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Communication Department​

8/17/2021 12:00 AM
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Bank Indonesia Launches National Open API Payment Standard and Sandbox Trials of QRIS and Thai QR Payment Interconnectivity

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Bank Indonesia has launched the National Open API Payment Standard (SNAP) as well as sandbox trials of Quick Response Code Indonesia Standard (QRIS) and Thai QR Payment interconnectivity. The launch ceremony was hosted virtually today on Indonesian Independence Day (17/08), entitled “Accelerating the Digital Economy and Finance for Faster National Economic Growth”.  SNAP is a national standard set by Bank Indonesia comprising protocols and instructions to facilitate open inter-application interconnectivity in terms of payment transaction processing. SNAP aims to create a healthy, competitive and innovative payment system industry that can provide efficient, secure and reliable payment system services to the public.  SNAP was compiled by the Indonesia Payment System Association (ASPI) through a national working group.  Meanwhile, cross-border QRIS development with Thailand represents a new milestone of facilitating public activity in both countries, specifically targeting travellers.

The Governor of Bank Indonesia, Perry Warjiyo, confirmed that the latest BI initiative is a form of digitalisation innovation synergy towards the advancement of the country as a gift for Indonesia's 76th anniversary. “We are writing history, not only in the present but also moving forward.   Innovation synergy is becoming more tangible in this country for the independence of the Republic of Indonesia and the advancement of the national economy,” enthused Governor Perry.  Kartika Wirjoatmodjo, Chairman of the Association of Indonesian Private Commercial Banks (PERBANAS), took the opportunity to confirm that the application of a national standard for payment system digitalisation will foster and optimise the innovation of banking services, while simultaneously accelerating the national economic recovery.  Santoso Liem, Chairman of the Indonesia Payment System Association (ASPI), stated that the initiatives undertaken by Bank Indonesia are reforming the digitalisation landscape towards Indonesia Maju (Onward Indonesia).  Meanwhile, Pandu Patria Sjahrir, Chairman of the Indonesia FinTech Association (Aftech), reiterated Aftech's commitment to supporting BI initiatives as an integral part of Indonesia Payment System Blueprint (BSPI) 2025 implementation.

SNAP implementation is a critical phase of accelerating open banking in the payment systems space.  The initiative is the manifestation of the Indonesia Payment System Blueprint (BSPI) 2025 vision to accelerate national economic and financial digitalisation, including through open banking initiatives.  Application of the national standard is expected to create integration, interconnectivity and interoperability among API operators, thus driving payment system efficiency. Consistent with practices in several other countries, Open API payment standardisation is expected to reduce industry fragmentation and simultaneously accelerate financial and economic digitalisation in Indonesia. SNAP implementation was preceded by a consultative paper on Open API Payment Standards published by Bank Indonesia in the first quarter of 2020.

Interoperability and interconnectivity between Quick Response Code Indonesia Standard (QRIS) and Thai QR Payment was realised through close collaboration and synergy between Bank Indonesia, Bank of Thailand, ASPI, switching providers in both countries, bank appointed cross currency dealers (ACCD) and payment service providers.  Switching-to-switching interconnectivity has been developed by switching providers in both countries, namely Rintis, Artajasa, Jalin and Alto in Indonesia as well as National ITMX (NITMX) in Thailand.  Furthermore, Local Currency Settlement (LCS) is being used for transaction settlement through bank ACCD in Indonesia, namely BCA, BNI and BRI as well as bank ACCD in Thailand, namely Bangkok Bank (BBL), Bank of Ayudhya (Krungsri) and CIMB Thai Bank (CIMBT).  Full cross-border commercial QR implementation is planned for the first quarter of 2022.


Jakarta, 17th August 2021

Head of Communication Department

Erwin Haryono

Executive Director

Information about Bank Indonesia

Tel. 021-131, Email:

Contact Center Bank Indonesia Bicara: (62 21) 131
e-mail :
Jam operasional Senin s.d. Jumat Pkl. 08.00 s.d 16.00 WIB
Halaman ini terakhir diperbarui 8/19/2021 9:17 AM
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