Bank Indonesia to Use QRIS Transaction Data as Reference for MSME Credit Scoring
The central bank will steer QRIS transaction records toward creditworthiness assessment for small merchants, while tightening merchant KYC as part of anti-gambling measures.
Bank Indonesia has stated that QRIS transaction data will be directed to become one of the references for assessing creditworthiness, particularly for micro and small merchants. The statement came from Deputy Governor Destry Damayanti at the Danantara TIIF 2026 forum on October 26. Supporting data from Q3 2026 shows QRIS transaction volume growing 75.8% year on year, with 70.6 million users and 49.4 million registered merchants, 97% of them MSMEs.
In parallel, BI is tightening QRIS merchant verification — covering identity, business field, legality and transaction profile — as part of four measures against online gambling. The direction ties payment-system data to lending decisions at a scale never previously available to Indonesia's micro-credit market, where most small merchants lack formal financial statements.
Implementation will demand much stricter merchant verification and clean data pipelines across banks, payment service providers and aggregators. The central bank's quarterly policy report for Q3 2026 documents the same trajectory. Data-sharing rules under the Personal Data Protection Law and a forthcoming PBI on payment system data, expected from Q4 2026, will shape how far and how fast the scheme can go.