CIMB Niaga is among eight payment service providers participating in Bank Indonesia’s (BI) newly launched Indonesian Credit Card (KKI), which offers individuals and businesses a new credit payment option for transactions conducted through the country’s Quick Response Code Indonesian Standard (QRIS) payment system.
CIMB Niaga Tbk, Indonesia’s sixth-largest bank by assets, is majority-owned by Malaysia-based CIMB Group, making it one of the more prominent regional players involved in this latest payment system initiative.
Acting Bank Indonesia Governor Destry Damayanti said the initiative, launched in conjunction with Indonesia’s 81st Independence Day, was aimed at ensuring advances in the payment system contribute meaningfully to economic growth while delivering tangible benefits to the public.
“This policy response stems from the optimism that it represents a tangible contribution by Bank Indonesia together with the payment system industry to the Indonesian nation, while also serving as an independence gift to the public,” she said in a statement, underscoring the symbolic timing of the launch alongside its practical economic objectives.
BI said eight payment service providers had issued the KKI as of Aug 17, namely BCA, Bank Mandiri, BNI, BRI, CIMB Niaga, Permata Bank, Bank Mega and BSI, with the latter developing a sharia-compliant financing scheme to cater to Islamic banking customers.
BI also reported that as of June, QRIS had recorded 65.77 million users and 44.86 million merchants, of which 96.68% were micro, small and medium enterprises (MSMEs), highlighting the payment system’s deep penetration into Indonesia’s grassroots business community.
A total of 12.55 billion transactions worth 1.12 quadrillion rupiah were recorded in the first half of 2026 alone, reflecting the rapid growth and adoption of QRIS-based payments across the country.
Meanwhile, Antara News Agency reported that the KKI, which was previously issued only to central and regional government agencies to support government spending, has now been expanded to individuals and corporations for both conventional and sharia-compliant services, with the initial rollout taking the form of a digital card.
BI Payment System Policy Department head Ryan Rizaldy was quoted as saying that the KKI would subsequently be developed further to facilitate online payments as well as offline transactions using physical cards, signalling BI’s intention to broaden the card’s functionality and accessibility over time as the programme matures.
