6 Uses of QRIS to Simplify Business Operations

You must be familiar with QRIS or Quick Response Code Indonesian Standard. In recent years, QRIS has become one of the popular payment methods for various offline transactions. Many shops, from retail to coffee shops, have offered the QRIS payment method. For customers, QRIS is a practical, fast, and easy payment method. Then, what is the use of QRIS for business owners?

Practical Uses of QRIS for Your Business

In addition to giving a benefit to customers, QRIS is also beneficial for business owners. The following are some of the uses of QRIS for business: 

Becoming a complete digital payment method

First, QRIS is a comprehensive digital payment method. It means that all payment instruments under Bank Indonesia, both conventional banks and digital wallets, can utilize QRIS. Simply scan the QR code with a banking application or other financial application, and the payment is done. 

Not only as a payment method, QRIS will also have several other functions with the addition of the TTS feature. QRIS TTS stands for Transfer, Cash Withdrawal, and Cash Deposit. With this feature, you can transfer by scanning the code of the recipient, withdraw cash at ATMs or merchants, and deposit cash through merchants. 

• Becoming a helpful tool in budgeting

Sometimes there is not enough change when a store or business has just opened. As a result, you or another staff will have to use personal money to give change to customers. Later, this will make it difficult for you in budgeting or managing store finances.  

With QRIS, your or your employees’ personal financial management can be separated from business financial management. So, the budgeting process for the store needs and the personal needs can be done more easily.

• Becoming a business promotional medium

QRIS can also be a promotional medium for your business. With QRIS, you indirectly tell customers that you care about their needs by providing an easy and practical payment method to accelerate transaction processes. In addition, with QRIS, you can also illustrate that your business will always keep up with the times, including in providing payment methods. 

• Improving credit profile

Improving credit profiles is important in the business world. With a good profile, businesses can more easily get capital loans from selected lender institutions to grow more. You can build a good credit profile with QRIS. How come?

QRIS helps you record every transaction in your business. Thus, lender institutions can easily find out your business potential to settle the debt. If recent sales have been great, it will be seen in the QRIS business transaction data, thereby convincing lender institutions to provide capital loans.

• Protecting yourself from counterfeit money

QRIS is currently regulated and supervised by Bank Indonesia. It means that you don’t need to worry about the security level of this payment method. Because QRIS is electronic or cashless, you are also safe from potential fraud in the form of counterfeit money. 

• Maintaining transparency of financial records

The last use of QRIS for business is to reduce the level of fraud in daily transaction recording. It is because every transaction made with QRIS will be automatically recorded in the system. As a result, irresponsible people will find it difficult to manipulate the data.  

QRIS is not only useful for customers, but also for businesses. Therefore, immediately use QRIS in your business. Not only limited to businesses that sell physical products, Payment Service Providers (PJP) such as banks and fintech can also implement QRIS by becoming Jalin’s QRIS Members. 

By becoming a member, PJP can reach a wider range of customers, considering the public’s enthusiasm for easy and practical payment methods is getting higher. Jalin’s QRIS System has also been equipped with modern data intelligence tools, helping PJP gain insight into customer needs more easily. Want to know more? Check out more information about Jalin’s QRIS!