The Lippo-backed startup first joined the e-money boom in 2017. Just click on the icons to get to the download page. Around 69 percent of Indonesian respondents said they had used OVO to make cashless payments in the past month. He said digital market is turning into a necessity rather than an option, especially during a pandemic. Around 17 percent of Indonesian consumers prefer OVO over other payment services, positioning it as the most-preferred payment method. The app now offers P2P lending with Taralite which has recently secured license from the Financial Services Authority (OJK). Saat ini, OVO termasuk unikorn yang bernilai sekitar $2,9 miliar pada Oktober 2019. Ovo, an e-wallet backed by Indonesian conglomerate Lippo Group, is now the most popular payment service in Indonesia, ahead of Gojek Indonesia's GoPay, Emtek-backed Dana and debit cards, according to a recent report from global fintech company Rapyd. Your browser is out of date, and may not be compatible with our website. The government selected OVO as their partner because all users' data are synced to the registry office. The program does not only offer online trainings for job seekers, but is also a platform for social aid distribution. The survey report titled Asia Pacific E-commerce and Payment Guide 2020 showed that OVO was the most used e-wallet for online and offline payments during March and April, followed by debit cards, ATM transfer and the GoPay e-wallet. Read also: No discounts, no problem: E-wallet users stick around despite less cash back. Indonesia's e-commerce market is now worth $13.6 billion, and its mobile commerce market $7.1 billion. Debit cards are now less popular, preferred by only 5.2 percent of Indonesian consumers despite appearing to be one of the most frequently used payment methods. BUSINESS- "Monthly expenditure distribution of respondents who used OVO as their digital wallet platform in Indonesia as of October 2018." In comparison, around 51 percent of Indian consumers choose to use e-wallets and 33.9 percent prefer cash and cards. Tanpa antre. Dapatkan OVO Points saat kamu bertransaksi di merchant rekanan, dan gunakan untuk menghemat transaksimu berikutnya. An OVO user purchases a beverage on the SmartCube vending machine. E-commerce is now the new baseline. December 14, 2018. Statista. Beneficiaries will receive incentives up to Rp 3.55 million ($242.62) on their OVO account. TECH. Surviving the Digital Era: Tebet's Remaining Paperman, Indonesia, China Start Working on Rupiah, Yuan Direct Settlement, Indonesia Sees Highest Monthly Numbers in Covid-19 Cases, Deaths, Indonesia Reports over 3,100 Covid-19 Deaths Month-to-Date, BCA Closes Rabobank Acquisition, Paves Way for Its Islamic Banking Expansion, COPYRIGHT @2020 JAKARTA GLOBE. Corporate bonds and stocks will join the list in the near future. Rapyd expects the thriving e-commerce market would boost Southeast Asia's internet economy to $300 billion by 2025. Last year, the region's internet economy hit $100 billion in total value. Social aid funds have always had issues with the intermediary. The survey also … Despite the criticism, the program recorded more than 10 million signups, Karaniya said. As of now, a whopping 550,000 out of the 600,000 OVO merchants are MSMEs. Unfortunately, the program received backlash over its selection of courses, trainers and many more. Accounting for just over $22 billion in 2019, e-wallet transactions are likely experience a more than fivefold growth and exceed $114 billion by 2025. Once a user creates an OVO account and uploads their ID and photograph, their data will automatically sync to the registry office's database and thus making the distribution process easier. A recent survey by global fintech organization Rapyd shows that e-wallet OVO is the most preferred payment method in Indonesia. Thanks to Bareksa's partnership, OVO users can invest in a mutual fund, government securities and gold. OVO has become more than just a payment platform, but Indonesia's largest integrated digital ecosystem as it enters its third year in September, according to OVO president director Karaniya Dharmasaputra. The annual report, titled "Asia Pacific E-Commerce and Payment Study," analyzed the financial behavior and preferences of over 3,500 consumers in Indonesia, India, Japan, Malaysia, Singapore, Taiwan and Thailand during April this year.

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