Digital Wallets: Indonesia's Favorite Online Payment Method

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Cindy Mutia Annur 14/03/2024 17:55 WIB

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According to a report by We Are Social, the most widely used e-commerce payment method in Indonesia is the digital wallet.

Popular E-commerce Payment Methods in Indonesia (2022)

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Popular E-commerce Payment Methods in Indonesia (2022)

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According to a We Are Social report, the majority of online shopping payments in Indonesia are made via digital wallets.

Of all domestic e-commerce transactions in 2022, the majority, or 39%, used this method.

Bank transfers were second, with this payment method accounting for 27% of e-commerce transactions.

Next were debit and credit card payments, with a proportion of 17%, cash on delivery (COD) at 11%, and other methods at 6%.

We Are Social also noted that the highest-value items purchased on Indonesian e-commerce sites were electronics.

Throughout 2023, the total national value of electronics purchased via e-commerce reached US$10.71 billion, or approximately Rp168.18 trillion (assuming an exchange rate of Rp15,704/US$).

Food products were second, with a total e-commerce spending value of US$6.09 billion.

This was followed by fashion products with an estimated total spending of US$5.49 billion, physical data storage media (such as CDs, DVDs, etc.) at US$1.85 billion, and do-it-yourself hardware at US$1.8 billion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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