meta_id 3029667

On April 1, 2026, the Bank of Korea announced the implementation of a bilateral QR code-based payment service between South Korea and Indonesia. The service enables cross-border payments using QR code technology, facilitating electronic financial transactions between the two countries. The QR code-based payment service represents an expansion of digital payment infrastructure in the region, allowing consumers and businesses in both nations to conduct transactions more efficiently. This development follows ongoing cooperation between the Bank of Korea and Bank Indonesia (the central bank of Indonesia) to establish interconnected payment systems. The service is designed to streamline cross-border payment processes and enhance financial accessibility for users in both jurisdictions. The Electronic Finance Division of the Bank of Korea is responsible for overseeing the implementation and operation of this service. Further details regarding the technical specifications, participating institutions, and operational procedures are available in the official press release documentation released by the Bank of Korea. **Reference:** Bank of Korea Press Release, April 1, 2026