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Like many of its Southeast Asian neighbours, Indonesia has traditionally been cash-heavy. However, the digitalisation of Indonesia’s payment landscape is accelerating:
- Widespread QR code payment usage, powered by the government’s Quick Response Code Indonesia Standard (QRIS)
- Strong adoption of mobile wallets and BNPL
- Public and private sector initiatives to bring the country’s unbanked population into the digital economy
In 2024:
94% of all ecommerce transactions in Indonesia were made using digital payments
By 2029:
Indonesia’s ecommerce market is projected to increase by 48% to reach US$ 139 billion
100% of ecommerce transactions are expected to be made using digital payments.
