Indonesia’s emoney adoption rate is growing well, from just IDR 5 billion (US$418,000) transacted in 2007 to IDR 30 trillion (US$2.5 billion) in 2013. Today, about IDR 7.7 billion (US$643,000) is circulated on a daily basis using emoney tools in Indonesia like ewallets and prepaid cards.
The Bank of Indonesia defines electronic money as the kind of money that is stored on a system like a server or chip. They are used by consumers as either ewallet services or prepaid cards. These ewallets and prepaid cards are especially useful in a nation with such low banking and credit card penetration, helping people make online payments or storing money for essential things like taking the bus or paying bills.
Here are 27 emoney options that people can use in Indonesia. They all have the official stamp of approval from the country’s central bank.
Antaloka will assist you to achieved regulatory licensing requirement from day 1 and advise in building suitable technology from scratch.