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 | Merchant entity location | SG, AU, HK, US |
Payment flow | Redirect | Refund | ❌ |
Buyer country/region | Indonesia | Partial refund | ❌ |
Processing currency | IDR | Chargeback/Dispute | ❌ |
Minimum payment amount | 1 IDR | Time to return the payment result | Real-time |
Maximum payment amount | 2,000,000 IDR for non-KYC users; 20,000,000 IDR for KYC users | ||
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following screenshot shows the journey of paying with OVO:
Figure 1. Payment process with OVO