QRIS & GPN Indonesia Bikin AS Ketar-ketir?

Summary

The video discusses Indonesia's digital payment systems, GPN (Gerbang Pembayaran Nasional) and CURIS (Quick Response Indonesian Standard), which were introduced to strengthen the domestic payment infrastructure and foster financial inclusion. However, the U.S. has raised concerns, claiming these systems could hinder trade by limiting access for foreign companies. Bank Indonesia's representatives defend the systems, emphasizing collaboration with other countries and asserting that Indonesia is not monopolizing the payment market. The discussion touches on the broader implications of digital sovereignty and international relations between Indonesia and the U.S., focusing on the need for ongoing dialogue and balance between innovation and global competition.

Takeaways

• 😀 The introduction of Gerbang Pembayaran Indonesia (GPN) in 2017 and Quick Response Indonesian Standard (QRIS) in 2019 have significantly advanced digital payment systems in Indonesia.
• 😀 These initiatives are aimed at increasing transaction efficiency and expanding financial inclusion within Indonesia.
• 😀 The implementation of GPN and QRIS strengthens Indonesia's digital economy and supports national economic sovereignty.
• 😀 Recently, the United States has criticized GPN and QRIS, suggesting these systems could be trade barriers and limit foreign companies' access to the Indonesian market.
• 😀 Bank Indonesia (BI) has responded to U.S. criticism, emphasizing that the systems are open for collaboration with other countries, as long as their systems are compatible.
• 😀 BI states that foreign payment systems like Mastercard and Visa have no issues operating in Indonesia, demonstrating that the country's digital payment ecosystem is not closed off to international companies.
• 😀 The QRIS and GPN systems have been positively received in Indonesia, especially in areas where access to traditional banking infrastructure is limited.
• 😀 Financial expert A. Hidayat highlights that the rapid adoption and transaction growth of QRIS reflect its positive impact on Indonesia’s economy.
• 😀 Despite U.S. concerns, BI has reiterated that Indonesia remains open to global cooperation, with QRIS already in use in countries like Singapore, Japan, and Korea.
• 😀 The criticism from the U.S. over QRIS and GPN is part of broader trade negotiations between Indonesia and the U.S., focusing on tariffs and international trade relationships.
• 😀 Maintaining a balance between fostering domestic innovations like QRIS and GPN while remaining open to international trade and collaboration is key for Indonesia's digital economy.

Q & A

What is the significance of the GPN (Gerbang Pembayaran Nasional) and CURIS systems in Indonesia's economy?

The GPN and CURIS systems play a key role in enhancing Indonesia's payment infrastructure by promoting digitalization, improving transaction efficiency, expanding financial inclusion, and strengthening Indonesia's economic sovereignty. They are vital in facilitating domestic payments while reducing reliance on foreign payment systems.

How did the United States react to Indonesia's GPN and CURIS systems?

The United States raised concerns, stating that the GPN and CURIS systems could act as trade barriers by restricting foreign companies' access to the Indonesian market. They believe these systems could limit international trade and competition.

What was Bank Indonesia's response to the concerns raised by the United States regarding GPN and CURIS?

Bank Indonesia responded by emphasizing that these payment systems are open for collaboration with other countries. They assured that foreign payment systems like Mastercard and Visa still function smoothly in Indonesia and that the systems were designed to be interoperable with global systems.

What are the benefits of GPN and CURIS for Indonesia's domestic market?

GPN and CURIS have greatly benefited the Indonesian domestic market by making digital payments more accessible, even in remote areas with limited banking infrastructure. Their widespread adoption has led to significant improvements in transaction volumes and has had a positive impact on the Indonesian economy.

How does the United States view the potential impact of GPN and CURIS on international trade?

The United States perceives GPN and CURIS as obstacles to international trade, arguing that they could restrict foreign access to Indonesia's payment market. The U.S. suggests that these systems may limit foreign companies' ability to operate efficiently within Indonesia.

What role do collaborations between countries play in the acceptance of GPN and CURIS?

Collaborations between Indonesia and other countries are crucial for ensuring the success of GPN and CURIS. Bank Indonesia has already established partnerships with countries like Singapore, Japan, and South Korea, allowing for mutual use of these payment systems and enhancing their international interoperability.

How does the presence of international payment systems like Visa and Mastercard impact the GPN and CURIS systems?

The presence of international payment systems like Visa and Mastercard in Indonesia demonstrates that GPN and CURIS do not monopolize the market. These foreign payment systems continue to perform well in Indonesia, which supports the notion that Indonesia's domestic payment systems are not restrictive.

Can the concerns raised by the United States impact the trade negotiations between Indonesia and the U.S.?

The concerns raised by the United States regarding GPN and CURIS could potentially influence trade negotiations, but they are just one aspect of the broader discussions. Other factors, such as tariff rates, will also be considered during the negotiation process. Both countries will likely adjust their positions to reach a favorable outcome.

What should Indonesia's response be to the United States' concerns to maintain a healthy trade relationship?

Indonesia should continue to engage in open communication and negotiation with the United States. By clarifying that GPN and CURIS are not designed to monopolize the market and emphasizing their openness to international collaboration, Indonesia can maintain a healthy trade relationship while safeguarding its economic interests.

How can Indonesia balance maintaining sovereignty over its payment systems while remaining open to international cooperation?

Indonesia can achieve this balance by continuing to innovate and develop payment systems like GPN and CURIS, which enhance its sovereignty, while also ensuring that these systems are compatible with international standards. This approach allows for greater independence while facilitating collaboration with other nations to drive global trade.