What QRIS and BI Fast mean for Indonesia’s digital payments scene

More: Binance calls off FTX acquisition, and Meta announces layoffs. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} It boggles the mind to think about how far the payments scene in Southeast Asia has come. Some five or six years ago, cash was still king and the de facto mode of payment in places. Now, e-wallets and QR-based payments have become increasingly common. Here in Singapore, the development of the PayNow funds transfer system has made it easier than ever to transact through digital platforms. It’s also typical to see universal QR codes at businesses, which allow them to accept payments from a whole plethora of payment apps - whether it's PayNow, GrabPay, FavePay, or one of the other e-wallets available in the city-state (there’s a lot). This is happening as well in Indonesia, with the growing adoption of QRIS and BI Fast. The adoption of these systems has some interesting implications for the archipelago’s digital payments scene. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [QRIS, BI Fast propel banks’ fight against e-wallets in Indonesia]( While e-wallets first popularized digital payments in the country, the new payment systems are spurring on demand for bank apps. ---------------------------------------------------------------  TECH IN ASIA ORIGINALS Tech in Asia Originals is where we produce video content that aims to breathe life into the people, companies, and markets in Asia's startup ecosystem. 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We’re currently accepting applications for our December cohort, so if you’re looking to start the new year strong with the help of a mentor, [apply for the TIA School Mentorship Program]( by November 30! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Head Internal Audit]( at KoinWorks Jakarta, Indonesia - [Senior Mobile Developer]( at Youtap Indonesia Jakarta, Indonesia - [Payment gateway Manager]( at PT Bimasakti Multi Sinergi Sidoarjo, Indonesia - [Personal Executive Assistant]( at PT Wahana Semesta Ilmu Jakarta, Indonesia - [Full-Stack Developer]( at Humata Indonesia Jakarta, Indonesia - [Senior Quality Assurance]( at GGL Life Surabaya, Indonesia --------------------------------------------------------------- [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. 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