RRI.CO.ID, Jakarta - The integration of Indonesia’s and Japan’s digital payment systems is opening new opportunities for bilateral trade and investment.

Indonesia’s Quick Response Code Standard (QRIS), combined with Japan’s standardized Quick Response (JPQR) system, now enables faster and more efficient cross-border transactions.

Bank Indonesia (BI) Deputy Governor Filianingsih Hendarta said the integration of QRIS with JPQR, effective August 17, 2025, is expected to strengthen economic activity in both countries. The value of Indonesia-Japan trade in 2025 reached JPY 224 trillion (approximately USD 1.4 trillion).

“The integration of Indonesia’s QRIS system with Japan’s JPQR enables direct merchant transactions and streamlines the flow of cross-border digital transactions,” Filianingsih said in Jakarta on Tuesday, May 26, 2026, as quoted by Antara.

She added that the Local Currency Transaction (LCT) scheme is also being actively promoted to mitigate exchange rate risks. The system helps businesses reduce costs for international transactions.

Indonesian Deputy Ambassador to Tokyo Maria Renata Hutagalung noted that the ease of digital payments is a key factor in strengthening Indonesia-Japan economic ties. She highlighted that Japan has become Indonesia’s second-largest LCT partner as local-currency transactions expand.

Japan External Trade Organization (JETRO) Executive Vice President Kenichi Hirano emphasized that Japan continues to view Indonesia as one of its most important economic partners in Southeast Asia, citing Indonesia’s large market potential and stable economic growth as drivers of investment interest.

These statements were delivered at the Indonesia-Japan Investment Forum 2026, which also resulted in new investment commitments. Pongamia Co. Ltd. expressed interest in developing Pongamia plantations in Indonesia to produce biodiesel and biojet fuel, supporting renewable energy initiatives.

In the manufacturing sector, Onoda Inc. announced plans to establish an assembly plant in Indonesia for Japanese-made ultrasonic gas meters. The investment aims to support the expansion of the national household gas network. ***