US labels QRIS a trade barrier – what’s next for Indonesia’s digital payment system?
The United States has labeled Indonesia’s QRIS digital payment system a trade barrier, citing limited access for foreign firms, particularly US companies. While QRIS boosts financial inclusion and supports millions of small businesses, the USTR’s 2025 report links it to potential 32% tariffs on Indonesian exports. Despite this, QRIS continues expanding domestically and regionally. Ongoing negotiations may lead Indonesia to adjust QRIS rules in exchange for economic concessions, highlighting its growing influence in digital finance and the broader geopolitical implications of its success.