The 2023 National QRIS Week has become the main focus of Micro, Small, and Medium Enterprises (SMEs) throughout Indonesia. This activity is a government initiative to introduce and optimize the potential of the QRIS (Quick Response Code Indonesian Standard) payment system as a payment method that can advance the SME sector. This event aims to provide a deeper understanding of the use of QRIS and its benefits for SME actors. This activity is expected to be able to make a significant contribution to supporting economic growth and the progress of SMEs in Indonesia.

Maybank also participates in optimizing the potential of QRIS for the advancement of Indonesian SMEs. Maybank QR Pay , which is an implementation of the QRIS (Quick Response Code Indonesian Standard) payment system, provides several benefits for Micro, Small, and Medium Enterprises (SMEs) in Indonesia. Here are some of the main benefits that can be obtained by SMEs by using Maybank QR Pay:

1.   Easy Transaction

QR Pay provides convenience in the transaction process for SMEs. Customers can make non-cash payments easily by simply scanning the QR code displayed by SMEs at their place of business. This fast and efficient payment process reduces queue time and speeds up customer turnover, which in turn can increase business productivity. Only through the smartphone on the M2U ID App, scan the QR then the payment is successful. It is easy and practical, right?

2.   Efficient Financial Management

Using QR Pay allows SMEs to record all transactions electronically. With this financial management becomes more efficient and structured. SMEs can easily access neat and detailed transaction reports, making it easier to control cash flow, track income, and identify sales trends. Efficiency in financial management can help SMEs make more appropriate and sustainable business decisions.

3.   Access to different Consumers

The use of QR Pay allows SMEs to access a variety of consumers. All consumers who have debit cards, credit cards, or digital wallet applications that support QRIS can easily make payments at SMEs using QR Pay. By expanding market reach, SMEs have greater opportunities to attract new customers and increase their consumer base.

4.   Increase Sales

Kemudahan dan kenyamanan yang ditawarkan oleh QR Pay dapat meningkatkan minat konsumen untuk berbelanja lebih banyak di UMKM. Proses pembayaran yang cepat dan tanpa masalah membuat pelanggan lebih terpikat untuk bertransaksi secara lebih sering. Selain itu, UMKM dapat memanfaatkan fitur promosi khusus dan program loyalitas yang terintegrasi dengan QR Pay untuk meningkatkan daya tarik produk dan layanan mereka, yang berpotensi meningkatkan penjualan secara keseluruhan.

5.   Safe Transaction

The use of QR Pay also provides a higher level of security for SMEs. Cashless transactions with QR Pay reduce the risk of theft or loss of cash because all transactions are recorded electronically. In addition, each transaction has a unique QR code that is different each time it is made, reducing the risk of fraud and data leakage.

6.   Promotion and Loyalty Program

QR Pay can be integrated with various promotional programs and loyalty programs offered by SMEs. For example, SMEs can provide special discounts or cashback for customers who make payments using QR Pay. This can be an extra attraction that increases customer interest in shopping at SME businesses repeatedly.

7.   Supporting digital transformation

Using QR Pay is part of the digital transformation that is increasingly needed by SMEs. This is because it is a solution for the lifestyle of people who prefer convenience and practicality through cashless payments. Customers can practically scan QR via the M2U ID App so it is expected to modernize SME transactions with more practical and efficient transactions. In the era of technology and information, businesses need to continue to innovate and keep abreast of technological developments to compete better in an increasingly competitive market.

Using Maybank QR Pay for SMEs is very easy. First, SMEs need to register as merchants at Maybank and activate the QR Pay feature on their accounts. After registration is complete, SMEs will be given a unique QR code that is linked to their account. QRIS is available 24/7 at more than 25 million merchants. The settlement/payment process to the merchant's account can be done on the same day.

Apply to become a merchant click here..

When customers want to pay, SMEs only need to display the QR code at their place of business or on the payment receipt. Customers can then scan the QR code using digital payment applications such as Maybank QR Pay or other digital wallet applications that support QRIS.

After the QR code is read, the customer only needs to enter the payment amount and the transaction is complete.

As an SME player, using Maybank QR Pay as a payment solution can bring many benefits and help increase business competitiveness. Let's welcome the digital era together by realizing the spirit of 45! Stepping forward towards the progress of SMEs in Indonesia through Maybank QR Pay

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