Indonesia
QRIS turned a fragmented wallet market into one integration.
- Currency
- IDR
- Settlement
- T+0
- Methods
- 7
The market
Indonesia had a genuine wallet war — GoPay, OVO, DANA, ShopeePay all fighting for the same user. QRIS, the central bank's interoperable QR standard, largely settled it: one acceptance point now reaches all of them. Bank virtual accounts remain essential for larger tickets.
What we would tell you
QRIS plus bank virtual accounts covers most of the market. Add convenience-store cash for the underbanked long tail if your ticket sizes are small.
- Population
- ~285 million
- QRIS merchant interest growth
- +475%, fastest in region
- Merchant acceptance searches
- +223% YoY
Moving value out
Workable with structure
Collecting here is not the hard part. This rating describes repatriation.
Outward flows are permitted with documentation but are scrutinised. Cross-border QR links with regional partners are expanding the corridor rather than closing it.
Methods
7 local methods in Indonesia.
4 move money in both directions. 3 are collection only.
- QRISQR schemein
- Virtual Account (BCA, BNI, BRI, Mandiri)Bank transferin · out
- GoPayWalletin · out
- DANAWalletin · out
- OVOWalletin · out
- ShopeePayWalletin
- Alfamart / IndomaretCash / voucherin
Bar widths indicate approximate share of local online payment volume and are shown for ordering only.
Sources
Figures marked indicative are directional and not verified against a primary source. Researched September 2026; rails and capital controls in these corridors change frequently.
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Elsewhere in Southeast Asia