6 Popular Cashless Payment Methods in Indonesia

Cashless payment methods have become a trend in Indonesia. Especially with the Covid-19 pandemic that caused us to limit physical contact with other people. Non-cash payments are also considered safer than conventional methods because they can help suppress the spread of the virus. Not to mention the practicality and efficiency because it saves you the trouble of preparing cash. Cashless payment methods come in various types over time. Here are the most popular cashless payment methods in Indonesia!

Debit Card
You might be familiar with this payment method. If you have a bank account, you certainly have gotten a debit card. You can use this card to make payments and instantly deduct the balance from your account.

Debit cards can be used to make payments anywhere, assuming an EDC machine is always available. Today’s debit cards have chips implanted into them, so they can work just by touching the card onto the machine. However, if the card does not have a chip yet, the staff present will swipe it.

Credit Card
The second method of cashless payment is credit cards. This payment method is a type of loan. It means the bank that issued the credit card will bear the payment first. Later, you will have to pay a monthly bill charged with interest according to the bank's policy. However, generally, credit cards can only be owned by customers at least 21 years old.

Prepaid E-Money
This particular method may seem similar to debit cards at first glance. Electronic money is a non-cash payment method that is also widely used in Indonesia. If the ownership of a debit or credit card has specific requirements, electronic money can be used by anyone. In fact, this card is handy for public transportation costs.

Electronic money card transactions are done by simply touching them on the machine, and the balance will automatically be deducted. It is also relatively easy to check the balance. If your smartphone is equipped with a Near Field Communication or NFC feature, you can check your balance by touching the electronic money card on your phone. You can also top up your balance through an ATM or by going to a retail minimarket cashier.

E-Wallet or Digital Wallet
This cashless payment method is the most popular one in Indonesia since you can access digital wallets or e-wallets anytime through your smartphone. Every transaction can also be done in the palm of your hand. With an e-wallet, you no longer have to carry cash or cards to make payments because your cell phone can make direct payments without physical contact.

QRIS
Another cashless payment method is QRIS. QRIS stands for Quick Response Code Indonesian Standard that Bank Indonesia developed. This type of payment is done by simply scanning the store's code.

One of the applications that can make payments using the QRIS method is PermataMobile X digital banking application. By using PermataMobile X, you can make payments directly from the application's home page. Select the QR Pay icon, scan the merchant's QRIS, enter the payment amount and authenticate the transaction with your PermataMobile X mobile PIN.

Registering for m-banking is easy. So for those who don't have it yet, you can directly download the PermataMobile X digital banking application from the App Store or Play Store, register, and enjoy various benefits immediately.

Virtual Account
The last popular cashless payment method is a virtual account. A virtual account or VA is a payment account specifically made for a particular purpose. VA is a combination of numbers made unique for each person per the bank.

This payment method is suitable for online transactions, so buyers do not make mistakes when transferring money. You might have entered the wrong payment amount before, but with VA, this error will not occur because the nominal that appears will always match the amount of your transaction.

Those are the six cashless payment methods that are popular in Indonesia. To enable transactions without physical contact, use the PermataMobile X application. PermataMobile X offers various conveniences in one digital banking innovation, especially for cashless payments. You can apply for a credit card, top up your e-wallet, pay using the QRIS method, and transfer to your PermataBank virtual account. In addition to that, it is easy to register for PermataMobile X so that anyone can enjoy hundreds of features offered by PermataMobile X.

There is no need to worry; registering for PermataMobile X m-banking is very easy. You only need to download the application via App Store or Google Play Store, then register using your PermataBank account or credit card number. For those who do not have a PermataBank account or credit card yet, you can immediately open an account or apply directly on the application.
Not only for cashless payments, but PermataMobile X also offers hundreds of sophisticated features that will support your banking transactions. It includes transfers, top-ups, bill payments, temporary credit card limit increase applications, online mutual fund investments, and more.

With easy m-banking registration and hundreds of advanced features, PermataMobile X is the right solution for those who want simple and practical banking transactions. What are you waiting for? Go download PermataMobile X now!