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Visa payWave to Provide Faster and More Convenient Contactless Payments in Indonesia


Jakarta, September 29, 2016 – Today, the global leader in payments Visa is introducing its Visa payWave contactless technology, a fast, secure, and more convenient way to pay at supermarkets, restaurants, entertainment venues and retailers across Indonesia. For all purchases under Rp. 1.000.000 cardholders simply wave their Visa payWave card over a secure reader to pay and go.

With the ongoing support from the government towards a less cash society and Bank Indonesia’s National Less Cash Movement, Visa believes the country’s journey towards the adoption of cashless payments will be accelerated by the introduction of contactless payment options.

Ellyana Fuad, President Director PT Visa Worldwide Indonesia said: “Visa understands the demand for convenience in everyday life and we believe Visa payWave technology will enhance the overall payment experience for consumers and merchants alike. Visa payWave helps to reduce check-out time as consumers no longer have to wait for change or fumble for cash and coins, while merchants will not be hassled by cash management. On top of that, Visa payWave is as secure as all other Visa EMV chip card transactions.”

According to the Visa Consumer Attitude Study 2015 , more than 80 percent of Indonesian respondents are eager and interested contactless payment, and Visa payWave continues to gain traction and acceptance with more than 790 partner merchants. Currently, Bank CIMB Niaga, Bank Tabungan Pensiunan Negara (BTPN), UOB Indonesia and Bank Mandiri are offering Visa payWave cards, with more banks to adopt Visa payWave on their payment cards shortly.

“As Indonesian consumer increasingly demand greater convenience in the payment of everyday goods and services, Visa is delighted to introduce Visa payWave which will improve efficiency. We believe Visa payWave sets a foundation for future expansion of contactless payment forms including wearable devices and mobile phones. Moving forward, we look to work more closely with consumers, merchants, and our banking partners to help drive acceptance of Visa payWave across Indonesia,” Ellyana added.

Visa payWave is currently accepted at retailers and F&B outlets including Hypermart, Food Mart, Hoka-Hoka Bento, Kitchenette, Pizza E Birra, Cinemaxx, Blitz and 7-Eleven Stores, with more to join in the future.

More about Visa payWave
Visa payWave is Visa’s contactless payment technology and can be found on Visa cards bearing the Visa payWave symbol. It enables cardholders to make faster payments in a convenient and secure manner. Visa payWave cards have an embedded antenna and microchip, enabling “contactless” communication with a reader at the checkout. From there, the transaction is processed through the same secure Visa network used for all Visa transactions. Cardholders simply wave their Visa payWave card over a secure reader to pay and go.

About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit https://usa.visa.com/,visacorporate.tumblr.com and @VisaNews.

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