Korea, Indonesia launch cross-border QR code-based payment system
Published: 01 Apr. 2026, 20:30
![A participant scans a QR code to access job posts of positions offered at the Job Fair for International Students on May 19, 2025. [YONHAP]](https://koreaseafood.online/data/photo/2026/04/01/9a4b92eb-3d0c-4631-aeff-7059583db5dc.jpg)
A participant scans a QR code to access job posts of positions offered at the Job Fair for International Students on May 19, 2025. [YONHAP]
Travelers between Korea and Indonesia can now make payments without exchanging currencies using a QR code-based payment system, Seoul's central bank said Wednesday.
The cross-border QR payment service became available at stores in both countries on the day of its announcement, as the Bank of Korea (BOK) and Bank Indonesia established a local-currency transaction framework following a memorandum of understanding signed in July 2024, according to the BOK.
"The system is expected to reduce foreign exchange and transaction fee burdens, thereby facilitating bilateral exchanges and cooperation across a wide range of sectors, including trade, tourism and consumption," the BOK said in a statement.
The central bank plans to expand the service to online payment platforms in the future, and also aims to extend the QR-based payment system to other members of the Association of Southeast Asian Nations.
Yonhap
with the Korea JoongAng Daily
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