4 Most Popular Online Payment Methods in Indonesia in 2024

Online payments are currently increasingly used by the public because they offer convenience in transactions. In addition, this payment method also provides various options that can be selected according to the user's preferences to complete the transaction.

In Indonesia, several online payment methods will be the main choice of the public throughout 2024. Entering 2025, the digital payment trend is expected to continue to grow, with wider adoption of QRIS and new innovations in digital payment services. What are the payment methods that were popular in 2024 and will become more popular in 2025? Here's a review.

1. Bank Transfer

The first method that Indonesians most often use to make transactions is bank transfers. Generally, this payment method can be done in two ways, namely manually through an ATM machine or through internet banking and mobile banking using a smartphone device.

The bank transfer payment method is still used by many businesses to support their operations, both online and conventional businesses.

2. PayLater

PayLater or Buy Now Pay Later (BNPL) is an online payment method that allows users to buy products or services now and pay for them later. This method is similar to a credit card, but does not require a physical card and generally has an easier approval process.

The advantages of this payment method include that users can create an account on the service provider's app, choose a payment tenor, and complete the transaction independently. In addition, PayLater also offers several benefits including convenience, flexibility, and attractive promos.

3. QRIS

QRIS (Quick Response Code Indonesian Standard) is a QR code standard set by Bank Indonesia to facilitate digital payments. With QRIS, users can make payments by simply scanning QR codes available at merchants using integrated payment applications.

The use of QRIS in Indonesia has experienced significant growth. As of November 2024, QRIS transaction volume has reached 5.46 billion, exceeding 218% of the target set for the year.

The advantages of QRIS include ease of use, transaction security, and time efficiency. In addition, QRIS also supports financial inclusion by enabling various levels of society, including MSMEs, to easily accept digital payments.

4. Virtual Account

Virtual Account is currently one of the preferred online payment methods for Indonesians. Virtual Account is a collection of unique numbers given to customers to make payments. The number given is different for each transaction, so the seller or service provider can easily track who has made the payment. Virtual accounts offer many benefits, such as convenience, speed, and security.

One of the Virtual Account service providers is Bersama ID with Bersama VA Bank service. This service allows your business to create a virtual account number for each customer or transaction. This greatly facilitates the payment reconciliation process because each payment can be automatically identified based on the VA number used. Bersama VA Bank is suitable for businesses that receive many payments from customers. By using Bersama VA Bank, you can optimize payment management, reduce manual errors, and improve financial administration efficiency.

The availability of various online payment methods allows users to choose the option that best suits their preferences and needs. Whether it's bank transfer for more traditional transactions, PayLater for payment flexibility, Virtual Account for ease of record keeping, or QRIS for more practical transactions, each method offers its own advantages in supporting a more efficient and convenient transaction experience.