South Korea Indonesia Cross-Border QR Payments to Launch in April 2026

South Korea Indonesia cross-border QR payments are set to launch in April 2026, enabling visitors to pay at merchants in either country using domestic QR apps, Bank Indonesia said.

The Indonesian central bank and the Bank of Korea reviewed progress on the interlinkage and agreed to keep working closely as they move toward launch.

Talks began in 2023 and led to a memorandum of understanding signed in July 2024, with the service operating alongside the Local Currency Transaction framework in place since September 2024.

The linkage is expected to cut foreign-exchange and transaction fees and support trade, tourism and consumer spending, the bank said.