7. According to research from Ipsos, 28% among 1,000 respondents use 2 e-wallets to shop and only 21% have only one e-wallet on their smartphones. Accepting cashless transactions from your customers has never been this easy. According to research from Ipsos,28%, among 1,000 respondents,use 2 e-wallets to shop, and only 21%have only one e-wallet on their smartphones. In line with this result, an earlier survey by market research firm Ipsos showed in February that GoPay is the “most familiar” wallet service for 58% of the respondents, while Ovo ranked second with 29%, trailed by Dana with 9% and LinkAja with 4%. Consumers in Indonesia have increased the use of online shopping and digital or contactless payments during the COVID-19 crisis. The top-five e-wallet mobile applications in Indonesia based on the number of monthly active users between 2017 until 2019 were Gojek, OVO, DANA, LinkAja and Jenius, according to … A state-owned e-wallet platform called LinkAja was launched on Sunday (June 30) in Jakarta, Indonesia, according to reports.. Cards are the dominant payment method in Indonesia when shopping online, taking a 34 percent share of the market. Fast and Easy Registration. The rise of e-Wallet transactions coincided with the rise of digital entertainment in Indonesia. E-wallet adoption received a further important catalyst in May 2019, when the Bank Indonesia, the country’s central bank, introduced Quick Response Indonesia Standard (QRIS) code system, allowing QR-code payments to be interoperable through a single standardised code. From the result of the recent survey, iPrice also found that only 3% of respondents use debit cards as their payment method when shopping online and only 2% of respondents use credit cards. Indonesia e-commerce payments trends: Cards win out, as digital wallets delayed. Source: iPrice and App Annie research. E-wallet is now able to provide convenience in both online and offline transactions through only one platform in Indonesia. Compared to other e-wallet providers in Indonesia, LinkAja has performed better in reaching out to second and third tier cities. In Indonesia, 47% of e-wallet users have 3 or more e-wallets on their smartphones. Indonesia e-wallets overtook ATM and debit cards in 2018. In 2019 alone, E-Wallet transactions in Indonesia have grown over 38.6 times! The use of … Figure 2. 50 This is in spite of low card penetration, which sits at just 0.59 debit cards per capita and 0.07 credit cards per capita. According to Danu Wicaksana, former CEO of LinkAja, in November 2019, 30% of LinkAja’s users live in Sumatra, and 10% of its users live in Moluccas and Papua. The use of more than one e-wallet brand in Indonesia can be attributed to the increase in these sessions. As a payment method, eWallets also received substantial support from government agencies, Bank Indonesia (BI) and Financial Service Authority (OJK), encouraging businesses to start accepting eWallet payments. Top e-wallet platforms in Indonesia for Q2 2020. The use of more than one e-wallet brand in Indonesia can be attributed to the increase in these sessions. In Indonesia, 47% of e-wallet users have 3 or more e-wallets on their smartphones. A single payment gateway for multiple partners that only takes 2 to 3 working days to activate. 7. The service was supposed to launch in …
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