Foreign Minister Sugiono Offers QRIS as Reference for BRICS Countries’ Digital Transactions

Source: TribunNews.com | Original Published At: 2026-05-15 02:17:42 UTC

Key Points

• Indonesia's Foreign Minister Sugiono offered QRIS (Quick Response Code Indonesian Standard) as a reference model for BRICS digital payment system development.
• The proposal was delivered at the BRICS Foreign Ministers Meeting (FMM) in New Delhi, India on May 14, 2026.
• QRIS has proven successful as an inclusive digital innovation in Indonesia's domestic market.
• The system has already been tested in cross-border transactions with several ASEAN countries.
• Indonesia expressed readiness to share its experience in managing the national payment system with other BRICS members.
• Sugiono emphasized BRICS should align economic policies to reduce dependence on traditional financial systems.
• Indonesia supports expanding local currency settlement in trade among BRICS countries.