Payment Gateway Indonesia

In recent years, Indonesia has witnessed tremendous growth in online payments. According to the FIS Global Payments Report 2023, in 2022, 39% of the total e-commerce payment methods in the country were made via digital wallets, and 28% of the total POS payments. The country has been witnessing an upsurge in online payments; a report by Statista confirms it, in which the adoption rate of cashless payments in Indonesia is more than 90%. And as we know, online payments make it a necessity for businesses to join hands with a payment gateway for fast and secure online transactions. With the rapid growth in digital payment adoption, the demand for secure and reliable payment gateways has also surged. However, there are many businesses that face challenges in finding a payment gateway Indonesia because of the elevated inherent risk of the industry. This is why these so-called high-risk businesses rely on high-risk payment gateways for accepting payments via online methods. In this blog, we e...

 In the ever-evolving landscape of online payments, the only thing that remains unchanged is a payment gateway, which is preferred for processing online payments due to its ability to provide a faster and safer transaction. Even some gateways are only made for the purpose of secure online payment processing. But with time, fraudsters also became smart and found many loopholes in the security of a payment gateway to exploit for their vicious intentions. Online crimes have been increasing day by day with tremendous speed, as there was a loss of 5.8 USD billion last year, an increase of 70% over 2020. However, there are many places on earth where there are very low chances of such a thing, and there are also many countries that have had to do a lot of work towards their cybersecurity, and Indonesia is one of such nations. Indonesia is Southeast Asia’s most targeted country for ransomware attacks. The nation faced 11 million cyberattacks in the first quarter of 2022, an increase of 22%...