Indonesia
Payment Methods

Market overview

Indonesia showcases remarkable shifts in consumer behavior and market dynamics. The nation’s eCommerce landscape is propelled by the widespread adoption of digital technologies and changing consumer preferences. Indonesian online shoppers exhibit a strong affinity for mobile commerce, with mobile devices facilitating 55% of all online transactions. This mobile-centric approach underscores the integral role of smartphones and tablets in shaping the country’s eCommerce ecosystem.

Moreover, Indonesia’s payment landscape has transitioned from a predominantly cash-reliant system to one characterized by diverse electronic payment methods. This transformation is exemplified by the decline of cash’s dominance from 77% of POS transaction value in 2019 to 45% in 2022. Indonesia’s eCommerce market is poised for robust expansion, with projections indicating significant growth from USD 59 billion in 2022 to USD 87 billion by 2027.

Payment methods supported per country
Bank account payments
Bank card payments
Cash payments
eWallets

Pix

Global & local card schemes & wallets

Cards
Digital wallets
Online payment platforms

Bank transfers

Cash

Installments and BNPL

Online payment platforms

Payment methods breakdown

Cards

17%

Cash

11%

Bank transfers

27%

eWallets

39%

Other

6%

Card schemes breakdown

Visa

48%

Mastercard

36%

American Express

0%

Local schemes

3%

Other

12%

Proportion of population using credit cards

2%

Proportion of banked population

55%

Proportion of population shopping cross-border

0%

Trade exchange

Export

of goods as a % of total

China

21%

United States of America

11%

Japan

8%

India

8%

Europe

7%

Import

of goods as a % of total

China

25%

Singapore

9%

Japan

8%

Thailand

6%

India

5%

Banks in Indonesia

Bank Rakyat Indonesia

Bank Mandiri

Bank Central Asia (BCA)

Bank Negara Indonesia (BNI)

Bank Tabungan Negara (BTN)

Bank CIMB Niaga

Bank BTPN

Panin Bank

Bank OCBC NISP

Mobile carriers in Indonesia

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