Most popular in-store, or POS, payment methods in Indonesia 2017-2022
popular payment app in Indonesia, as it is integrated within e-commerce platform Shopee and often has promotions or cashback deals.
Cash made up the majority of in-store payments in Indonesia in 2021, although its market share decreased significantly since COVID-19. The source predicts that the dominant position of coins and paper money in physical stores is decline in the future, with mobile wallets set to take over. Digital payment app Ovo - used predominantly for online food and offline payments at street food merchants - is expected to be one of the main benefactors of this development, if only because Singapore superapp Grab had taken a majority ownership in Ovo in October 2021. ShopeePay was also a