Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

OVO

OVO, established in 2017, is one of Indonesia’s leading digital wallets in the country where almost 40% of consumers use digital wallets to pay for the goods and services they buy online.

Properties

The properties of the OVO payment method are shown in the following table:

Payment type

Wallet

Funding source

Wallet balance

Acquirer

AlipaySG, AlipayUS

Acquiring region

SG, AU, HK, US

Payment flow

Redirect

Checkout Payment

✔️

Supported country

Indonesia

Auto Debit

Funds deduction

Real-time

Refund

Supported currency

IDR

Partial refund

Minimum payment amount

1 IDR

Chargeback/Dispute

Maximum payment amount

2,000,000 IDR for non-KYC users;

20,000,000 IDR for KYC users

User experience

The following screenshot shows the journey of paying with OVO:

image

Figure 1. Payment process with OVO