Bank DBS Indonesia presents DBS MAX QRIS to strengthen digital corporate banking capabilities | Bahasa

Indonesia.13 Oct 2021.3 min read
Indonesia, 13 Oct 2021 - Rapid digital developments have influenced the way corporations and small and medium enterprises (SMEs) operate in various sectors, including the financial and banking sectors. Digital transformation plays an important role in meeting the need for services that enable business people to conduct digital transactions. The results of the third edition[1] of the DBS Digital Readiness survey reveal that in terms of digital progress, SMEs in Singapore are the pacesetters with 72% having digital transformation strategies, followed by Hong Kong (47%), China (44%), Taiwan (38%), India (25 %) and Indonesia (20%).

After launching This is DBS Digibanking last month, Bank DBS Indonesia strengthened the capabilities of DBS Corporate Banking Digital Solutions with the introduction of DBS MAX QRIS, a digital acceptance system using the Quick Response Indonesia Standard (QRIS) for corporate customers. DBS MAX QRIS delivers enhanced technology for billing and reconciliation needs of corporate customers, allowing for transaction processing from buyers to occur in real-time simply by scanning the payment codes (scan and pay). The service is an innovation of the This is DBS Digibanking campaign that provides an unlimited experience for corporate and SME customers in running their daily business. By presenting DBS MAX QRIS, Bank DBS Indonesia also supports the directions, plans, and strategies of Bank Indonesia incorporated in the Payment System Blueprint 2025 that was launched in 2019.

“As a bank that continues to innovate and provides the best service for customers, Bank DBS Indonesia presents DBS MAX QRIS through the This is DBS digibanking campaign. DBS MAX QRIS enables corporate customers to digitally generate QRIS codes via the DBS API - DBS RAPID - that was launched in 2019; obtain real-time receipts for transactions done by the payer by scanning the DBS QRIS code; receive real-time transaction notifications through Instant Credit Notifications; and download reports that integrate transactions from various channels, including QRIS, through the QRIS-Encore report that can be downloaded via our DBS internet banking, DBS IDEAL. The service is expected to be a solution that simplifies the transaction and bookkeeping process for corporate customers in running their business,” said Head of Global Transaction Services, PT Bank DBS Indonesia, Jusuf Iwan Rusli.

DBS prioritizes integration with customers’ systems for this DBS MAX QRIS service to maximize the digital experience and journey of users and merchants. Therefore, the use of an API (Application Programming Interface), which is integrated with DBS RAPID, is part of the DBS MAX QRIS solution.

To support digital transformation in SMEs, the use of Application Programming Interface (API) and smart contracts – under the condition that the transaction agreement between the buyer and seller is directly written into the lines of code, is expected to gain popularity among business people across Asia. 82% of businesses in Asia-Pacific (APAC) see API as an important component of their future digital strategy. API connectivity with banks, for example, is expected to expand over the next 12 months, with 56% of SMEs and 65% of large and mid-market enterprises planning to implement APIs in their banking relationships.

The launch of DBS MAX QRIS is in line with the readiness of corporate customers to adopt digital systems. Specifically, in terms of investment in digitizing sales and distribution channels, SMEs in APAC have twice as much technology budgets as large and mid-market companies (21% compared to 10%). In terms of digital support, banks will remain the preferred partner for businesses in APAC. This is to keep pace with fintech innovation and find the right digital solution, with nearly eight in 10 businesses (85%) saying digital banking as the preferred choice (up from 69% in 2020).

Rachel Chew, Group Head Cash Management Product, Global Transaction Services, DBS, said, “Introducing the DBS MAX QRIS service in Indonesia is a testament to our commitment to continuing to innovate and expand digital transformation for our corporate customers. DBS MAX QRIS allows our corporate customers to efficiently manage the process of payment from buyers through the "Scan and Pay" service. This makes it easier for customers to continue to operate and receive payments without physical interaction and this is the convenience offered by DBS MAX QRIS.”



About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit


[1] The third edition of the DBS Digital Readiness survey involved approximately 2,600 corporate treasurers, CEOs, CFOs and business owners across 13 markets in Asia-Pacific (APAC)

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