Payment methods in Indonesia
Between 2022 and 2027, Indonesia's booming e-commerce market will grow in value from US$59 billion to US$87 billion.
Market takeaways
- Between 2022 and 2027, Indonesia's booming e-commerce market will grow in value from US$59 billion to US$87 billion.
- The average Indonesian online shopper spends US$273 a year with e-commerce merchants, rising to US$379 by 2027.
- Indonesians use a mobile device such as a tablet or smartphone to complete 55% of all their online transactions.
- Popular digital payment methods in Indonesia include GoPay, with a 10% market share, Kredivo and Ovo.
- Indonesians use cards in just 17% of all online transactions and cash in only 11% - the rest they pay for with a range of digital payment methods.
Population
274.8M
Online population
211.0M
B2C e-commerce
$53B
Banked population
55%
Credit card population
2%
E-commerce of total retail
9%
Payment method breakdown
- Card17%
- Cash11%
- Bank Transfer27%
- E-Wallet39%
- Other6%
Card scheme breakdown
- Visa48%
- Mastercard36%
- American Express0%
- Local schemes3%
- Other12%
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Indonesia
Popular options based on coverage and prominence in this market.
LinkAja
An e-wallet offering a suite of financial and lifestyle solutions with two tiers of service.
ShopeePay
A digital wallet deeply embedded in the Shopee ecosystem, used for money transfers, purchases, and bill payments via QRIS.
DANA
A leading digital wallet that offers transfers, bill payments, and a built-in "Split Bill" feature for group payments.
GoPay
A leading digital wallet initially integrated into the Gojek super app ecosystem, widely accepted across a vast merchant network via QRIS.
OVO
A digital wallet that simplifies everyday financial transactions and offers a rewards system for users.
Featured banks in Indonesia
Major institutions operating in this market.
DBS Bank
Singapore
DBS Bank is Singapore's largest bank and Southeast Asia's leading bank, recognised globally for its digital innovation and strong retail, SME, and corporate banking.
Maybank
Kuala Lumpur, Malaysia
Maybank is Malaysia's largest bank and one of Southeast Asia's top financial groups, with a strong ASEAN franchise offering retail, SME, corporate, and Islamic banking.
OCBC Bank
Singapore
OCBC Bank is Singapore's second-largest bank, offering retail, commercial, investment, and Islamic banking through Bank OCBC Al-Amin in Malaysia.
UOB (United Overseas Bank)
Singapore
UOB is Singapore's third-largest bank with a strong pan-Asian network covering ASEAN markets, offering retail, SME, and corporate banking.
Bangkok Bank
Bangkok, Thailand
Bangkok Bank is Thailand's largest bank by assets, offering retail, SME, and corporate banking with a strong regional network across ASEAN.
Bank Mandiri
Jakarta, Indonesia
Bank Mandiri is Indonesia's largest bank by assets, a state-owned institution offering retail, SME, corporate, and Sharia banking.
Explore other countries
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