Depositing to INDODAX via QRIS from someone else's account? That stops now.
• From Nov 5, 2026, 14:00 WIB, every QRIS deposit on INDODAX goes through name verification (name matching)
• Funds must come from a bank account or e-wallet in the account holder's own name, to curb account misuse and fraud
• QRIS limits: min Rp10,000, max Rp10,000,000 per deposit, 0.7% fee, banks and e-wallets except GoPay
Why it matters: QRIS is a popular rupiah on-ramp in Indonesia; automatic name matching tightens anti-fraud and AML controls at a major local exchange.
Source: INDODAX
Not financial advice.
💬 Do stricter deposit checks make you trust a local exchange more?
#INDODAX #Indonesia #QRIS
• From Nov 5, 2026, 14:00 WIB, every QRIS deposit on INDODAX goes through name verification (name matching)
• Funds must come from a bank account or e-wallet in the account holder's own name, to curb account misuse and fraud
• QRIS limits: min Rp10,000, max Rp10,000,000 per deposit, 0.7% fee, banks and e-wallets except GoPay
Why it matters: QRIS is a popular rupiah on-ramp in Indonesia; automatic name matching tightens anti-fraud and AML controls at a major local exchange.
Source: INDODAX
Not financial advice.
💬 Do stricter deposit checks make you trust a local exchange more?
#INDODAX #Indonesia #QRIS