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
All payment methods available in this market, sorted by prominence.
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).
Akulaku
Akulaku is a major Indonesian buy-now-pay-later and installment platform regulated by OJK, used at online checkout. Operator: PT Akulaku Finance Indonesia. Est. users: Several million users (2025).
Kredivo
Kredivo is a leading Indonesian BNPL provider supervised by OJK, offering instant installment credit at online checkout. Operator: PT FinAccel Finance Indonesia (Kredivo). Est. users: Several million users (2025).
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).
SPayLater
SPayLater is Shopee's embedded buy-now-pay-later option at checkout, the leading BNPL by users in Malaysia and large in Indonesia. Operator: Shopee / Sea Limited. Est. users: Largest BNPL share in MY (56.5%, 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).
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).
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).
TrueMoney
TrueMoney is Ascend Money's multi-country Southeast Asian e-wallet, the most widely accepted wallet in Thailand. Operator: TrueMoney Co., Ltd. (Ascend Money). Est. users: 17 million+ active in Thailand (2025).
GoPayLater
GoPayLater is the BNPL credit feature within the GoTo/Gojek ecosystem, used for installment payments at checkout. Operator: GoTo Financial / PT Mapan. Est. users: Several million users (2025).
Indodana
Indodana is an Indonesian BNPL and installment lender regulated by OJK, offered as a payment option at online checkout. Operator: PT Artha Dana Teknologi (Indodana). Est. users: Over 1 million users (2025).
Featured banks in Indonesia
All banks operating in this market, sorted by prominence.
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.
CIMB Bank
Kuala Lumpur, Malaysia
CIMB Bank is Malaysia's second-largest bank and a leading regional bank across ASEAN, offering retail, SME, corporate, and Islamic banking.
BRI (Bank Rakyat Indonesia)
Jakarta, Indonesia
BRI is Indonesia's largest bank by number of customers, focusing on micro, small and medium enterprise (MSME) lending and rural banking.
Qatar National Bank (QNB)
Doha, Qatar
QNB is Qatar's largest bank and the largest bank in the Middle East and Africa by total assets, operating across 31 countries.
Woori Bank
Seoul, South Korea
Woori Bank is one of South Korea's largest banks, offering retail, corporate, and investment banking with a strong presence in Southeast Asia.
BNI (Bank Negara Indonesia)
Jakarta, Indonesia
BNI is Indonesia's third-largest state-owned bank, offering retail, commercial, and international banking services.
CTBC Bank
Taipei, Taiwan
CTBC Bank is Taiwan's largest private bank, known for retail, SME, and corporate banking with a growing pan-Asian footprint.
RHB Bank
Kuala Lumpur, Malaysia
RHB Bank is Malaysia's fourth-largest bank, offering retail, SME, and corporate banking with a growing regional presence.
Bank CIMB Niaga
Jakarta, Indonesia
CIMB Niaga is Indonesia's fifth-largest bank, a subsidiary of CIMB Group, offering retail and corporate banking.
Other Banks — Indonesia
Jakarta, Indonesia
Aggregate of remaining banks in Indonesia, collectively ~53.6% of domestic banking assets.
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