CIMB Niaga Joins Bank Indonesia’s Launch Of KKI Credit Card For QRIS Payments
JAKARTA, Aug 17 (Bernama) -- 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 through the country’s Quick Response Code Indonesian Standard (QRIS) payment system.
CIMB Niaga Tbk is Indonesia’s sixth-largest bank by assets and is majority-owned by Malaysia-based CIMB Group.
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 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.
BI said eight payment service providers had issued the KKI as of Aug 17: BCA, Bank Mandiri, BNI, BRI, CIMB Niaga, Permata Bank, Bank Mega and BSI, with the latter developing a sharia-compliant financing scheme.
BI also said that as of June, QRIS had 65.77 million users and 44.86 million merchants, of which 96.68 per cent were micro, small and medium enterprises. A total of 12.55 billion transactions worth 1.12 quadrillion rupiah were recorded in the first half of 2026.
Meanwhile, Antara News Agency reported that the KKI, previously issued only to central and regional government agencies to support government spending, has now been expanded to individuals and corporations for conventional and sharia-compliant services, with the initial rollout in 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 to facilitate online payments and offline transactions using physical cards.
-- BERNAMA