Minister of Cooperatives Budi Arie Setiadi stated that all transactions at the Merah Putih Village Cooperative will be carried out cashlessly using the Quick Response Code Indonesian Standard (QRIS).
Budi Arie said that this step was taken as part of an effort to create a transparent, professional and accountable cooperative financial system, as well as to minimize the occurrence of fraud .
"I have told the Governor of Bank Indonesia that everything will be cashless , digital payments using QRIS," he said after the coordination meeting of the Red and White Kopdes Task Force.
Budi Arie explained that this non-cash transaction policy is also part of a broader strategy to create a sustainable cooperative.
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