Xendit

Xendit provides simplified payment solutions to SMEs, start-ups and large corporations in Indonesia, the Philippines and Southeast Asia. Xendit enables companies to accept payments, pay salaries and manage marketplaces. The platform is renowned for its speed, simplicity and 24/7 customer support.

Xendit is licensed by Bank Indonesia to enable its customers to sell on websites, social networks and in physical stores.

Indonesia has seen waves of digitization and its spread across industries over the past decade. With the presence of connected objects becoming inescapable, the economic and financial landscape has changed considerably. With ongoing digitization across all sectors, consumers are increasingly demanding fast, affordable and secure financial services. These trends have considerably increased the need for payment methods to evolve worldwide.

In addition, due to the Covid-19 pandemic, Indonesia has seen an increase in digital adoption among consumers and accelerated growth in digital payments and e-commerce platforms. According to Bank Indonesia (BI), the value of e-money transactions reached IDR 201,000 billion ($13.95 billion) in 2020, up 38.62% from IDR 145,000 billion ($10.07 billion) in 2019.