Bank transfers & instant payments · Asia-Pacific · Available
Virtual accounts (Indonesia) in Indonesia
Virtual accounts (Indonesia) is one of the payment methods in Indonesia. Payments are made in IDR; the method supports pay-in; settlement: instant; chargebacks: not possible. The payments regulator in Indonesia is Bank Indonesia (BI). Providers for Virtual accounts (Indonesia) in Indonesia in the Tranzify catalogue: BadaPay, JadePay, Midtrans, Xendit.
Key facts
- Currency
- IDR (Indonesian rupiah)
- Operations
- Pay-in
- Settlement
- instant
- Chargebacks
- not possible
- Payments regulator
- Bank Indonesia (BI)
Providers for Virtual accounts (Indonesia) in Indonesia
How a payment goes through
- 1The checkout shows the account details, the amount and a reference
- 2The payer sends the transfer from their banking app
- 3The provider matches the incoming transfer by reference and amount
- 4Webhook to the merchant; unmatched transfers are refunded
Other payment methods in Indonesia
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| QR payments | QRIS | 30 % |
| Wallets | DANA | — |
| Cards | Visa | — |
| Cards | Mastercard | — |
| Wallets | PayPal | — |
| Wallets | GoPay | — |
| Wallets | OVO | — |
Frequently asked questions
Which providers offer Virtual accounts (Indonesia) in Indonesia?+
In the Tranzify catalogue Virtual accounts (Indonesia) in Indonesia is offered by BadaPay, JadePay, Midtrans, Xendit. A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is Virtual accounts (Indonesia) used in Indonesia?+
The catalogue has no published market share for Virtual accounts (Indonesia) in Indonesia; the method is listed among the country's payment methods.
Which operations does Virtual accounts (Indonesia) support in Indonesia?+
Virtual accounts (Indonesia) supports pay-in. Settlement is instant and chargebacks are not possible; the amounts are in IDR.
Who holds the licence for Virtual accounts (Indonesia) in Indonesia?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in Indonesia is Bank Indonesia (BI).
See the platform on your own flows
Thirty minutes with an engineer, not a sales deck: your providers, your routing rules, your merchants' checkout.
- ✓ Not a financial institution
- ✓ Money never passes through us
- ✓ Built to PCI DSS requirements