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Indonesia mobile payment market opportunity, key players and their strategies

Indonesia mobile payment market opportunity, key players and their strategies

The mobile payment market in Indonesia is growing owing to investments in the sector by major players such as GoPay and OVO, as well as favorable regulatory initiatives taken by Bank Indonesia. Also,...

Indonesia mobile payment market opportunity, key players and their strategies
Summary
The mobile payment market in Indonesia is growing owing to investments in the sector by major players such as GoPay and OVO, as well as favorable regulatory initiatives taken by Bank Indonesia. Also, 70% of the population owns a smartphone and use services such as GoPay and OVO for digital payments. E-wallets have grown significantly in Indonesia over the past five years. As per Bank Indonesia, there are over 38 e-wallet platforms licensed in the country. 
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