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.
ShopeePay
ShopeePay is the in-app and online wallet of the Shopee marketplace, among the most-used wallets across Southeast Asia. Operator: Shopee / Sea Limited. Est. users: Tens of millions across SEA (2025).
DANA
DANA is a major Indonesian e-wallet regulated by Bank Indonesia, used for online checkout, QRIS payments and bills. Operator: PT Espay Debit Indonesia Koe (DANA). Est. users: Tens of millions of users (2025).
OVO
OVO is a leading Indonesian e-wallet under Bank Indonesia, widely used at online checkout and with Grab and retail merchants. Operator: PT Visionet Internasional (OVO). Est. users: Tens of millions of users (2025).
GoPay
GoPay is the e-wallet of the GoTo (Gojek) ecosystem, regulated by Bank Indonesia and used for online and in-app payments. Operator: PT Dompet Anak Bangsa (GoTo Group). Est. users: Tens of millions of users (2025).
LinkAja
LinkAja is Indonesia's state-linked e-wallet, regulated by Bank Indonesia, used for online checkout, bills and fuel payments. Operator: PT Fintek Karya Nusantara (LinkAja). Est. users: Tens of millions of users (2024).
QRIS
QRIS is Indonesia's interoperable national QR standard from Bank Indonesia, accepted by all major wallets and 38M+ merchants. Operator: Bank Indonesia / ASPI (PTEN). Est. users: 56.3 million users (Q1 2025).
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
Discover payment methods in other countries from Asia
