Indonesia Payments Infrastructure Market is Segmented by Payment Instrument (Card-Based Payments and More), Component (Hardware and More), Payment Channel (In-Store (POS), Online (E-Commerce & In-App), In-App P2P Transfers), Merchant Vertical Retail & Grocery and More). The Market Forecasts are Provided in Terms of Value (USD).

Indonesia Payments Infrastructure Market size was valued at USD 4.12 Billion in 2024 and is projected to reach USD 8.60 Billion by 2032, growing at a CAGR of 9.6% from 2025 to 2032.Key Market Drivers:Growing E-Commerce and Digital Transactions: The Indonesian e-commerce market is thriving due to the 15% increase in online retail sales in 2023, according to the Ministry of Trade. This shift has led to a surge in digital payment adoption, including mobile wallets and e-commerce payment gateways, thereby requiring a robust payment infrastructure to accommodate the growing demand for secure, efficient, and diverse payment methods.Government Initiatives for Cashless Economy: The Indonesian government has embraced a cashless economy, boosting the payments infrastructure market. In 2023, Bank Indonesia launched the Gerakan Nasional Non-Tunai initiative, promoting digital payments to enhance financial inclusion and reduce cash dependency. This has led to increased popularity in retail, transportation, and public services sectors.Rising Smartphone and Internet Penetration: Indonesia's growing smartphone and internet connectivity is driving the adoption of digital payment solutions. With over 75% of the population having internet access in 2023, mobile payment apps and online banking services are being used. This growth in digital platforms allows consumers to use mobile wallets, QR codes, and e-banking for various transactions, increasing the demand for reliable payment infrastructure.Shift Toward Financial Inclusion and Digital Banking: Indonesia's payments infrastructure market is growing due to financial inclusion efforts, with the number of digital bank accounts increasing by 18% in 2023. As rural areas gain access to banking services via mobile phones and digital wallets, there is a growing need for secure and accessible payment infrastructure to cater to this expanding market.

In Indonesia Payment Gateway Market is projected to grow from USD 64.7 billion in 2025 to USD 162.1 billion by 2031, at a CAGR of 16.4%

The market for payment gateways was nearly four times larger in the United States than in other parts of the world, according to a data model for 2023. Note that only certain individual countries had figures available to them. No figures were provided, for example, on Indonesia, Hong Kong, Nigeria, or Australia. Payment gateways refer to services such as Stripe, Braintree, Adyen, Square, or Worldpay. These are financial services that give merchants access to various digital payment methods on their platform, such as Visa but also Apple Pay or local payment options found within a country. Such services are also increasingly attracting interest within fintech as they have options to automatically charge customers for transactions on a consistent basis. These subscription-style payments, often referred to as "recurring billing", are a potential option to help reinforce customer loyalty alongside popular options like cash back.

Indonesia's booming digital economy fuels explosive growth in its payments infrastructure market, projected to reach $98.30 million in 2025 with a 17.33% CAGR. Learn about key drivers, trends, and leading companies shaping this dynamic sector. Recent developments include: March 2021- PAX Technology introduced the IM10, the latest unattended payment device that will drive the usage of QR codes and contactless payments in any touchless environment. The IM10 is the newest addition to the IM Series, an all-in-one payment device with a small footprint., May 2021- Gojek and Tokopedia announced their merger to become the GoTo Group, with plans to proceed with an IPO and a dual listing in New York and Jakarta by the end of 2021.. Notable trends are: Electronic Data Capture (EDC).

The size of the Indonesia Mobile Payments Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 16.42% during the forecast period. Recent developments include: December 2021 - Bank Indonesia launched the Bank Indonesia Fast Payment (BI-FAST) system virtually, entitled 'Payment System Digital Transformation to Accelerate National Economic Recovery.' BI-FAST is a payment system infrastructure provided by Bank Indonesia and accessible via applications offered by the payment system industry to facilitate retail payment transactions for the public. BI-FAST is being rolled out by banks to their customers gradually in line with the respective bank's plan to offer different payment channels to their customers., December 2021 - A strategic relationship has been established between Kaddra, a Singapore-based tech company that offers loyalty, mobile commerce, and remarketing solutions for retail and consumer brands, and DOKU, the country's prominent digital payment gateway. Through their relationship with Kaddra, they hope to use their technology to provide SMEs with the resources they need to develop cutting-edge mobile commerce at a price they can afford.. Key drivers for this market are: Increasing Internet Penetration and Growing M-commerce Market, Increasing Number of Loyality Benefits in Mobile Environment. Potential restraints include: Security Issues Associated with Mobile Payments. Notable trends are: Rise in e-Wallet Platforms Drives the Market.

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E-Wallet Market Size 2025-2029

The E-wallet market size is forecast to increase by USD 169.86 billion at a CAGR of 21.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of online transactions. This trend is fueled by the convenience and accessibility of digital wallets, which enable users to make payments quickly and securely. Moreover, the integration of advanced technologies such as artificial intelligence, blockchain, and biometrics is enhancing the functionality and security of these wallets, further boosting their adoption. However, the market faces challenges, including high infrastructure and implementation costs. Blockchain technology and cryptocurrency payments offer new possibilities for transactions.
Additionally, they should focus on offering value-added services and building customer trust through robust security measures. Blockchain technology ensures secure and transparent financial transactions, while AI is utilized for enhanced fraud detection and prevention. By addressing these challenges and leveraging technological advancements, players in the market can seize opportunities and maintain a competitive edge. These expenses can hinder the expansion of E-Wallet services, particularly in emerging markets where financial infrastructure is less developed. Companies seeking to capitalize on market opportunities must navigate these challenges effectively by optimizing costs and exploring partnerships to share infrastructure and resources.

What will be the Size of the E-Wallet Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, payment processing and user experience are key differentiators. Financial technology companies continually enhance user interfaces to facilitate seamless digital payments. Customer acquisition strategies, including KYC regulations and loyalty programs, are essential for market penetration. Mobile wallet features, such as real-time payments, in-app purchases, and merchant services, cater to the growing demand for mobile commerce. Payment security and fraud prevention are critical concerns, with advanced authentication methods, API integration, and transaction tracking ensuring data encryption and compliance with security protocols. Financial services providers prioritize transaction speed, account management, and transaction history to meet business needs.

Transaction fees and payment infrastructure are significant factors in the market. Real-time payment processing and merchant services enable faster transaction settlements, while API integration and compliance with financial technology standards streamline business operations. As digital wallet apps continue to gain popularity, customer support and account management become essential components of a successful e-wallet offering. Payment gateway APIs and transaction tracking enable businesses to monitor and manage their financial transactions effectively. Contactless payments, for instance, enable seamless transactions through near field communication technology.

How is this E-Wallet Industry segmented?

The E-wallet industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Technology

  Proximity
  Remote


Application

  Retail and e-commerce
  Media and entertainment
  Hospitality and transportation
  Telecommunication
  Others


Type

  Semi-closed wallets
  Open wallets
  Closed wallets


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China
    India
    Indonesia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Technology Insights

The Proximity segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth as users increasingly prefer contactless and convenient digital payment solutions. Proximity technology, which enables near-field communication (NFC) and other wireless transactions, dominates the market due to its ability to offer quick and secure payments through wearables or mobile devices. This technology is widely adopted across various sectors, including retail, transportation, and hospitality, providing greater convenience and security compared to traditional payment methods. Transaction fees, integration APIs, merchant services, virtual cards, data analytics, cash management, payment gateways, and payment processors are all key components of this dynamic landscape.

User account management is crucial in the market, ensuring secure access and transaction authorization through two-factor auth

As of May 2025, e-wallets dominated digital payment methods in Indonesia, used by ** 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, 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 Gojek, 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 transaction values expected to grow by more than ** percent by 2028. In the coming years, Indonesia aims to strengthen financial governance and move towards a cashless society.

Indonesia Data Center Processor Market is Segmented by Processor Type (GPU, CPU and More), Application( Advanced Data Analytics, AI/ML Training and Inference, High-Performance Computing and More), Architecture (X86, ARM-Based, RISC-V and Power), Data Center Type (Enterprise, Colocation, Cloud Service Providers / Hyperscalers). The Market Forecasts are Provided in Terms of Value (USD).

In Indonesia Application Gateway Market is projected to grow from USD 2.9 billion in 2025 to USD 7.4 billion by 2031, at a CAGR of 16.8%

**** and ********** were tied when it comes to card payment market share, with local payment brands slowly being on the rise. GPN, short for Gerbang Pembayaran Nasional or National Payment Gateway, is noticeable in this regard. The domestic payment brand from Bank Indonesia launched in 2017 to promote the use of debit cards in the populous Asian country. The source does not explain whether GPN was included in the "Others" category before 2020. Nevertheless, debit cards and especially mobile wallets see increased use in Indonesian in-store payments since 2017.

The Indonesian Financial Technology (FinTech) Services market is experiencing robust growth, projected to reach $19.15 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 9.31% from 2025 to 2033. This expansion is driven by several key factors. Firstly, Indonesia's large and increasingly digitally-savvy population provides a fertile ground for FinTech adoption. The rising penetration of smartphones and internet access fuels the growth of digital payments, neobanking, and digital capital raising platforms. Government initiatives promoting financial inclusion and digital transformation further bolster this market. The prevalence of underserved populations creates a significant demand for accessible and affordable financial services, which FinTech companies are successfully addressing. The emergence of super apps, integrating various financial services into a single platform, also contributes to market expansion, consolidating user engagement and enhancing convenience. Competition is fierce, with established players like GoPay and OVO competing alongside newer entrants and international companies. However, the market also faces challenges. Regulatory uncertainty and the need for robust cybersecurity measures remain significant concerns. Maintaining trust and addressing potential risks associated with digital transactions are crucial for sustainable growth. Addressing financial literacy gaps within the population is also essential to ensure widespread adoption and prevent misuse of FinTech services. Furthermore, infrastructure limitations in certain regions of Indonesia may hinder complete market penetration. Despite these challenges, the overall outlook for the Indonesian FinTech market remains positive, driven by strong underlying economic growth and the continuous evolution of technological innovation. The market’s diverse segments, encompassing digital capital raising, digital payments, and neobanking, offer multiple avenues for future expansion and investment. Recent developments include: June 2024: Indonesian microfinance technology company Amartha received a USD 17.5 million equity investment from the Accion Digital Transformation Fund to enhance Amartha’s platform, which provides financial products and services to underserved women-led small businesses in rural areas across Indonesia, leveraging data and AI, showing the increasing demand for technology integrated financial services in the market., November 2023: Finfra, Indonesia's leading lending infrastructure provider, partnered with Xendit to use advanced payment gateways and infrastructure tailored for MSMEs to automate revenue-based financing collections for SMEs nationwide.. Key drivers for this market are: Growth in Low-cost, Easy-to-use Investment Options, Rise of Cryptocurrencies and NFTs. Potential restraints include: Growth in Low-cost, Easy-to-use Investment Options, Rise of Cryptocurrencies and NFTs. Notable trends are: Digital Payments Contribute Significantly to Growth.

Discover the booming Indonesian FinTech market! This report reveals a $19.15B market in 2025, growing at a 9.31% CAGR until 2033, driven by digital payments, neobanking, and crowdfunding. Learn about key players, market trends, and future growth projections. Recent developments include: June 2024: Indonesian microfinance technology company Amartha received a USD 17.5 million equity investment from the Accion Digital Transformation Fund to enhance Amartha’s platform, which provides financial products and services to underserved women-led small businesses in rural areas across Indonesia, leveraging data and AI, showing the increasing demand for technology integrated financial services in the market., November 2023: Finfra, Indonesia's leading lending infrastructure provider, partnered with Xendit to use advanced payment gateways and infrastructure tailored for MSMEs to automate revenue-based financing collections for SMEs nationwide.. Key drivers for this market are: Growth in Low-cost, Easy-to-use Investment Options, Rise of Cryptocurrencies and NFTs. Potential restraints include: Growth in Low-cost, Easy-to-use Investment Options, Rise of Cryptocurrencies and NFTs. Notable trends are: Digital Payments Contribute Significantly to Growth.

The indonesia faith-based tourism market is projected to grow from USD 402.6 million in 2025 to USD 1,174.4 million by 2035, at a CAGR of 11.3%. Day Trips & Local Gateways will dominate with a 28.5% market share, while women will lead the consumer orientation segment with a 41.2% share.

Indonesia Plastic Processing Machinery Market is valued at USD 1.1 billion, driven by rising demand in packaging, automotive, and consumer goods, with growth from recycling tech and urbanization.

Indonesia Digital Image Processing Market is valued at USD 410 million, driven by adoption in healthcare, retail, automotive, and AI integration, with growth from smartphones and regulations.

The Indonesia hair care market size was valued at USD 955.11 Million in 2024. The industry is expected to grow at a CAGR of 4.70% during the forecast period of 2025-2034 to reach a valuation of USD 1511.89 Million by 2034.

Growing consumer demand for transparency and natural, organic ingredients is increasing the Indonesia hair care market revenue. Companies are responding by launching new product lines made from natural ingredients, such as aloe vera, coconut oil, and other plant-based components. In January 2025, renowned textured haircare brand Mielle launched its newest Kalahari Melon & Aloe Vera collection. This trend underscores increasing consumer expectations for ingredient transparency and ethically sourced components, influencing purchase decisions across urban and emerging markets.

With the expansion of the middle-class populace, there is a greater willingness to invest in premium and high-quality hair care products. According to industry reports, Indonesians spent almost IDR 208 trillion on fast-moving consumer goods (FMCG) products in Q3 of 2024. This economic uplift allows for a shift from basic, mass-market offerings to more specialised and effective solutions that cater to specific hair care needs. The Indonesia hair care market’s relevance is further heightened by its potential as a gateway to the broader Southeast Asian region, attracting both local and international brands aiming to capitalise on this dynamic and expanding sector.

The Indonesia Dough Processing Equipment Market is growing due to rising demand for bakery products, automation, and efficient manufacturing technologies.

Indonesia Steel Processing Market is projected to grow around USD 1,240 billion by 2031, at a CAGR of 6.5% during the forecast period.

In Indonesia Blood Processing Devices and Consumables Market, It is expanding due to the rising demand for blood transfusions, increasing prevalence of chronic diseases, and advancements in blood processing technologies.