Reasons for Popularity

Adopted universally since 2020, QRIS streamlines transactions for businesses and consumers alike

QRIS provides user interoperability with other popular wallet brands: one QR code for all payment applications

Able to quickly find out incoming transactions without logging in to the QRIS dashboard. Notification of incoming transactions can be obtained from the QRIS Application

Reasons for Popularity

Reasons for Popularity

Reasons for Popularity

Reasons for Popularity

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Indonesia

Top e-commerce industries
29.5%
Electronics
Hobby & Leisure
22.6%
Fashion
Furniture & Homeware
Care Products
DIY
15.5%
Grocery
Jakarta
Capital
281.6M
Population
+7 to +9
Time Zone (GMT)
IDR (Rr)
Currency
Indonesian Rupiah
$680.4B
Transactions
value in 2028
16.4%
CAGR
of Digital Payments
during 2024-2028

Popularity of e-commerce payment methods

Bank Transfer
28%
Buy Now Pay Later
3%
Cash-in
11%
Credit Cards
10%
Debit Cards & Prepaid Cards
8%
E-wallet
40%
Mobile Money
40%
Others
1%

Extend your reach

QRIS (Quick Response Code Indonesian Standard) is Indonesia’s standardised QR code system that consolidates multiple payment platforms. It enables customers to make payments from different e-wallets or mobile banking apps using the same QR code.

Method
QRIS
LPM Market Share
14%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
40M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
IDR
Authorization
speed
Instant
Recurring
No
No

The e-wallet arm of Shopee, one of the largest e-commerce platforms in Southeast Asia, offering QR code payments, bill payments, cashback and rewards, top-up options

Method
ShopeePay (ID)
LPM Market Share
35%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
50.5M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
IDR
Authorization
speed
Instant
Recurring
No
No

Virtual Accounts (VA) in Indonesia are ad-hoc bank account details to receive bank payments to real bank accounts without sharing the underlying bank details. Each bank has their own system of creating and managing VAs

Method
Virtual Account (ID)
LPM Market Share
50%
Payments
Yes
Refunds
No - refunds not supported
Type
Bank Transfer
Local Card Scheme
Users
135M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
IDR
Authorization
speed
Instant
Recurring
No
No

OVO is a digital payment service based in Jakarta, Indonesia, providing QR code payments and other features

Method
OVO
LPM Market Share
35%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
51.5M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
IDR
Authorization
speed
Instant
Recurring
No
No

DANA is a popular e-wallet registered with Bank Indonesia with four licenses including electronic money, e-wallet, money transfer, and digital financial liquidity.

Method
DANA
LPM Market Share
60%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
170M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
IDR
Authorization
speed
Instant
Recurring
No
No