GPN (Gerbang Pembayaran Nasional / National Payment Gateway)Requires card transactions to be routed domestically through local switches and has spawned a GPN debit card with lower interchange. The US challenged it in its 2025 report on trade barriers. A mandatory compliance item for any acquirer in Indonesia.Bank Indonesia with four licensed switches (Artajasa, Rintis, Alto, Jalin) · since 2017
Global registry · Asia-Pacific · Southeast Asia
Indonesia Payment systems
15 systems listed.
CurrencyIndonesian rupiah (IDR)
Domestic schemeGPN
RegulatorBank Indonesia / OJK
Leading payment methods
Wallets (GoPay, OVO, DANA)Credit transfers / bank VAsQRISCash (Alfamart)BNPL
E-commerce shares
Wallets · 35%Account-to-account · 25%Cards · 15%Cash · 10%Buy now, pay later · 8%Other · 7%
GoPay / OVO + QRIS. Super-app wallets (Gojek’s GoPay, Grab’s OVO, DANA, ShopeePay) have converged on QRIS, Bank Indonesia’s mandatory national QR standard: more than 30 million merchants on board, and interoperable with Singapore, Malaysia, and Thailand.
QRIS merchants>30M (Bank Indonesia)
Cross-border QRISinteroperable with Singapore, Malaysia, Thailand
An archipelago of 17,000 islands with partial banking coverage: the bank virtual account (a unique transfer reference per order) is a key e-commerce building block, along with payment at convenience stores (Alfamart, Indomaret).
Learn about this market. The guides and courses that cover it.
Payments in IndonesiaPayments in Oceania and CanadaPayments in Central AsiaPayments in South Asia outside IndiaPayments in Southeast AsiaPayments in Japan and KoreaAccepting payments in Australia and New ZealandAccepting payments in Indonesia and ThailandAccepting payments in Japan and South KoreaAccepting payments in Southeast AsiaPayments in Asia: super-apps, public rails, and cross-border QROpening a new market: the payments playbook
Card schemes
Kartu Kredit Indonesia (KKI)A domestic credit card initially limited to central and local government spending, to pull public procurement flows away from international schemes. Expansion to the private sector has been announced. The system is almost absent from English-language overviews.Bank Indonesia with the state-owned banks (Himbara), on the GPN rails · since 2022
Instant payments
BI-FAST24/7 instant payment rail whose price is capped by regulation at Rp 2,500 per transaction, a cap imposed to break interbank transfer pricing. A pillar of the Blueprint Sistem Pembayaran Indonesia 2025.Bank Indonesia · since 20215.0 billion transactions worth $333.9 billion in 2025, up 47.1% year over year (RTP Dashboard, based on Bank Indonesia data); 9.61 billion transactions and a cumulative Rp 25,000 trillion from December 2021 to September 2025
Clearing and settlement
SKNBI (Sistem Kliring Nasional Bank Indonesia)Indonesia’s cycle-based bulk clearing, gradually losing traffic to BI-FAST.Bank Indonesia · since 2005
Wallets
GoPayWallet of the Gojek super app: transfers, QRIS payments, and consumer credit. Its roots in ride-hailing and delivery give it a frequency of use that no bank rail can match.PT Dompet Anak Bangsa (GoTo group (Gojek-Tokopedia) company, licensed and supervised by Bank Indonesia; the related lending is provided by PT Mapan Global Reksa and PT Multifinance Anak Bangsa, both licensed by the OJK.)
OVOIndonesian e-wallet paired with a loyalty program: payments at partner merchants, points, and promotional offers. Grab's reported controlling stake could not be verified from a primary source and is therefore not stated here.PT Visionet Internasional
ShopeePayWallet built on the Shopee marketplace, paired with SPayLater installments (up to 24 monthly payments at 0%), SPinjam loans, insurance, and investments. The model of a marketplace's captive wallet: zero acquisition cost and proprietary purchase data.PT AirPay International Indonesia (Sea Group company, licensed and supervised by Bank Indonesia.)
LinkAjaIndonesian e-money wallet, still operating and available on both app stores. Its public ownership (state-owned enterprises and state banks) and its market share against private wallets could not be verified from a primary source.PT Fintek Karya Nusantara
Interoperable QR
QRIS (Quick Response Code Indonesian Standard)A single QR standard imposed by the central bank to end wallet fragmentation. It is the world’s best example of QR standardization by regulatory mandate. The US Trade Representative has also challenged it as a barrier to entry.Bank Indonesia with the Indonesian Payment System Association (ASPI) · since 201950.50 million users and 32.71 million merchants enrolled, with transactions up 226.5% year over year (Bank Indonesia, 2024 data)
QRIS TapNFC extension of QRIS for high-throughput use cases (transit, tolls) where scanning is too slow. It shows QR’s operational limits and the expected convergence of QR and contactless.Bank Indonesia · since 2025Transaction time of about 0.3 seconds (Bank Indonesia)
Buy now, pay later
AkulakuInstallment payments and consumer credit built on its own marketplace and extended into digital banking. A pure-play lender, unlike BNPL offerings tied to a third-party marketplace.PT Akulaku Silvrr Indonesia (Indonesian entity of the Akulaku group, which also operates in the Philippines, Vietnam, and Malaysia.)33 million customers and more than 90,000 listed sellers (Akulaku, official website, 2026)
KredivoInstant credit and installment payments approved in real time and distributed through Indonesia's major marketplaces. First loan disbursed in April 2016; Vietnam operations launched in August 2021 through a joint venture with Phoenix Holding. The Philippines and Thailand, which the group mentions, are not included because no entity or license could be identified.Kredivo Group (Parent company FinAccel, incorporated in 2015; sister company KrediFazz has held an OJK peer-to-peer lending license since October 2021, and the group controls Krom Bank Indonesia.) · since 2016
Central bank digital currency
Digital Rupiah (Proyek Garuda)PilotCBDC project built first on the wholesale side (interbank settlement, tokenized securities), publicly justified by “the sovereignty of the rupiah in the digital age.” No retail rollout has been launched.Bank Indonesia · since 2022
Other
SNAP (Standar Nasional Open API Pembayaran)Mandatory national standard for open payment APIs: message formats, security, and governance of interconnection agreements. It is the layer that makes QRIS, BI-FAST, and Indonesian wallets technically consistent. Integrators targeting Indonesia build to SNAP before building to any individual PSP.Bank Indonesia (established by Governor’s Decision No. 23/10/KEP.GBI/2021; the developer portal and specification maintenance are handled by the Asosiasi Sistem Pembayaran Indonesia (ASPI, the Indonesian payment system association)) · since 2021
BI-RTGS (Bank Indonesia – Real Time Gross Settlement)Real-time gross settlement for Indonesian wholesale transactions: interbank and financial market payments above 1 billion rupiah, while retail payments below that threshold go through SKNBI. Run directly by the central bank, alongside SKNBI and BI-SSSS. The year it went live could not be confirmed from a primary source.Bank Indonesia