Indonesia plans fixed fees for e-wallet transactions

Indonesia’s central bank has had talks with some of the biggest electronic payment providers about imposing uniform fees on QR code transactions at 0.7 percent.
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E-wallet providers currently charge a premium from big retailers, while smaller merchants are charged minimally in an effort to encourage the adoption of e-wallets.

Plans for applying fixed fees may force smaller merchants out of the e-wallet network or cause e-wallet providers to increase incentives.

As a majority of Indonesia’s population have no bank accounts, its digital payments sector has grown into a multibillion-dollar industry.

The government’s decision on the proposed uniform fee would hurt all of the e-wallet players in the Southeast Asian country. 

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GoPay, Dana, LinkAja, and Ovo are some of the dominant payment platforms in Indonesia.

Under the new regulation, earnings on e-wallet transaction fees will be split between the e-wallet companies, third-party payment processors, and the association of major local lenders.

Mao Shun
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