Exploring Digital Payment Innovations: QRIS and Generative AI in ASEAN

Sunday, 15 September 2024, 22:31

BCG-Column highlights digital payment trends, focusing on QRIS and generative AI in Southeast Asia. The QR code standard is transforming payments, with domestic and international interoperability driving user adoption.
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Exploring Digital Payment Innovations: QRIS and Generative AI in ASEAN

Digital Payment Trends in Southeast Asia

In recent years, QRIS has emerged as a crucial player in the transformation of digital payments across Southeast Asia. With its capability for both domestic and international interoperability, this QR-based payment standard has attracted over 50 million users and 33 million merchants.

Generative AI's Role in Payment Systems

The integration of generative AI technologies will enhance consumer experience and security in financial transactions. As more users adopt digital payment methods, opportunities for innovation and efficiency expand.

Key Benefits of QRIS

  • Enhanced user experience through quick transactions.
  • Interoperability between domestic and international payment systems.
  • Accessibility for millions of merchants and consumers.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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