By 2030, digital wallets and account-to-account (A2A) transfers are projected to dominate Indonesia’s e-commerce market, surpassing cash and credit cards as consumers increasingly link and fund their digital wallets directly from their bank accounts. According to the 2026 Worldpay report by Global Payments, digital wallets led the online marketplace in 2025 with a 42% share of transaction value, while A2A payments followed at 34%. Over the same period, cash accounted for 13%, credit cards stood at 5%, and buy now, pay later (BNPL) along with other alternative methods each held 3%. By 2030, digital wallets are expected to edge up to a 43% market share, and A2A payments are forecast to rise to 38%. Conversely, cash use will drop to 10%, credit cards to 4%, and alternative methods to 2%, while BNPL is anticipated to hold steady at 3%. This shifting dynamic will accompany significant growth in Indonesia’s e-commerce market, which is projected to expand by 10% annually, climbing from an $84 billion valuation in 2025 to $136 billion by 2030.
A similar transition away from cash is occurring at physical storefronts. Although cash remained the primary in-person payment method in 2025 with 36% of the transaction value, this marks a steep decline from 77% in 2019. Meanwhile, A2A transfers secured 23% of the point-of-sale (POS) market share, closely followed by digital wallets at 22%, debit cards at 11%, credit cards at 7%, and other options at 2%. Looking toward 2030, cash use at the register is forecast to contract further to 24%. In its place, A2A transactions are expected to climb to 32% and digital wallets to 26%, while debit cards drop slightly to 10%, credit cards to 6%, and other payments remain at 2%. This evolving brick-and-mortar landscape is estimated to grow at a 5% annual rate, moving from a $270 billion valuation in 2025 to $337 billion by 2030.
The widespread adoption of A2A options has been accelerated by the central bank’s financial infrastructure, specifically the BI-FAST real-time settlement framework and the standardized QRIS national QR code. The QRIS network has also expanded internationally, allowing cross-border interoperability with payment grids in Singapore, Thailand, Malaysia, and China. By August 2025, these systems linked roughly 57 million consumers and 40 million merchants nationwide. Top digital wallet brands—such as GoPay, DANA, ShopeePay, and OVO—continue to drive this digital shift.
Despite these advancements, cash-on-delivery models still represent 13% of all online transactions, keeping Indonesia’s cash reliance high by global metrics. Bank Indonesia aims to systematically phase out this cash dependence through its strategic Indonesia Payment System Blueprint 2030 alongside its existing digital payment infrastructure. For transactions requiring physical cards, Mastercard maintained market leadership with a 43% share in 2024, followed by Visa at 35%, the domestic GPN system at 16%, and alternative payment networks at 6%.
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