7 Advantages of QRIS that Deliver Benefits

Digital payment has undergone rapid development in the last few years. One of the increasingly popular payment methods is QRIS (Quick Response Code Indonesian Standard). QRIS makes payment easier and more efficient, not only for customers but also merchants. In this article, we will explore the advantages that shape QRIS into an attractive choice for any relevant parties.

7 Benefits and Advantages of QRIS

Along with the growing popularity of the cashless trend, QRIS emerges with more conveniences for customers and merchants. QRIS advantages are beyond speed and efficiency. It also has the potential to prevent the circulation of counterfeit money.

1. Fast and efficient

One of QRIS major strengths is speed and efficiency during transactions. By using QRIS, customers only need to scan the QR code provided in stores or payment points. The payment is processed instantly without any need for a long wait. Within seconds, the transaction is completed and customers can continue their other activities. It saves time for both merchants and customers.

2. Easy to use

QRIS is designed to be used easily by anyone, whether they are customers or merchants. Customers simply need to open the digital payment application they own, scan the QR code, enter the payment amount, and click the “confirm” button. Meanwhile, merchants are only required to provide the QR code for the customers to scan. No complicated steps during the whole process. That’s why QRIS has emerged as a convenient and practical choice for everyone.

3. Available 24/7

Another advantage we can find in QRIS is its availability 24 hours a day, 7 days a week. It means that transactions of payment can be done anywhere and at any time. No more worries about time limits or bank holidays that can delay the payment process. QRIS allows customers to make payments whenever they need it, providing outstanding flexibility.

4. Cost-effective

Payments made using QRIS also help merchants in saving costs. In a conventional payment system, oftentimes, producers are required to pay additional costs, such as administration fees, transfer fees, and so on.

However, QRIS can minimize those expenses. This allows merchants to allocate their funds more efficiently, increase their profit margin, and improve business growth.

5. Guaranteed security

Security is an important aspect of digital payment. QRIS is equipped with a guaranteed security system, maintaining the confidentiality and integrity of transaction data. Within each QRIS transaction, the data sent will be encrypted, protecting the customer’s financial information from any unauthorized access. In addition, QRIS also utilizes a robust security mechanism to prevent any fraudulent activities from occurring. This technology gives a sense of security to the merchants and customers in making payments.

6. Preventing the circulation of counterfeit money

There are always risks of receiving counterfeit money in a cash payment system. Responding to this fact, QRIS can serve as the solution to tackle the issue. QRIS enables a payment to be done digitally, thus the risks of receiving counterfeit money can be minimized. Each transaction will be recorded explicitly, including the details of the payment amount and the customer’s identity. This helps users to track each transaction and reduce the risks of suspicious transactions.

7. Offering many features

Beyond providing a practical payment method, QRIS also presents a number of additional features. The new features under continuous development can enrich customers’ payment experiences. These features include promos, cashback, loyalty programs, bill payments, and many more. QRIS ceaselessly evolves to give added value to users, encouraging customers to keep using this payment method.

Witnessing many of the advantages of QRIS above, it is evident that it gives many benefits to producers and customers. With the convenience, speed, efficiency, and additional features it offers, QRIS is able to develop a better payment method for everyone.

To access QRIS reliable services, Jalin, as a financial service technology provider, participates in supporting the QRIS infrastructure system that receives trust from Indonesia’s bank and fintech members. QRIS services managed by Jalin have been integrated with Gerbang Pembayaran Nasional (GPN/National Payment Gateway) and equipped with accurate data intelligence tools named Jarvis, thus banks may obtain many insights to fulfill customers’ needs. For further information, visit Jalin website now and be part of the revolution of better digital payment!