All payment methods

OVO

OVO is one of Indonesia’s leading e-wallets in a country where almost 40% of consumers use e-wallets to pay for the goods and services they buy online (PPRO Almanac). Over 110 million people currently use OVO, which is spread across 300 Indonesian cities, making the payment method ripe for continued e-wallet adoption and growth. In 2021, Singapore’s Grab took a 90% stake in the company (Reuters).

Download snapshot Documentation
OVO
Type Wallet
Consumer countries
Currencies

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Why OVO

In a market where consumers often use multiple wallets, a July 2022 survey reported that 79% of consumers with an e-wallet, use Ovo (Statista).

Fourty eight percent of Indonesians are unbanked and just 2% have a credit card (PPRO Almanac). Any e-commerce strategy must include support for locally preferred payment methods.

There are 41 licensed e-wallets in Indonesia and most estimates put OVO in the top two.

Specifications

Coverage

Consumer
Merchant Global, Check Contracting Features Comments

Currencies

Consumer IDR
Processing IDR
Settlement USD

Features

Recurring payments
One-click payments
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

How it works

1
Merchant

At online checkout, the consumer chooses OVO as the preferred payment method

2
Payment method

The consumer enters the phone number linked to the wallet

3
Payment method

The consumer is prompted to continue the payment via the OVO mobile app

4
Payment method

The consumer conrms payment in the OVO mobile app

5
Merchant

The payment page in browser will auto refresh and continue to the merchant page

6
Merchant

Payment is confirmed

Want to integrate OVO onto your platform?

Get in touch