Started as a single e-commerce site that focuses on community, BukaLapak is now a holding company that holds 3 e-commerce sites: BukaLapak.com, HijUp.com and Scallope.com. Today, their group CEO Ahmad Zaky announces the online payment platform they finally launched after a long while. Continue reading Long Overdue, E-Commerce Group BukaLapak Finally Supports Online Payment
Tag Archives: Transaction
Indonesian E-Commerce Transaction in 2012 worth IDR2.5 Trillion
The value of online shopping transaction in Indonesia this year is estimated to reach around USD266 million or IDR2.5 trillion. The number is predicted to go up 79.7% to USD478 million (around IDR4.5 trillion) in 2013. In 2014, the value of Indonesian online transaction is predicted to reach USD736 million (around IDR7.2 trillion).
The number is obtained from around 6% of 50 million internet user in Indonesia who shop online. The number also indicates increase because in 2009, only 3% of internet user shopped online. The facts are revealed by the Director of Ideosource, Andi S. Boediman as reported by IndoTelko.
Indonesian e-commerce manages to reach such number, according to Andi, is because of two things; namely the growth of Indonesian economy and the fact that now e-commerce website in Indonesia has provide a safe and comfortable media to shop online. That includes payment from customer to e-commerce owner and goods delivery from e-commerce owner to the customer.
Continue reading Indonesian E-Commerce Transaction in 2012 worth IDR2.5 Trillion
Payment platforms attacks Asian market
You might be doing that big sigh when I mention “payment platform” but looking at recent developments, this are is getting hotter by the day with new player trying to study the market while silently preparing their product to help people pay online. Asian version of Paypal Here, or Square.
Singapore-based company Swiff is trying to do exactly what Square does in US market, it basically enables regular people to receive credit payment using their mobile phones. Although they’re not exactly inventing a new wheel, they are trying to change the way people transact at least in the region.
In the US, Square is very well-received by its merchants and even manage to raise $169 million in funding from VC firms and strategic investors such as Visa. And of course Square can easily dwarf Swiff once they have decided to expand to Asia, and with Visa on their back it’s only a matter of time until it happens.
Why E-banking and Mobile Banking Are Not That Appealing to Consumers?
Editor’s note : After Rama wrote about desktop vs mobile banking, we have a guest post by Dolly Surya Wisaka on the same matter but from the perspective of his experience and opinion on using and developing both e-banking and mobile banking systems, as well as suggestions on how to make these services more appealing for users.
Intrigued after reading the e-banking vs m-banking post on Detikinet and DailySocial, a statement quoted from one of the executives of Bank Mandiri that might show no harm for common people. But I feel obliged to point out my concerns regarding the misuse of the information to give the wrong conclusion.
In this opportunity I would like to share my thoughts on online and mobile banking based on my own experience and this discussion will be limited to those services only so we can focus on the issue.
First, let’s describe e-banking and mobile banking.
Continue reading Why E-banking and Mobile Banking Are Not That Appealing to Consumers?
Anti-trend: Accessing Internet Banking via Desktop is More Popular than via Mobile
Lately, we are always been surprised by mobile industry in Indonesia that is increasing fast, supported by the fast growth of users, even compared to developed country. Some statistics shows that Indonesia is on the top 5 of countries with the highest mobile growth. The surprising thing is that the banking transaction shows the opposite trends.
Recently, Bank Mandiri stated that the number of mobile banking users on their platform is less than internet banking via desktop (full web) users. By now, Bank Mandiri has 11 million customers and the adoption of e-Banking increases very fast.
Continue reading Anti-trend: Accessing Internet Banking via Desktop is More Popular than via Mobile
New Payment Service: Inapay.com
Lately, there are many e-commerce emerging, including two giant foreign e-commerce come to Indonesian market such as Rakuten and eBay. Besides that, other online merchants, which still use bank transfer or other systems also make their presence.
The majority of Indonesian users who do online shopping activity give enough attention to the safety, as stated in this article on DailySocial. According to the research we did, it includes transaction safety. Therefore, users need safe online payment system.
DailySocial readers in Indonesia has been known some payment systems like Doku Unik, IndoMog, Kaspay, and it is also reported that BCA will launch KlikPay, while Mandiri Bank romored to launch Tokone.com.
By now, there is a new startup offers payment service to do online transaction in Indonesia. This startup from PT Indonesia Payment Solution is called as Inapay.com.
Menanti Kejutan Dari Doku
Doku, startup yang memberikan layanan pemrosesan kartu kredit asal Indonesia, yang sebelumnya dikenal sebagai NsiaPay, meluncurkan produk baru mereka hari ini. Layanan mereka kini tidak hanya diperuntukkan bagi pedagang online tetapi semua pedagang di seluruh nusantara.
Selama bertahun-tahun banyak orang Indonesia telah menggunakan PayPal untuk melakukan transaksi melalui internet, terutama freelancer yang sering memiliki klien di luar negeri. Meskipun layanan customer service sangat sulit untuk memberikan layanannya, namun PayPal menjadi pilihan karena ini merupakan metode pembayaran yang paling mudah dan dapat diakses lintas batas. Sayangnya, nilai tukar yang digunakan oleh PayPal merugikan pengguna di luar Amerika Serikat yang perlu menarik dana ke rekening bank mereka, dan nilai tukar yang ditetapkan ini sering jauh di bawah tarif yang ditetapkan oleh bank-bank lokal.
Will Doku save us from PayPal’s ridiculous exchange rate?
Doku, an Indonesian credit card processing startup formerly known as NsiaPay, is launching a new product today to bring online payment to not only online merchants but all merchants across the archipelago.
For years many Indonesians have been using PayPal to conduct transactions over the internet especially freelancers who often have overseas clients as it’s the easiest and most accessible payment method across borders even though its customer service can be very difficult to deal with. Unfortunately, the exchange rate used by PayPal is detrimental to users outside of the United States who require to withdraw funds to their bank accounts as it is often set far below the rates set by local banks.
For transactions with overseas clients or institutions, PayPal has become the de facto payment method but for local transactions, PayPal, while practical, is far from being the best choice. Most local electronic transactions are done through bank transfer via internet banking, mobile banking or through ATMs. Unfortunately due to the refusal of Bank Mandiri and BCA, two of the biggest banks in the country, to allow online transactions between their accounts, these methods fail.
Continue reading Will Doku save us from PayPal’s ridiculous exchange rate?
Financial Management with Amplop.in
Amplop.in, a user friendly service for financial management was launched on February 28, 2011.
Indonesia’s financial management related service is not really a new thing; previously DailySocial wrote about NgaturDuit.com which also provides assistance for users to record and manage their financial activities.
Amplop.in is a web based financial planning application which offers services among others to record transactions like income or expenditure, to assist users to set priorities, evaluation result and process from ongoing financial transaction and using ‘envelope’ philosophy with calendar-like looks.