Market Share of Indonesia Payments Infrastructure Industry
The Indonesia Payments Infrastructure Market is moderately concentrated. The competitive rivalry in the market studied is moderate, as a good number of players prevail. Despite several companies in the market studied, firms are required to keep innovating their products to gain a sustainable competitive edge over their rivals and provide product differentiation.
- March 2021- Southeast Asian digital payments infrastructure provider Xendit raised USD 64.6 million in funding. Businesses from small kiosks (warungs) to SMBs and large players, like Transferwise and Grab, use Indonesian-based Xendit's API-based technology to process payments, run marketplaces, disburse payroll, and detect fraud.
- October 2021- PT Jalin Payment Nusantara and PT Bank Pembangunan Daerah Jawa Timur Tbk signed a Cooperation Agreement (PKS) to broaden the scope of banking switching services for the Regional Development Bank segment. Bankjatim is the first book three bank BPD to join Jalin, with total assets of IDR 95.48 trillion.
Indonesia Payments Infrastructure Market Leaders
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Xendit
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Olsera.com
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Edgeworks Solutions Pte Ltd
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PT Cashlez Worldwide Indonesia
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PT. indopay merchant services
*Disclaimer: Major Players sorted in no particular order
