Various Payment Methods in Indonesia, Which One is the Best for Sending Money Overseas

Indonesians have a preference for various payment methods that include cash, digital wallets, cards, digital banking, and buy now, pay later (BNPL) options, with cash and digital wallets being the most favored payment methods.

According to a survey by SurveySensum, the top three favorite payment methods in Indonesia are digital wallets (e-wallets), interbank transfers (including virtual accounts), and cash on delivery or COD.

Another survey in 2022 found that approximately 81 percent of digital app users in Indonesia used digital wallets as a payment method when making online transactions, the highest prevalence in any payment method.

However, cards are the dominant payment method when shopping online, taking a 34 percent share of the market. This is in spite of low card penetration, which sits at just 0.59 debit cards per capita and 0.07 credit cards per capita.

When talking about how to transfer money from Indonesia abroad, one common method is through wire transfer, which is secure and reliable, but can be slow in delivery time.

Another option is to use online money transfer services like Epay, which allow for easy and convenient transfers to over 80 countries with competitive fees and exchange rates.

Epay is a popular option for sending money from Indonesia due to its convenience and lower transfer fees. It allows users to fund their Epay account using bank transfers, or E-wallets, and then use the service to send money to others. Epay offers low fees and fast transfers when sending money from Indonesia to the USA, and also offers bank transfers as a payment option.

You can also use mobile payment applications like Flip to send money overseas, which allows you to enter the destination country and fill in the amount to send in Indonesian rupiah or the currency of the destination country.