Some banking institutions in Indonesia accept e-payments via online banking.

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Some banking institutions in Indonesia accept e-payments via online banking.
Brizzi, issued by Bank Rakyat Indonesia (BRI), TapCash, issued by Bank Negara Indonesia (BNI), Flazz, issued by Bank Central Asia (BCA), and e-Money, issued by Bank Mandiri are examples of e-money now in circulation in the community. Even though some of the examples of e-money mentioned above perform essentially the same function as one another, namely that of a non-cash payment instrument, it is only the characteristics of each card that distinguishes them, such as the maximum balance, the minimum amount of money that can be added, the maximum amount of money that can be added per month, and the validity period. E-Money is a non-cash payment mechanism that may be used in place of credit and debit cards as an alternative. In addition to its simplicity in usage, e-money has a number of advantages.
GoPay
One of the innovations that is now mushrooming in Indonesia is the introduction of Gopay electronic payment systems. Gopay is an electronic payment system that accepts payments by mobile phone. Initially, Gopay was exclusively used for electronic payment instruments for the use of motorcycle taxi services, which was a limited use. Now, Gopay can be used to make electronic payments for restaurants, pulses and other facilities that can be utilized for payment systems that can be done automatically using consumer cellphones, such as freight forwarding services, medicine purchases and other facilities. People are increasingly turning to Gopay since practically all eateries, even very tiny establishments, now accept payments via the service, which provides a variety of perks, including discounts and rewards for customers who use Gopay. Based on observations of a variety of restaurants and other establishments, practically all of them, particularly those frequented by young people, accept the Gopay payment method. GOpay has grown to become one of the most widely accepted methods of payment, and it is now accepted practically anywhere that performs purchasing and selling operations.

OVO
The usage of electronic money as a payment method has increased significantly in the digital age; one of the most well-known examples is the OVO e-wallet. OVO has supported a number of different merchandise, making it simple for individuals to download and use the software. Furthermore, it is critical that the community’s faith in OVO be maintained so that it may be utilized in almost every online transaction in nearly every location and by almost every seller. Since October 2017, OVO has ranked as one of Indonesia’s most popular financial apps. OVO has cooperated with goods partners all around Indonesia, with the largest collaboration being with Grab and Tokopedia, the largest online marketplace in Indonesia. The greater the number of goods partners, the greater the number of OVO users who experience greater ease of use, usefulness, and trust, resulting in a larger intention to use.

References

Alamanda, A. E., & Sartono, T. (2019). Implementation of Brizzi as an E-Money Payment. Jurnal Hukum Novelty, 130-132.

Ayo, C. K., A, A. A., Tolulope, F. I., & Ekong, U. O. (2008). A Framework for e-Commerce Implementation:. Journal of Internet Banking and Commerce, 3.

Fatonah, S., Yulandari, A., & Wibowo, F. W. (2018). A Review of E-Payment System in E-Commerce . Journal of Physics: Conference Series, 1-2.

Pinem, R. J. (2020). GOPAY AS A PRACTICAL PAYMENT TOOL FOR MILLENNIAL GENERATIONS IN THE DIGITAL ERA. Journal of Applied Business Administration, 207.

Raja, J., Velmurgan, M. S., & Seetharaman, A. (2008). Journal of Internet Banking and Commerce E-payments: Problems and Prospects. Journal of Internet Banking and Commerce, 2-3.

Widiyanti, W., Islami, V., Rani, Syahrir, & Rosento. (2020). OVO E-Wallet as a Platform of Digital Payment in Indonesia: An. Moneter: Jurnal Akuntansi dan Keuangan, 237-238.