Majukan Ekonomi Digital Yang Inklusif Lewat Solusi Pembayaran Digital

Summary

This discussion explores the growing role of inclusive digital economies in Indonesia, focusing on payment systems such as Kris, which aim to boost innovation, increase competition, and improve financial inclusion. Experts highlight the importance of interoperable systems, seamless integration across platforms, and financial literacy in fostering wider access to digital payments. While challenges such as infrastructure gaps and regulatory adaptation remain, efforts by organizations like ASPi in collaboration with Bank Indonesia are promoting more inclusive and accessible digital payment solutions, supporting both consumers and businesses in the digital economy.

Takeaways

• 😀 Digital economy in Indonesia is growing rapidly, with e-commerce playing a key role in driving digital payment solutions.
• 😀 Financial inclusion through digital payments has significant potential, benefiting both individual consumers and businesses, especially MSMEs.
• 😀 Challenges to digital payment adoption include infrastructure gaps, regulatory adaptation, and the need for better financial literacy.
• 😀 ASPI (Association of Indonesian Payment System) partners with Bank Indonesia to implement the national payment system blueprint (BSP 2025).
• 😀 ASPI's efforts have resulted in the successful implementation of QRIS (Quick Response Code Indonesian Standard), which is now accepted by millions of merchants across Indonesia.
• 😀 The number of QRIS-accepting merchants increased from 660,000 to 4 million in just five years, with 55% being MSMEs.
• 😀 Interoperability is a key challenge in creating an accessible digital payment system, but progress is being made through API standardization and cross-platform cooperation.
• 😀 The growth of QRIS has contributed to more accessible and inclusive payment systems by reducing exclusivity among digital payment platforms.
• 😀 ASPI focuses on eliminating exclusivity by educating merchants and consumers that QRIS can accept payments from various payment instruments, not just one provider.
• 😀 The adoption of QRIS has led to greater interoperability, with interconnected payment systems rising from 20% to 87%. However, challenges in full interoperability still remain.
• 😀 Digital literacy and consumer awareness are essential to ensure broad adoption of inclusive digital payment systems and eliminate confusion about which payment systems to use.

Q & A

What is the role of ASPI in supporting inclusive digital payment systems in Indonesia?

ASPI acts as a Self-Regulatory Organization (SRO) in collaboration with Bank Indonesia to implement the 'BSP 2025' initiative, which aims to create a connected and interoperable payment system. ASPI helps promote inclusivity in the payment system by enabling the acceptance of various payment instruments and working on improving financial literacy and digital infrastructure.

How has the growth of e-commerce impacted financial inclusion in Indonesia?

The rapid growth of e-commerce in Indonesia has significantly driven financial inclusion by increasing access to digital payment systems. E-commerce has not only allowed consumers to engage in online transactions but has also provided MSMEs with the tools to grow their businesses, creating new job opportunities and improving financial literacy.

What are some of the main challenges faced in implementing inclusive digital payment systems?

Some of the key challenges include infrastructure limitations, regulatory adaptation, platform fragmentation, and the need for financial and digital literacy. Additionally, there are issues related to data security and the standardization of payment systems across different platforms.

What role does interoperability play in the success of digital payment systems in Indonesia?

Interoperability is crucial for the success of digital payment systems because it ensures that various payment platforms and instruments can work seamlessly together. This enhances consumer experience, reduces transaction costs, and makes it easier for businesses, especially MSMEs, to operate across different payment methods.

How has ASPI helped increase the acceptance of digital payments among Indonesian merchants?

ASPI has contributed to increasing merchant acceptance of digital payments by working with Bank Indonesia to implement Kris, a standardized digital payment system. Through education and collaboration, ASPI has helped merchants understand that they can accept multiple payment instruments, moving away from exclusive systems and promoting a more inclusive approach.

What is the impact of Kris and other payment systems on MSMEs in Indonesia?

Kris and other payment systems have had a positive impact on MSMEs by providing them with easier, safer, and more efficient ways to handle transactions. These systems have enabled MSMEs to accept various forms of digital payments, improving their financial accessibility and supporting business growth.

What has been the progress in creating an interoperable payment system in Indonesia?

Progress has been significant, with a large increase in interconnected and interoperable transactions. As of now, around 87% of payment systems in Indonesia are interconnected, up from just 20% at the start. This has been driven by efforts like the standardization of APIs and collaboration between banks and fintech companies.

How does the use of Kris benefit consumers and businesses in Indonesia?

Kris benefits consumers by offering a convenient and flexible way to make digital payments across different platforms. For businesses, especially MSMEs, it simplifies payment processing by enabling them to accept various payment methods, reducing transaction costs and increasing efficiency.

What measures has ASPI taken to educate the public and businesses about inclusive digital payments?

ASPI has conducted extensive literacy campaigns to educate both the public and businesses about the advantages of accepting diverse payment instruments. They have worked to dispel myths about payment exclusivity and ensured that businesses understand that Kris can accept all types of digital payment instruments, not just from specific providers.

What challenges remain despite the success in creating an inclusive digital payment system?

Despite the progress, there are still challenges, including the remaining 13% of transactions that are not fully interoperable. Additionally, some merchants continue to ask which payment system is being used (e.g., 'which Kris?'), indicating that some exclusive practices persist, though they are gradually decreasing as ASPI continues its educational efforts.