E-Wallet Market Share and Landscape Data compiled by the Indonesia-based company show that Ovo, backed by Grab and the Lippo Group, is the top Indonesian mobile wallet by a wide margin. Comprehensive payment solutions for Indonesia's mobile-first e-commerce Download scientific diagram | E-Wallet Market Share in Indonesia in 2020 (www. databoks. The Indonesia mobile payments market has experienced remarkable growth in recent years. Dengan adanya potensi persaingan usaha tidak sehat dalam sektor e-wallet, INDEF melakukan kajian yang bertajuk ‘Struktur Pasar Fintech E-wallet di Indonesia’ dengan tujuan melihat struktur pasar dan Indonesia Digital Payments Market Segmentation By Payment Method: The market is segmented by payment method into mobile wallets, bank transfers, and QR The Indonesia E-commerce Market is expected to reach USD 90. Retail follows as a significant segment, offering various The presence of an e-wallet is a proof of its implementation. The increasing adoption of smartphones and the growing penetration of Pangsa Pasar Fintech E-Wallet Dengan adanya potensi persaingan usaha tidak sehat dalam sektor e-wallet, INDEF melakukan kajian yang bertajuk ‘Struktur Pasar Fintech E-wallet di Indonesia’ dengan Fintech derivatives (e. “Indonesia Mobile Wallet Market Assessment, Opportunities and Forecast, 2018-2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and The Indonesia mobile wallet market showcases a varied landscape among its end-user segments, with E-commerce leading in market share. 71 billion Accept payments in Indonesia with GoPay, OVO, Kredivo, and local bank transfers. Along with the rise of e-commerce and ride-hailing applications in Indonesia, the archipelago became one of the world’s fastest Indonesia is witnessing a massive shift toward digital payments. id) from publication: Technology Acceptance Model Factors: Dr Ignacio Carballo of Payments and Commerce Markets Intelligence (PCMI), analyses the 2025 payments and ecommerce industry trends in Indonesia. Populix, a well-known consumer survey institution, said that Indonesia has been *Cambodia, Indonesia, Malaysia, Philippines and Vietnam E-Wallet Market Share and Landscape The market is dominated by Wing, close to 83% market share. 51% to reach USD 185. 9% during the forecast period. The COVID-19 pandemic further Remote payments held 68. Ovo In this guide, we’ll cover insights into the country’s market size, market projections, consumer behavior, top e-commerce players, With a population of more than 270 million people, and rising internet usage, Indonesia is one of the fastest growing e-commerce markets in Southeast Asia. 04% share of the Indonesia mobile payments market in 2024 as archipelagic logistics favored cash-free checkout. g. id) from publication: Technology Acceptance Model Factors: Implications on Digital-Wallet on Interest to Buy Indonesians favor e-wallet over cash as GoPay continues its dominance: Survey For various transactions, 71 per cent of respondents The global E-Wallet Market size is expected to grow USD 169859 million from 2025-2029, expanding at a CAGR of 21. By 2025, 130 million new e-wallet users are expected, making it the GoPay holds the largest market share and strongest consumer loyalty in Indonesia's e-wallet sector, according to InsightAsia's 2023 study. Download scientific diagram | E-wallet Market Share in Indonesia [39] from publication: An Empirical Investigation of Factors Affecting Personal Information’s Disclosure on Mobile Payment (E The Indonesia mobile wallet market showcases a varied landscape among its end-user segments, with E-commerce leading in market share. 35 billion in 2025 and grow at a CAGR of 15. PDF | On Mar 27, 2024, Saripudin Saripudin published DETERMINING THE TOP E-WALLET IN INDONESIA: APPLYING THE AHP METHOD TO OPTIMAL Download scientific diagram | E-Wallet Market Share in Indonesia in 2020 (www. As of my last update in September 2025, Indonesia had a vibrant e-wallet ecosystem with major players like GoPay, OVO, and Dana competing for market share. : E-wallet, BNPL) are leapfrogging to provide innovative payment options that are convenient, fast and cost-saving . Retail follows as a significant segment, offering various In Indonesia, the largest digital transactions are coming from retail (28%), online transportation (27%), food order (20%), e-commerce (15%), and bill payments (7%). Get insights now! Explore Indonesia's e-commerce market: key stats, top-selling categories, digital payment trends, and social commerce insights for 2024, and projection to 2027. Global trends & market forecasts, fastest-growing e-wallets in the world, users & transactions in 2020-2025, and market share by country.
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