Rabu, Maret 2, 2022

BI Increases Maximum QRIS Transaction Limit to Rp. 10 million per Transaction

In order to accommodate the need for greater transaction nominals through the use of the Quick-Response Code Indonesian Standard (“QRIS”), Bank Indonesia (“BI”) has now decided to further increase its nominal transaction limit for QRIS transactions from Rp. 5 million to Rp. 10 million per transaction through the issuance of Regulation of the BI Board of Governors No. 24/1/PADG/2022 (“Regulation 24/2022”) on the Second Amendment to Regulation of the BI Board of Governors No. 21/18/PADG/2019.
It should be noted that this increase in the QRIS transaction limit does not mean that the limit on the amounts of electronic money (“E-Money”) that may be deposited has also been increased. As a result, the maximum amounts of E-money that may be deposited are still addressed by various provisions that are set under Regulation of the BI Board of Governors No. 23/6/PBI/2021 on Payment System Service Providers and break down as follows: 1) Unregistered E-money is subject to a deposit limit of Rp. 2 million; and 2) Registered E-money is subject to a deposit limit of Rp. 10 million.
In addition, the determination of the QRIS nominal transaction limit encompasses limits that apply in relation to sources of funds and/or payment instruments used as sources of funds.
Regulation 24/2022 has been in force since 1 May 2022.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

Professional Solutions

University Solutions

Pro

Rp 5.000.000 /bulan

Lihat Detail

Pro AI

Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

Pro Compliance

New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

In order to accommodate the need for greater transaction nominals through the use of the Quick-Response Code Indonesian Standard (“QRIS”), Bank Indonesia (“BI”) has now decided to further increase its nominal transaction limit for QRIS transactions from Rp. 5 million to Rp. 10 million per transaction through the issuance of Regulation of the BI Board of Governors No. 24/1/PADG/2022 (“Regulation 24/2022”) on the Second Amendment to Regulation of the BI Board of Governors No. 21/18/PADG/2019.
It should be noted that this increase in the QRIS transaction limit does not mean that the limit on the amounts of electronic money (“E-Money”) that may be deposited has also been increased. As a result, the maximum amounts of E-money that may be deposited are still addressed by various provisions that are set under Regulation of the BI Board of Governors No. 23/6/PBI/2021 on Payment System Service Providers and break down as follows: 1) Unregistered E-money is subject to a deposit limit of Rp. 2 million; and 2) Registered E-money is subject to a deposit limit of Rp. 10 million.
In addition, the determination of the QRIS nominal transaction limit encompasses limits that apply in relation to sources of funds and/or payment instruments used as sources of funds.
Regulation 24/2022 has been in force since 1 May 2022.

......