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OVO
OVO is a digital payment service based in Jakarta, Indonesia, providing QR code payments and other features
Method
OVO
LPM Market Share
35%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
51.5M
Disbursements
Yes
Yes
Chargebacks
No
Authorization currency
IDR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
OVO enables users to carry out digital payment transactions even if they don't own a bank account
OVO is available in 90% of Indonesia's shopping malls and is accepted at over 500,000 merchants, making it a dominant player in both offline retail and e-commerce
OVO's partnerships with Grab and leading Indonesian e-commerce platform Tokopedia have significantly boosted its user base
