Jakarta, December 18, 2024 – – Indepay, a groundbreaking digital payment platform developed in Indonesia, has officially launched its innovative service designed to eliminate transaction fees and enhance digital payment accessibility. By transforming mobile numbers into Payment IDs, Indepay enables fast, secure, and zero-fee transactions, fostering greater financial inclusion and empowering businesses nationwide.

Indepay’s revolutionary platform leverages next-generation technology integrated with Indonesia’s financial ecosystem, including partnerships with 43 leading banks and several prominent digital banks. This includes BCA, Mandiri, BRI, BNI, and digital players like Jenius, Sea Bank, and Neo Bank. Through a strategic partnership with Indosat Ooredoo Hutchison, Indepay is set to serve over 100 million customers, significantly advancing Indonesia’s journey toward a cashless society.

Indonesia, with over 202.6 million internet users and a rapidly growing digital economy, stands to benefit immensely from Indepay’s zero-fee model. The gross transaction value of digital payments in Indonesia reached $313 billion in 2023 and is projected to hit $417 billion by 2025. Indepay’s innovative platform will reshape this dynamic landscape by reducing reliance on ATMs and enabling instant digital transactions.

“Our goal is to strengthen Indonesia’s digital economy by building a new infrastructure,” said Rajib Saha, Co-founder and CEO of Setara Networks Worldwide, Indepay’s parent company. “Indepay is a digital shortcut that has been meticulously developed to facilitate effortless and inclusive financial transactions.”

To ensure a comprehensive and integrated payment ecosystem, Setara has already established partnerships with over 40 leading national, regional, and multinational banks, as well as top merchants. “We are building a national payment network. Today, we launched Indepay with Indosat, but our long-term vision includes partnerships with all banks and telecom companies in Indonesia,” Saha added.

Indosat Ooredoo Hutchison’s COO & Director, Ritesh Singh, emphasized the company’s cautious approach toward the platform’s rollout. “This is part of our digital service initiative. We aim to transform every mobile number into a bank account identifier, but several tests and analyses are needed before the official launch,” Singh stated.Indosat Ooredoo Hutchison, committed to becoming the most preferred digital telecommunications provider in Indonesia, continues to expand its services, including mobile, ICT solutions, data centers, Fiber to the Home (FTTH), electronic payments, and financial services. Driven by the spirit of Gotong Royong (mutual cooperation), Indosat aims to be a key collaborator in fostering Indonesia’s digital transformation and creating meaningful change.