SITENAME Logo

Indonesia plans fixed fees for e-wallet transactions

Indonesia’s central bank has had talks with some of the biggest electronic payment providers about imposing uniform fees on QR code transactions at 0.7 percent.


Indonesia plans fixed fees for e-wallet transactions | BEAMSTART News

E-wallet providers currently charge a premium from big retailers, while smaller merchants are charged minimally in an effort to encourage the adoption of e-wallets.

Plans for applying fixed fees may force smaller merchants out of the e-wallet network or cause e-wallet providers to increase incentives.

As a majority of Indonesia’s population have no bank accounts, its digital payments sector has grown into a multibillion-dollar industry.

The government’s decision on the proposed uniform fee would hurt all of the e-wallet players in the Southeast Asian country.

GoPay, Dana, LinkAja, and Ovo are some of the dominant payment platforms in Indonesia.

Under the new regulation, earnings on e-wallet transaction fees will be split between the e-wallet companies, third-party payment processors, and the association of major local lenders.

BEAMSTART is a Hub for Startup News, Business Networking, and Entrepreneurial Resources. Expand your network, discover new possibilities, and tap into a vast database of resources that can help you go further in your business and career.

 

Download the App

The app for business networking and startup resources. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).