<![CDATA[The digitalization of payment systems has transformed transaction behavior and monetary circulation in Indonesia, particularly through the implementation of the Quick Response Code Indonesian Standard (QRIS). This study aims to analyze the effect of QRIS on the velocity of money in Indonesia during the 2020 - 2024 period and to examine whether inflation moderates this relationship. This research employs a quantitative approach using monthly time-series secondary data from January 2020 to December 2024, resulting in 60 observations. The QRIS variable is measured by the value of QRIS transactions and transformed into a natural logarithm (LnQRIS), while the velocity of money is calculated by dividing nominal Gross Domestic Product by broad money supply (M2). Inflation is measured using the consumer price index-based inflation rate. The data were obtained from Bank Indonesia and Statistics Indonesia/Badan Pusat Statistik. The analytical methods used in this study are simple linear regression and Moderated Regression Analysis (MRA), supported by classical assumption and time-series diagnostic tests. The results show that QRIS has a positive and significant effect on the velocity of money in Indonesia. This finding indicates that QRIS contributes to faster monetary circulation through payment efficiency, transaction accessibility, and digital financial inclusion. Meanwhile, inflation does not significantly moderate the relationship between QRIS and the velocity of money. This suggests that the effect of QRIS on monetary circulation operates primarily through technological and transactional efficiency rather than through price-level dynamics. From an Islamic economic perspective, QRIS may support more efficient, transparent, and productive economic transactions, as long as its use remains aligned with the principles of justice, halal transactions, and the avoidance of excessive consumption. Keywords: QRIS, Velocity of Money, Inflation, Digital Payment, Islamic Economics]]>
