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Financial Diplomacy through QRIS: Mapping UMKM Perspectives on Financial Inclusion and Digital Sovereignty

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  • Feivy Selvida

    (Hasanuddin University)

Abstract

The rapid growth of digital payment systems has positioned QRIS (Quick Response Code Indonesian Standard) as a strategic instrument of financial diplomacy in Indonesia. This study examines the role of QRIS in promoting financial inclusion and digital sovereignty from the perspective of micro, small, and medium enterprises (UMKM). The research applied a Systematic Literature Review (SLR) using the PRISMA 2020 protocol. A total of 356 records were identified through database searching and additional sources. After removing 76 duplicates, 280 records remained for screening, of which 200 were excluded for irrelevance. Eighty full-text articles were assessed for eligibility, and 52 were excluded due to insufficient focus on QRIS, UMKM, or digital sovereignty. Finally, 28 articles were included in the qualitative synthesis. The findings reveal that QRIS significantly enhances financial inclusion by improving accessibility, efficiency, and transparency in small business transactions, while also contributing to digital sovereignty by reducing reliance on foreign-dominated payment infrastructures. However, challenges remain, particularly regarding digital literacy, infrastructure gaps, and regulatory adjustments. This study advances the discourse on financial diplomacy by linking digital innovation with national economic strategy, offering practical insights for policymakers, regulators, and UMKM stakeholders.

Suggested Citation

  • Feivy Selvida, 2026. "Financial Diplomacy through QRIS: Mapping UMKM Perspectives on Financial Inclusion and Digital Sovereignty," Advances in Economics, Business and Management Research,, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-709-5_110
    DOI: 10.2991/978-94-6239-709-5_110
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