Indonesia's QRIS payment system: Uniting the region and taking on US credit card giants | S.A.T.É
Indonesia is the largest and fastest-growing digital payments market in Southeast Asia. The Gross Transaction Value (GTV) of digital payments has grown at a 20% clip since 2023 and is projected to hit $1 trillion GTV by 2030.In 2025, the United States flagged Indonesia's national digital payment system as unfair. Why has this innovative QRIS system, now uniting Southeast Asia and gaining ubiquity, been labeled a trade barrier for U.S. firms?
Tune into the S.A.T.É Podcast with host Jason Tedjasukmana. His guest, on the first episode of Southeast Asia on the Edge, is Budi Gandasoebrata, Vice Chairman of Payments at the Fintech Association of Indonesia. We'll discuss how this simple yet powerful tech is reshaping the region, one breakthrough at a time, while trying out Budi’s favorite satay dishes!
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