Indosat Ooredoo Hutchison (IOH) says it’s collaborating with Setara Networks (a.k.a. Tara) to launch zero-fee instant transaction features to further accelerate the adoption of digital payments in Indonesia.
The two companies have created and integrated a seamless and secure payments network within IOH’s Bima+ lifestyle app with a count capped zero-fee model.
Users need to create a one-time unique Pay-ID linked with their mobile number that can be used for all their transactions. Once they do that, IOH says, they can make secure and faster digital transactions from anywhere with just one click without having to download additional applications or paying additional fees.
IOH says Tara’s OneClick Checkout technology will bring down the average time of transaction to 20 seconds compared to virtual account payments where the user has to login to a bank app to complete the payment.
The same payment tech will soon be available via IOH’s myIM3 consumer app as well.
Sabrina Lee, SVP and head of IOH’s digital business unit, says the one-click zero-fee payment feature will give the operator a leg up in Indonesia’s fast-growing digital payments market.
“The ease and speed of digital transactions with just one click will be Indosat’s key differentiation from other service providers,” Lee said in a statement.
According to Statista, user penetration in Indonesia’s digital payments segment is forecast reach close to 85% by 2027.