SEOUL, October 31 (AJP) - Woori Card has become the first South Korean credit card company to introduce a QR-based payment and cash withdrawal service in Indonesia.
The company unveiled the service on Friday at the 2025 Indonesia Digital Finance Festival in Jakarta, in partnership with the Korea Financial Telecommunications & Clearings Institute. The system allows users to make payments and withdraw cash using a single QR code generated through Woori Card’s mobile app.
As part of the launch, Woori Card also signed a multilateral memorandum of understanding to develop a “cardless ATM” service that enables withdrawals via QR code. The new service is awaiting approval from Indonesia’s central bank and is expected to go live by the end of the year, with plans to expand later to other Asian markets, including Vietnam, the company said.
“By entering the overseas QR payment market, we aim to build a convenient and secure payment ecosystem across Asia,” said Jin Seong-won, Woori Card’s chief executive.
In Southeast Asia, digital payment adoption has accelerated rapidly amid a surge in smartphone usage and government-backed initiatives, according to Woori Card.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Copyright ⓒ Aju Press All rights reserved.
