GoPay, Indonesia's Most Popular E-Wallet

Technology & Telecommunications

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13/02/2018 13:52 WIB

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GoPay: Indonesia's Most Popular E-Wallet

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Most Popular E-Money in Indonesia 2017

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Since 2016, the financial technology (fintech) business has flourished. The number of startups operating in the digital finance sector that year surged by 50%. One such digital financial product is electronic money or e-money. The emergence of electronic money has enabled people to conduct financial transactions without using cash.

According to JakPat's survey in DailySocial.Id's Startup Report 2017, Go-Pay is the most popular and widely held e-money. 50 percent of the respondents surveyed possessed electronic money issued by the online transportation service provider Go-Jek. Meanwhile, e-money (Bank Mandiri) ranked second and t-cash (Telkomsel) third.

Go-Pay's popularity stems from its usability for transactions within the Go-Jek service ecosystem. To further enhance customer service, the internet-based transportation application company acquired three fintech startups in 2017: Kartuku, Midtrans, and Mapan.

"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."