QR Cross: Border in Increasing Financial Integration in ASEAN

Endyastuti Pravitasari, Virgo Simamora, Indah Novitasari

2023

Abstract

QRIS Cross border is a cross-border payment solution using QR Code as a payment method. The use of QRIS Cross border is strengthened by "ASEAN-led Cross-Border Payment Connectivity, from ASEAN to Global as an economic pathway which aims to strengthen and improve cross-border payment connectivity in the region and encourage economic recovery, in line with the global attention of the G20. The aim of this research is to find out Benefits of using QRIS Cross Border? And what are the factors that support the success of QRIS Cross Border? In this research, the qualitative method and type of Systematic Literature Review (SLR) requires a regional payment system with cross-border and multi-currency capabilities to support regional growth with the ability cross-border and multi-currency to support the growth of economic activity in the ASEAN region. By emphasizing opportunities for regional payment system convergence in South Asia, which can speed up settlements, reduce transaction costs, and expand facilities. Overall, it shows that the implementation of the ASEAN cross-border payment system can improve trade facilities and economic integration in the region. Factors supporting the success of ASEAN cross-border payments. Found that the existence of GDP and the real exchange rate has an impact on e-commerce trade across countries in the ASEAN region. that it is important to develop market infrastructure and create incentives for investors to encourage cross-border investment in the ASEAN region. The overall factors show that the implementation of the ASEAN cross-border payment system can improve trade facilities and economic integration in the ASEAN region.

Paper Citation

in Harvard Style

Pravitasari E., Simamora V. and Novitasari I. (2023). QR Cross: Border in Increasing Financial Integration in ASEAN. In Proceedings of the 4th International Seminar and Call for Paper - Volume 1: ISCP UTA '45 JAKARTA; ISBN 978-989-758-691-0, SciTePress, pages 364-369. DOI: 10.5220/0012582300003821

in Bibtex Style

@conference{iscp uta '45 jakarta23,
author={Endyastuti Pravitasari and Virgo Simamora and Indah Novitasari},
title={QR Cross: Border in Increasing Financial Integration in ASEAN},
booktitle={Proceedings of the 4th International Seminar and Call for Paper - Volume 1: ISCP UTA '45 JAKARTA},
year={2023},
pages={364-369},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012582300003821},
isbn={978-989-758-691-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Seminar and Call for Paper - Volume 1: ISCP UTA '45 JAKARTA
TI - QR Cross: Border in Increasing Financial Integration in ASEAN
SN - 978-989-758-691-0
AU - Pravitasari E.
AU - Simamora V.
AU - Novitasari I.
PY - 2023
SP - 364
EP - 369
DO - 10.5220/0012582300003821
PB - SciTePress