| Feature | QRIS (Scan-to-Pay) | Standard Bank Transfer (Manual) | Credit/Debit Card |
| Speed & Settlement | Instant (Real-Time) | Delayed (Hours/Days) | Instant or Near-Instant |
| Data Entry | Zero Manual Input (Data embedded in the QR code) | High Manual Input (Account number, name, amount) | High Manual Input (16 digits, CVC, Expiration Date) |
| Security Mechanism | PIN/Biometric authentication required in the user’s trusted banking app | Often only requires an OTP on file or a physical token | Requires sharing card details with the merchant |
| Error Risk | Extremely Low (Amount and recipient are auto-validated by the app) | High (Risk of mistyping account numbers/amounts) | Low (Mistyping leads to immediate rejection) |
| Anonymity/Privacy | High (The merchant only receives a successful payment notification, not the bank account number) | Low (Bank account details are exposed to the merchant’s system) | Low (Card number is stored or processed by the merchant’s PSP) |
| Convenience | Uses a single, universal QR code standard for all major e-wallets and banks. | Requires the merchant to have multiple account numbers for different banks/providers. | Card compatibility issues can arise. |
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Key Advantages of QRIS for Users
1. Superior Speed and Real-Time Confirmation
Slot QRIS operates on an instant, real-time payment network. Unlike traditional bank transfers, which often operate in batches with cutoff times and can take hours or even days to settle, a QRIS transaction is confirmed and settled in seconds. This allows for a true “scan-to-spin” experience with virtually zero downtime between deposit and play.
2. Enhanced Security and Data Protection
The QRIS system employs a “pull” rather than a “push” model when it comes to user data, which offers two critical security benefits:
- No Exposure of Financial Data: The user never inputs or shares sensitive financial information (bank account number, card number, or credit card CVC) with the slot platform. The transaction is authorized entirely within the user’s trusted mobile banking or e-wallet application using their PIN or biometric authentication.
- Two-Factor Authorization: The use of the user’s personal PIN/biometrics acts as a robust second factor of authentication, protecting the transaction from unauthorized use even if the QR code is intercepted.
3. Universal Interoperability (CEMUMUAH Principle)
QRIS, mandated and regulated by Bank Indonesia, adheres to the CEMUMUAH principle (Fast, Easy, Cheap, Secure, and Reliable). This means one QR code at the merchant can be scanned by virtually any participating mobile banking application or e-wallet (e.g., DANA, GoPay, OVO) in the country, eliminating the compatibility issues common with traditional bank transfers or international e-wallets.
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