Malaysia and Indonesia Pilots Phase 1 of Cross-Border QR Payment Linkage

Malaysia and Indonesia Pilots Phase 1 of Cross-Border QR Payment Linkage

by January 27, 2022

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) has launched a cross-border QR payment linkage to enable instant, secure, and efficient cross-border payments between the two countries.

Through this linkage, consumers in both countries will be able to make retail payments by scanning the DuitNow or QRIS (Quick Response Code Indonesian Standard) QR codes displayed by offline and online merchants.

The pilot phase has kicked off today and a full commercial launch is expected in the third quarter of 2022.

This linkage will be expanded in the future to support cross-border remittance where users in both countries can make real-time fund transfers with convenience.

This project is made possible with the collaboration of various stakeholders from both countries including the Payments Network Malaysia (PayNet), the Indonesian Payment System Association (ASPI) and RAJA (Rintis, Artajasa, Jalin, and Alto) as payment system operators.

The settlement banks are CIMB Bank, Bank Mandiri and Bank Negara Indonesia.

Other participants include various banks and non-bank payment service providers from both countries.

The participants from Malaysia include Public Bank and Razer Merchant Services, while participants from Indonesia include Bank Central Asia, Bank Mega, Bank Pembangunan Daerah Bali (BPD Bali), Bank Permata, Bank Sinarmas, Bank Syariah Indonesia, CIMB Niaga, LinkAja, Ottocash, ShopeePay Indonesia.

BNM revealed that phase 2 of the QR payment linkage between Malaysia and Thailand has also gone live this week.

Malaysian users can now scan Thai QR codes to make payment to Thai merchants.

Jessica Chew Cheng Lian

Jessica Chew Cheng Lian

Jessica Chew Cheng Lian, Deputy Governor of Bank Negara Malaysia said,

“The cross-border QR payment linkage between Malaysia and Indonesia marks a key milestone in the long history of collaboration between both countries.


Such developments will bring us closer towards realising the vision of creating an ASEAN network of fast and efficient retail payment systems.”

Bank Indonesia's Deputy Governor, Doni P. Joewono

Doni P. Joewono

Bank Indonesia’s Deputy Governor, Doni P. Joewono said,

“This initiative links cross-border payments through the interconnection of national QR codes of the two countries and also represents another milestone of the Indonesian Payment System Blueprint 2025.


Bank Indonesia recognises the significance of cross-border payment system linkages and has continuously pursued such initiatives.”