PayerMax obtained Indonesian payment license

Recently, PayerMax, a global online payment company, announced that it has officially obtained a PJP payment license from the Bank of Indonesia. This means that PayerMax's capabilities in system security, compliance operations, and risk control have been recognized by regulatory agencies

Recently, PayerMax, a global online payment company, announced that it has officially obtained a PJP payment license from the Bank of Indonesia. This means that PayerMax's capabilities in system security, compliance operations, and risk control have been recognized by regulatory agencies. Based on this qualification, PayerMax can better conduct cross-border and local payment businesses locally, providing more secure and convenient payment services for more overseas and local enterprises.

As the most populous country in Southeast Asia, Indonesia's digital economy holds enormous potential. According to reports from Google, Temasek, and Bain, the estimated value of Indonesia's digital economy in 2022 is $77 billion. It is also predicted that by 2025, the scale of the digital economy will double, reaching an estimated $130 billion.

Meanwhile, in recent years, the Indonesian government has also been vigorously promoting digital payments. As early as 2019, the Bank of Indonesia released the QRIS system, namely the standardized "QR code payment" in Indonesia, aiming to create a simple and convenient QR code payment transaction process. Currently, it has supported GoPay, OVO, DANA and other mainstream electronic wallets and mobile banks in Indonesia. In addition, the Bank of Indonesia has also launched the National Open API Payment Standard (SNAP) to promote interconnection between open applications in payment transaction processing.

As a financial technology company specializing in payment solutions for emerging markets, PayerMax has been early in expanding its presence in the Indonesian market and has firmly increased its local investment. It has established offices in the local area, established local compliance, legal, and risk control teams, and gradually completed the construction of local payment infrastructure. Ultimately, it has successfully integrated and integrated various payment methods in Indonesia, Provide diversified professional payment solutions for overseas enterprises. Currently, PayerMax supports mainstream payment methods in Indonesia, including electronic wallets, bank transfers, card payments, OTC, and operator payments.

The acquisition of the PJP payment license from the Bank Indonesia signifies another breakthrough in PayerMax's layout in Southeast Asia, gradually improving its global emerging market payment network in Southeast Asia, the Middle East, North Africa, Latin America, and other regions.

It is understood that PayerMax has obtained local official payment licenses in multiple countries and regions such as Hong Kong, Singapore, the United Arab Emirates, Thailand, and the Philippines. It has local teams in 14 countries and regions, covering 83 countries and regions worldwide, supporting over 530 payment methods, over 70 transaction currencies, and over 20 local languages, serving over a thousand merchants worldwide.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])