What is QRIS? A Complete Guide and How to Deposit via QRIS on Bittime

In today's digital era, non-cash payments have become part of everyday life.

One of the most frequently used payment systems in Indonesia is QRIS. Not only for shopping or paying for coffee, QRIS can now also be used for various purposes, including deposit crypto. 

So what exactly is QRIS and how do you make a deposit via QRIS on Bittime? Read this article to find out more!

What is QRIS?

QRIS stands for Quick Response Code Indonesian Standard. Simply put, QRIS is a national QR Code payment standard established directly by Bank Indonesia.

QRIS was created so that all QR Code-based transactions in Indonesia can use one and the same standard, without the hassle of different applications or different providers.

With QRIS, you can pay using various payment applications such as OVO, DANA, GoPay, ShopeePay, to mobile banking, but enough with just one QR Code. 

This is what makes QRIS often referred to as a game changer in Indonesia's digital payment system.

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The Purpose and Important Role of QRIS in Indonesia

QRIS is not only designed to facilitate payments, but also plays a strategic role in the digital financial ecosystem.

First, QRIS becomes the gateway for MSMEs to the digital world. With QRIS, small businesses don't need to provide multiple payment methods; a single QR code is enough to accept multiple payment methods.

Second, QRIS supports various sources of funding, from e-wallet balances, debit cards, credit cards, to server-based e-money. This makes transactions more flexible and efficient.

Third, QRIS opens up opportunities to access other digital financial services, such as financing, savings, to investments, including crypto asset investments.

In addition, QRIS also supports cross-border payments via QRIS Inter-country with the use of local currencies, which helps economic stability.

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Benefits of QRIS for Users and Merchants

Here are the benefits of QRIS for consumers and merchants:

Benefits of QRIS for Users

- Pay just by scanning, practical and fast.

- No need to carry cash.

- Can use any payment application.

- Safer because it is supervised by Bank Indonesia.

- Suitable for digital lifestyle.

Benefits of QRIS for Merchants

- Can accept all QR payments.

- Transactions are recorded automatically.

- Reduce the risk of counterfeit money.

- No change needed.

- Neater for business bookkeeping.

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Types of Payment Using QRIS

The following are the types of payments using QRIS:

1. Merchant Presented Mode (MPM)

MPM is a model in which a merchant displays QRIS, then the customer does a scan.

- Static MPM: QRIS is printed or affixed, suitable for MSMEs.

- Dynamic MPM: QRIS appears from EDC machines or applications, suitable for large merchants.

2. Consumer Presented Mode (CPM)

At CPM, customers who show QRIS, then the merchant performs a scan. It's typically used in transportation, parking, or modern retail that requires fast transactions.

Besides that, QRIS continues to develop through various innovations, such as:

- QRIS Without Face-to-Face for remote transactions.

- QRIS TUNTAS (Withdraw Cash, Transfer, and Deposit Cash).

- Inter-country QRIS for cross-border payments.

This innovation makes QRIS even more relevant, not only for shopping, but also for other financial needs.

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How to Deposit via QRIS on Bittime

One of the increasingly popular uses of QRIS is deposit crypto. How to deposit on Bittime via QRIS is very easy and fast, even suitable for beginners.

Here are the steps:

1. Open the Bittime app and log in to your account.

2. Select the menu “IDR Deposit” on the main page.

3. Select “E-Wallet” then select the method “"QRIS".

4. Enter nominal deposit (minimum Rp10,000).

5. Click “Deposit Now”.

6. Scan the QR Code using an e-wallet such as OVO, DANA, GoPay, or ShopeePay.

7. Confirm payment.

8. Wait for the success notification and check the balance in the Bittime wallet.

The balance is usually in seconds and can be used directly to buy crypto assets such as USDT or BTC.

When making deposits via QRIS at Bittime, make sure the account is already complete KYC; save proof of payment (screenshot); if the transaction fails, wait 5 minutes and then try again; and contact Bittime customer support if the balance has not been entered.

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Conclusion

So, what is QRIS? QRIS is a national QR code-based payment standard that simplifies digital transactions in Indonesia. With a single QR code, all payment methods can be used practically, securely, and efficiently.

Meanwhile, How to deposit via QRIS on Bittime i's very simple and fast. Simply scan the QRIS from your favorite e-wallet, and your balance will be instantly credited without any hassle.

For those of you who want to start investing in crypto with a small amount, this method is clearly a practical and modern choice.

Read Also: How to Buy USDT with QRIS: Easy Steps for Beginners!

How to Buy Crypto on Bittime

Want to trade sell and buy Bitcoins and easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ  

What is QRIS?

QRIS is a national payment QR Code standard established by Bank Indonesia to facilitate digital transactions.

Is QRIS safe to use?

Yes, QRIS is safe because all service providers are supervised and licensed by Bank Indonesia.

What is the minimum QRIS deposit at Bittime?

The minimum deposit via QRIS at Bittime is IDR 10,000.

What e-wallets can be used for QRIS on Bittime?

You can use OVO, DANA, GoPay,ShopeePay, and other e-wallets that support QRIS.

How long does it take for the balance to be credited after a QRIS deposit?

Usually the balance is entered within seconds after a successful payment.