Moolahgo, a prominent FinTech company licenced by the Monetary Authority of Singapore, has launched the QRIS (Quick Response Code Indonesian Standard) “Scan & Pay” feature on its digital wallet, moolahPAY. This makes moolahPAY the first non-bank mobile wallet in Singapore to support QRIS, enabling secure digital payments at approximately 40 million QRIS-enabled merchants in Indonesia, including major e-commerce platforms like Lazada, Shopee, and Tokopedia.
The integration of QRIS into moolahPAY offers several advantages, such as enhanced security through personal PIN access, eliminating the need for physical cards. It also provides a cashless and contactless payment method, avoiding the typical 2% to 5% card transaction fees. Additionally, moolahPAY offers competitive exchange rates and periodic rewards for QRIS transactions. Users can top up in Singapore Dollars and pay in Indonesian Rupiah using real-time exchange rates, reducing currency exchange risks.
QRIS, developed by Bank Indonesia, consolidates multiple payment providers into a single interoperable system. It is widely preferred by Indonesian consumers and merchants for its convenience, security, and affordability. Beyond Indonesia, QRIS is also supported in Singapore, Thailand, Malaysia, and Japan, enhancing convenience for travellers.
John Hakim, CEO of Moolahgo, stated, “The integration of QRIS ‘Scan & Pay’ with moolahPAY underscores our commitment to financial inclusion and innovation.” This initiative aligns with regional efforts to build interoperable payment ecosystems and supports financial inclusion and cross-border connectivity, a central theme at the ASEAN Ministerial Summit in Malaysia in July 2025. Moolahgo is also extending QRIS payment capabilities to other financial institutions through its neoConnect platform.
“`
