For this reason, a number of initiatives and incentives have been taken, including the extension of the 0% QRIS merchant discount rate (MDR) for micro businesses until 31 December 2022 and an increase in the QRIS transaction limit from Rp5 million to Rp10 million per transaction since 1 March 2022. Graph 18. BI-FAST Transactions  Graph 19.
In the current environment, we do see a silver lining: in the face of rising competition, we see the market growing as the benefits of development programs and fresh investments increasingly find their way to the countryside. We see for instance the positive impact of infrastructure development, tourism and even the conditional cash transfer program.