Indepay targets lower transaction costs for Indonesia’s MSMEs with zero-fee model

[JAKARTA] Indonesian fintech company Indepay Networks is aiming to unlock the potential of the country’s vast, underserved market by offering a zero-fee transaction model that connects mobile phones to bank accounts.

With Indonesia’s population of 180 million people without easy access to traditional banking services, Indepay seeks to bridge the gap by offering a convenient and cost-effective alternative for them to engage with the formal financial system.

To launch its service, Indepay Networks has partnered Indosat Ooredoo Hutchison, Indonesia’s second-largest telecom operator, to reach its 100 million customers.