Why Indonesia Push QRIS For Digital Payment Revolution

Bank Indonesia (BI) recently announced that all digital payment providers should adopt QR code standardization called QRIS (Quick Response Indonesia Standard). It would provide a single, integrated platform for all transactions completed, even if they come from different digital payment providers.

Accordingly, the QRIS code had been used by about 2.7 million merchants across the country on February. The virtually benefit for both nation and merchant is the main reason for Indonesia push for digital payment revolution.

Comparing with cash transaction, digital payment can save social resources, reduce social costs and environmental damage, bacterial infection and counterfeit money behavior, and strengthen anti-money laundering and other functions.

The inconvenient and trouble of using cash drives the POS device development in a way. However, traditional POS device also owns a series of problems such as upgrading trouble, single function, poor expansion and interaction and so on. In order to fix those problems, Telpo launched newly handheld POS device TPS320.

Telpo handheld POS device TPS320 owns an independent developed Telpo cloud platform and various practical functions. It can provide professional terminal +cloud service. Merchants can retain customer loyalty with QR code digital payment options by offering reward programs to incent new purchases and enhance customer experience.

In addition, merchants can apply big data analysis to store management, and increase membership management, customer marketing, data analysis and other operational methods through cloud platform services.

Tag: digital payment, QRIS, Quick Response Indonesia Standard, POS device, cashless 

Brief Introduction: Telpo is a professional smart payment partner who focuses on the ODM service 20 years. It mainly provides the EFT-POS, cash registers, biometric devices, facial recognition machines, self-service kiosks, and bus validators. Telpo has served for more than 1000 customers abroad, including government, banks, Telecom operators, police stations, Retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.

Related Products:  TPS320