Asia-Pacific · GDP rank #15
Indonesia
ID · IDR @ 0.0000566/USD
South East Asia's largest payments market continues to move from cash to QR faster than any G20 economy. QRIS transactions reached 7.83 billion year-to-date by May 2026 with 45 million merchants and 63 million users; Bank Indonesia opened the QRIS-China corridor on 30 April 2026, connecting 40 million Indonesian merchants to Alipay/UnionPay travellers. BI-FAST is the mature inter-bank rail; the wallet war between GoPay, OVO, DANA and ShopeePay continues to compress.
Tab 05
Cross-border
Inbound and outbound remittance corridors, tourism flows, FX markup on retail cross-border, and the country's posture on stablecoin adoption. Corridor figures come from the World Bank RPW feed or the publishing central bank; both are cited when they disagree.
Remittance inflows
USD · 2023
Remittance outflows
USD · 2023
Inbound tourism spend
USD · 2024
Tourist arrivals 15.8m in 2024; card + QRIS cross-border spend combined.
Outbound tourism spend
USD · 2024
Avg. corridor cost
% · Q4 2024
recipient
Top inbound corridors
- Saudi ArabiaUS$2.3B
via MTO
- MalaysiaUS$2.1B
via MTO
- United StatesUS$1.8B
via bank/MTO
Top outbound corridors
- PhilippinesUS$320M
via MTO
Cross-border card
Card flow leaving and arriving
Cards issued domestically and used abroad reflect outbound consumer travel and cross-border e-commerce; volume acquired from abroad reflects inbound tourism and foreign online shoppers.
Issued volume spent abroad
USD/year · 2024
Acquired volume from abroad
USD/year · 2024
FX cost
What consumers pay above the interbank
Retail FX markup is the spread between the mid-market rate and the rate the consumer receives — the single largest friction point in small-ticket cross-border.
- FX regime
- managed-float
- Reference
- Rupiah managed-float since 1997; BI intervenes to smooth volatility
Source · Bank Indonesia
Full reference
Remittances
Net Position: recipient
Source:
Cross Border QR
Live Corridors
- ID-TH (2022)
- ID-MY (2023)
- ID-SG (2023)
- ID-VN (2024)
- ID-PH (2024)
Cross-border QRIS transaction value
USD/year · 2024
Planned Corridors
- ID-JP (H2 2026)
- ID-KR (H2 2026)
- ID-IN (under study)