In recent times, Indonesia has been moving towards building a strong digital space. The country has been actively working on the social commerce and e-commerce sectors. Indonesia’s Vision 2045, which aims to make the nation more developed through technological innovations, is proof of how the country wants to achieve its technological goals.
The country is also now moving towards digital payment methods. Digital Payment Indonesia is expected to exceed $117 billion by the end of this year. According to a report, the traditional payment method was 16% by 2019. This number declined to 11% by 2022; as of 2025, it is only 6%.
Types of Digital Payment Methods in Indonesia
Here are some of the digital payment methods commonly used in Indonesia:
E-Wallet Indonesia
E-wallets are among the most popular means of digital payment in Indonesia. QRIS also allows for interoperability among e-wallets, giving users another reason to use such digital wallets.
Indonesia has one of the highest digital wallet adoption rates in Asia.
The e-wallet Indonesia is expected to make $107 billion by the end of this year, with the expectation to reach 130 million new users. E-wallets are used for various transaction purposes in Indonesia, including: payment transfer, online shopping, bill payments, etc.
Some of the most common e-wallets among the users in the country are:
OVO
OVO is popular among users for its merchant partnership programs. It is best suited for everyday transactions. Once you have downloaded the OVO app on your phone, you just need to add your bank account and card details to make transactions.
DANA
DANA digital wallet is common among gaming and entertainment users to make payments. It is registered with Bank Indonesia with four licenses.
LinkAja
LinkAja is one of the most reliable e-wallets used in Indonesia. The reason is that it has strong backing from banks and telecommunications companies in the country. It was originally launched by mobile operator Telkomsel.
GoPay
GoPay is another popular e-wallet in Indonesia. It provides e-wallet services within the Gojek super app and allows the user to access many services, including ride-hailing, food delivery, etc.
ShopeePay
ShopeePay is integrated with the Shopee ecommerce store. It is commonly used by users as it facilitates the payment process while shopping through Shopee.
QRIS
QRIS (Quick Response Code Indonesia Standard) is a national standard payment method developed by Bank Indonesia. It is a QR code-based payment method that allows users to easily make payments through QRIS-enabled e-wallet or bank applications by scanning the QR Code.
BNPL
BNPL Indonesia (Buy Now, Pay Later) has become very popular ever since its launch in the country. It is one of the fastest-growing BNPL markets in Southeast Asia. It allows users to easily manage their payments through installments. Users are very satisfied with BNPL and appreciate its ease of payment method.
The GMV value of BNPL has increased from 1% (in 2019) to 6% (by 2025) and is expected to reach $8.59 billion by the end of this year. BNPL is expected to rise in future, making around $13.59 billion by 2030.
Bank Transfer
Bank Transfer is one of the most efficient and secure systems used for payments in Indonesia. The 2025 Payment System Blueprint allows users to make digital payments using banks. It also allows users without a card or e-wallet to make digital payments through banks.
These are some of the popular and widely used e-wallets in Indonesia. With the other digital innovations in the country, the use of e-wallets has also become more popular among users.The introduction of QRIS by the Indonesian government accelerated the development of digital wallets.
The e-wallet payment in Indonesia is expected to grow 15% this year. It seems that in the future, Indonesia will move towards digital payments and will introduce more e-wallets to facilitate users. E-wallets are convenient to use and keep. That’s why people now opt for digital payment methods rather than cash payment.
Crypto Market Indonesia
Indonesia is among the top three globally ranked countries in crypto adoption. The number of crypto users, which was 9.9 million in 2021, reached a notable amount of 28.52 million in 2024. The value of Indonesian crypto asset transactions reached $ 1.9 billion in March this year.
According to reports, the Indonesian crypto market is expected to reach $4.4 billion this year. The number of crypto users is said to increase in 2026 and is expected to reach 48.87 million users.
This rising trend shows that cryptocurrency will be on the rise in future in Indonesia. With the rise of cryptocurrency, the use of e-wallets will also increase in the country. E-wallets are ideal for crypto users as they often have to make huge transactions. They are widely used by crypto users to send and receive cryptocurrencies.
The FinTech industry is also experiencing rapid growth. BPNL (Buy Now Pay Later) and P2P (Peer-to-Peer) lending are the two sectors which have seen significant growth recently in the fintech industry. The country is working to make its digital economy more developed to enhance financial innovations.
In a report released by Favour Capital and Skystar Capital in conjunction with Asosiasi FinTech Indonesia (AFTECH), the Indonesian fintech industry experienced a phenomenal growth in digital payments and online lending.
During recent years, significant investment has been made in the fintech sector of Indonesia. The Indonesian government is also playing its role in the fintech sector by ensuring that consumers’ rights are protected through the Financial Services Authority (OJK).
Whether it’s the crypto industry or fintech, we have seen that both sectors have witnessed a huge growth in Indonesia. The use of e-wallets is becoming more common in the country. More and more innovative digital payment methods are underway. This will also give rise to the fintech sector.
It’s the right time for you to shift towards the digital payment methods in Indonesia. Stay updated with the latest fintech Indonesia trends and crypto trends, and if you need any assistance in this regard, we are here to help you.
