Bank Mandiri’s Cross-Border QR Transactions Surge 137% in Q1 2026 as China Expansion Strengthens Global Payment Reach – PT Bank Mandiri (Persero) Tbk recorded significant growth in its cross-border payment services during the first quarter of 2026. As of March 2026, transaction value through Bank Mandiri’s Cross-Border QR service soared 137% year-on-year (YoY) to Rp54 billion.
Bank Mandiri Expands Cross-Border QRIS to China
Most recently, Bank Mandiri expanded its international QRIS connectivity by launching Cross-Border QR services in China through Livin’ by Mandiri.
Jan Winston Tambunan, Director of Network and Retail Banking at Bank Mandiri, stated that this expansion is a strategic response to the growing global transaction needs of customers.
“The very significant growth in cross-border transactions reflects a shift in customer behavior toward global digital payments. Expansion into China is an important step to ensure customers can transact easily and seamlessly in one of the world’s largest digital payment ecosystems,” Jan said in an official statement.
Seamless Transactions Across Millions of Merchants in China
Through this feature, Bank Mandiri customers can now make payments at millions of merchants across China without the need to exchange cash or manually convert currencies.
Users simply scan the QR Pay feature in Livin’ by Mandiri at merchants displaying:
- UnionPay QR
- Alipay QR
This convenience provides a frictionless payment experience for Indonesian travelers and business users visiting China.
Broader International QR Coverage Across Key Destinations
The China expansion complements Bank Mandiri’s existing Cross-Border QR presence in several strategic countries, including:
- Malaysia
- Singapore
- Thailand
- Japan
- South Korea
This broader coverage strengthens Bank Mandiri’s role in building an integrated global payment network through strategic partnerships.
Future Expansion Plans for Strategic Global Destinations
Looking ahead, Bank Mandiri plans to continue expanding its Cross-Border QR services to additional key destinations in line with rising global transaction trends and increasing demand for practical digital payment solutions.
“Bank Mandiri will continue expanding Cross-Border QR coverage to other strategic destinations as cross-border transaction trends grow and customers demand more practical, integrated digital payment solutions,” Jan added.
QRIS Bank Mandiri User Growth Accelerates in Q1 2026
Throughout Q1 2026, Bank Mandiri’s QRIS ecosystem also posted strong domestic growth:
Key QRIS Performance Highlights:
- Total QRIS users: 9.9 million
- User growth: +41% YoY
- Transaction value: Rp64 trillion
- Transaction growth: +76% YoY
These figures demonstrate the accelerating adoption of digital payments among Bank Mandiri customers.
Livin’ by Mandiri Reaches 39.1 Million Users
Bank Mandiri’s flagship digital platform, Livin’ by Mandiri, also delivered impressive results by the end of March 2026:
Livin’ by Mandiri Performance:
- Total users: 39.1 million
- Total transaction value: Rp1,200 trillion
This strong growth highlights Livin’ by Mandiri’s increasing dominance in Indonesia’s digital banking ecosystem.
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