Exploring Indonesia’s Digital Payments Trends in the E-Commerce Landscape
May 31, 2022
Digital Payment Landscape in Indonesia
Utilisation of Digital Payments in Indonesian E-Commerce
SIRCLO Payments: State-of-the-art Solution for Small and Medium-sized Businesses
Small and medium-sized businesses can facilitate online payments directly through their respective brand websites with SIRCLO Payments, one of the services offered on SIRCLO Store.
Launched in 2021, SIRCLO Payments is a payment gateway aggregator from SIRCLO’s collaboration with various financial partners and payment gateways to provide various digital payment options. It is driven by SIRCLO Group’s mission of helping everyone sell and initiated to serve merchants better in keeping up with the latest digital payments trends.
On average, SIRCLO Payments has recorded month-on-month user growth of almost 150% and more than 20 times transaction growth compared to the service’s initial release with most transactions coming from e-wallets. Businesses also face lower cancellation rates, with cancellation rates of 36% before SIRCLO Payments and 25% after SIRCLO Payments.
In addition to SIRCLO Payments, SIRCLO Store also offers ready-to-use templates for medium-sized businesses to help them build a webstore that facilitates online purchases. With the increasing need to establish brand presence on multiple online selling platforms, brands and merchants are supported by SIRCLO Store to sell through Marketplaces and Chat Commerce via one integrated management dashboard.
SIRCLO neither provides regulated advice nor guarantee results. The materials we convey reflect general insight and best practice based on information currently available, and do not contain all of the information needed to determine a future course of action. Such information has not been generated or independently verified by SIRCLO and is inherently uncertain and subject to change. SIRCLO has no obligation to update these materials and makes no representation or warranty and expressly disclaims any liability with respect thereto.