Implementation of QRIS Merchant Acquisition Services in Microfinance Institutions as a Liquidity Tool

DOI

10.2991/978-2-38476-202-6_57How to use a DOI?

Keywords

payment technology; QRIS Merchant acquisition; microfinance institutions; liquidity; fintech

Abstract

QRIS is a QR code standard developed by Bank Indonesia (BI) and the Indonesian Payment System Association. The QRIS function is to facilitate the transaction process with a QR code to make it faster, and maintain security. As of December 2022, it was recorded that the number of QRIS users in Indonesia reached 28.75 million. This number has increased by 15.95 million users compared to the end of 2021. In addition, a total of 12 million merchants have used QRIS. The Covid-19 pandemic caused the majority of cooperatives in Indonesia to experience liquidity shocks. Cooperative and SME observer Rully Indrawan said that 70% of cooperatives, especially savings and loan cooperatives, experienced disruptions during the pandemic. This is due to the withdrawal of members’ savings and also an increase in bad loans (NPL) because members’ finances are disrupted. Microfinance Institutions or often called MFIs can become QRIS Merchant acquisitions through banks or payment system service providers (PJSP). With this acquisition, QRIS payment transactions that occur can go directly to the customer’s savings at the MFI. An integration process is needed between the QRIS dashboard that can be obtained from the bank or PJSP with the core banking system that is already running within the MFI itself. This research offers a web service system that is capable of integrating the two systems above. The research method used is a combination of field research and research and development approaches. The development stage uses the system development life cycle (SDLC) method approach. The web service system that was built has successfully passed the System Integration Test and User Acceptance test scenariod by PJSP to carry out credit transactions on merchant savings at the MFI.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - I G. P. Fajar Pranadi Sudhana
AU  - Ni Luh Ayu Kartika Yuniastari Sarja
PY  - 2024
DA  - 2024/02/15
TI  - Implementation of QRIS Merchant Acquisition Services in Microfinance Institutions as a Liquidity Tool
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2023 (iCAST-SS 2023)
PB  - Atlantis Press
SP  - 399
EP  - 405
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-202-6_57
DO  - 10.2991/978-2-38476-202-6_57
ID  - Sudhana2024
ER  -