Leading digital payment methods usage Indonesia 2024
As of June 2024, e-wallets dominated digital payment methods in Indonesia, used by 96 percent of respondents. This usage is boosted by a young population and expanding mobile internet access. At the same time, banking platforms and Buy Now, Pay Later services have been widely adopted, by 49 percent and 33 percent of users respectively, demonstrating the growing trend toward flexible, cashless payments.
Increased adoption of digital payments
The country's most widely used e-wallets, such as GoPay, OVO and DANA continue to grow due to their convenience, particularly with super apps such as Grab and Go-Jek, allowing daily transactions across all sectors. Meanwhile, Buy Now Pay Later systems are growing in popularity as consumers seek short-term credit options, particularly younger users or those who lack access to conventional bank credit.
Digital finance trends
The rapid adoption of digital payment platforms in Indonesia, driven by the Quick Response Code Indonesian Standard (QRIS), has facilitated the transition from traditional offline to online financial activities. Developed by Bank Indonesia, this national code simplifies payments by eliminating the need for a bank account or credit card. As financial literacy in Indonesia gradually improves, fintech and e-commerce services are on the rise, with digital payments expected to grow by more than 67 percent by 2028. In the coming years, Indonesia aims to strengthen financial governance and move towards a cashless society.
