Alto Network's Daily Transactions Surge, QRIS Becomes the Backbone
PT Alto Network (ALTO), a provider of payment system infrastructure, recorded positive business growth in the first quarter of 2026. Daily transactions grew by 75% year-on-year (yoy) as of March 2026.
“In March 2026, we recorded daily transactions reaching 30 million, up 75% annually,” said CEO of Alto Network, Gretel Griselda, during a business update press conference and the inauguration of Askara Connect and Askara Collab by PT Alto Network in South Jakarta on Thursday (9/4/2026).
Gretel explained that the business sector contributing the most to the growth in daily transactions for Alto Network was the implementation of the Quick Response Code Indonesian Standard (QRIS). QRIS recorded growth of up to 89% (yoy).
“In terms of performance, the largest contribution is still held by QRIS for Alto,” she stated.
In addition to QRIS, four other business sectors contributed to the growth: transfers (both via ATM and mobile banking), ATM withdrawals, debit card payments, and bill payments.
Gretel revealed that the company’s business growth is moving positively, in line with the strong purchasing power of the population, according to collected data. This is particularly influenced by major national religious holidays (HBKN) such as Ramadan and Eid al-Fitr.
“Data shows that consumer purchasing power in Indonesia remains very strong. From March 2025 to March 2026, data indicates that purchasing power grew by 89%, with transaction volume increasing by 50%. It turns out that Indonesians are still quite consumptive,” she explained.
Nevertheless, Gretel noted a decline in performance, specifically in the withholding of large-ticket purchases, which recorded a 16% correction (yoy) in March 2026. According to her, this decline is an impact of economic uncertainties arising from the ongoing war in the Middle East region.
“This means there is still an impact from the war on the withholding of large-ticket purchases. Actually, the amount spent or the types of transactions might still be the same or even tending to increase. However, in terms of value for money, people tend to still hold back on spending on large-ticket items,” she clarified.
Future Prospects
Chief Business Officer (CBO) of Alto Network, Rangga Wiseno, added that the future prospects for Alto Network’s business as a payment system infrastructure provider remain quite positive. This is despite the ongoing escalation of geopolitics and geo-economics.
“Looking ahead, Alto sees positive prospects, especially with government support from BI (Bank Indonesia), where we view QRIS not just as a payment system, but as an initiative to maintain economic independence and prudence,” he said.
According to him, even with high economic uncertainty and shocks, the payment system infrastructure industry is still relatively safe from such challenges.
“Because the simplest example is that even if the market is volatile, we see digitalisation proceeding. Indonesia is a consumer market; consumers can still transact without relying on the outside, and everything is processed domestically. So it’s quite game-changing,” he explained.