said in a written statement received here.The system was jointly launched by Warjiyo and Bank of Korea Senior Deputy Governor Sandai Ryoo, with ceremonies held simultaneously in Jakarta and Seoul.The initiative is part of the Joint Vision Statement signed on Wednesday by Indonesian President Prabowo Subianto and South Korean President Lee Jae Myung during the Prabowo's visit to Seoul.Warjiyo described the launch as a key milestone in advancing a shared vision of building an integrated, efficient, and inclusive payment system to support stronger economic connectivity between the two countries. Meanwhile, Bank of Korea Deputy Governor Chang Cheong-soo said the initiative reflects both nations’ commitment to deepening cooperation in the digital economy and financial sectors.“We are committed to encouraging more strategic cooperation to strengthen payment system integration and support digital economic connectivity between South Korea and Indonesia,” he said.According to Bank Indonesia, the rollout involves collaboration between the two central banks, the Indonesian Payment System Association (ASPI), the Korea Financial Telecommunications & Clearings Institute (KFTC), and other financial sector stakeholders.As of February 2026, QRIS had reached 60.77 million users, establishing itself as a key driver of Indonesia’s digital payment transformation and a symbol of the country’s growing economic strength.Indonesia has also expanded QRIS access to several countries, including Thailand, Malaysia, Singapore, and Japan. Among them, Malaysia recorded the highest transaction volume, with 10.6 million transactions totaling Rp2.75 billion.