OY!

What OY! does

OY! Indonesia (legal entity PT Dompet Harapan Bangsa) is an API-first payment aggregator founded in 2017 as a chat application and pivoted to fintech in 2018. Headquartered in Jakarta with 251–500 employees, the company operates Indonesia's first fully integrated cash-and-cashless payment infrastructure, connecting to more than 100 banks and leading e-wallets in Indonesia. Its platform serves 10,000+ small and medium enterprises and 1,000+ enterprise clients across transportation, retail, logistics, financial services, and digital products.

The core product suite comprises four pillars: Send Money (bulk disbursement to thousands of accounts simultaneously with real-time settlement and cost savings of up to 20% versus conventional bank transfers), Receive Money (virtual account aggregation across up to 10 banks, payment links, QRIS, e-wallet, and card acceptance), Expense Management (virtual corporate cards with real-time transaction tracking), and Cash Management (licensed cash deposit machines and points). Supporting modules include an Open Banking data product (OY! Data Transaction), International Transfers in SGD/USD to Singapore, China, and Hong Kong, a Biller API, and a Business App for Android. Technology is delivered via a documented API platform with self-serve onboarding for SMBs and dedicated sales support for enterprise clients.

OY! monetizes primarily through transaction fees — Rp4,000 per cross-bank salary disbursement versus Rp6,500 for manual transfers — plus payment processing fees across virtual accounts, e-wallets, QRIS, and cards. The platform is registered and supervised by Bank Indonesia (Register 21/267/Jkt/3) and authorized by OJK (S-326/MS.72/2019), with ISO 9001, ISO 27001, ISO 37001, and PCI DSS v4.0.1 SAQ-D certifications. Notable customers include Pegadaian, Akseleran, and CrediBook; banking and infrastructure partners include OCBC NISP, BRI, Danamon, VIDA, and Manuva; accounting integrations include Mekari Jurnal, Accurate, and Xero. The company has raised approximately $60M in disclosed funding, with a $15M round in August 2025 led by MUFG Bank.

Name

OY!

Legal name

PT Dompet Harapan Bangsa

Website

https://oyindonesia.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

OY! Indonesia is an API-first payment aggregator serving 10,000+ SMEs and 1,000+ enterprises with integrated cash-and-cashless payment infrastructure across 100+ banks and e-wallets in Indonesia, monetizing via transaction fees.

Ownership category

akta.pro rank

Product category

Payment Processing Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Payment Orchestration Platforms (FSAGABAA)

akta.pro secondary industries

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Payment Gateways & Orchestration (BPAMAFAA)

Keywords

• Payment processing platform
• Bulk disbursement services
• Cash management solutions
• Expense management software
• Payment aggregation API

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction Fees: OY! Indonesia charges transaction fees for payment services. For salary disbursements to different banks, OY! Business charges Rp4,000 per transaction. The company charges fees only for successful transactions with transparent pricing and no hidden costs.
2. Payment Processing Fees: Fees charged for processing various payment methods including virtual accounts, e-wallets, QRIS, and card payments through their integrated payment platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

OY! Indonesia operates an integrated payment infrastructure platform that enables businesses to send, receive, and manage money across cash and digital channels. Core products include Send Money (bulk disbursement to 100+ banks and e-wallets), Receive Money (multi-channel payment acceptance via virtual accounts, payment links, QRIS, e-wallets, and cards), Expense Management (corporate cards with real-time tracking), and Cash Management (licensed cash deposit machines). The platform serves both enterprises via API integration and SMEs via a self-serve business portal and mobile app.

Product overview

OY! Indonesia operates as an integrated payment infrastructure platform offering a comprehensive suite of payment products. The core portfolio consists of four main financial products: Send Money (bulk disbursement and fund transfers), Receive Money (payment acceptance), Expense Management (corporate spending control), and Cash Management (licensed cash handling services). These are complemented by a Mobile Business App for on-the-go transactions and OY! Data Transaction for Open Banking analytics. The platform is Indonesia's first fully integrated cash and cashless payment ecosystem, connecting to 100+ banks and leading e-wallets. Key differentiators include real-time settlement, end-to-end cash management solutions, and integrated bookkeeping through partner accounting software (Mekari Jurnal, Accurate, Xero).

Differentiator

Problem solved

Functional benefit

Products and services

• Send Money A bulk fund transfer service connected to more than 100 banks and e-wallet providers in Indonesia, enabling businesses to disburse payouts to thousands of accounts simultaneously in real-time. Pricing is Rp4,000 per cross-bank salary disbursement versus Rp6,500 for manual transfers.
• Receive Money Payment acceptance service that allows businesses to receive payments from various account sources including bank transfers, virtual accounts (up to 10 bank options), e-wallets, and cards. Includes Payment Link (one-time and reusable), Virtual Account aggregator, QRIS, and e-Wallet API, all monitored on a single dashboard.
• Expense Management Corporate payment solution that provides visibility and control over all company expenses, including multiple virtual corporate cards for different teams and real-time transaction tracking on an integrated dashboard. Includes Account Payable and Account Receivable management.
• Cash Management Licensed and comprehensive cash handling services for businesses dealing with cash-heavy operations, including Cash Deposit Central (private dedicated cash deposit machines) and Cash Deposit Point (shared access with commission), available 24/7 with real-time settlement.
• OY! Business App Mobile application available on Google Play Store that enables businesses to create and share payment links, send funds to various accounts, and receive payment notifications on the go.
• OY! Data Transaction Open Banking product that helps businesses analyze meaningful transaction data for financial insights and reporting, including transaction data analysis from bank accounts.

Quantifiable outcome

• Cost savings of up to 20% on bulk disbursements compared to conventional bank transfers
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Mekari JurnalcoreTechnology or IntegrationAccounting software integration partner enabling automated bookkeeping. OY! Bisnis integrates with Mekari Jurnal to automatically record cash flow transactions including Multi Transfer, API Kirim Uang, Pengiriman Uang, and payments through VA Aggregator, E-wallet Aggregator, and Payment Checkout.
• AccuratecoreTechnology or IntegrationAccounting software integration partner for automated bookkeeping. Allows users to connect OY! accounts to Accurate for seamless financial recording and reporting.
• XerocoreTechnology or IntegrationInternational accounting software integration partner enabling OY! users to sync transaction data with Xero for automated accounting and financial reporting.
• VIDA (PT Indonesia Digital Identity)coreTechnology or IntegrationElectronic Certification Partner (Mitra PSrE) for identity verification services. VIDA performs Know Your Customer (KYC) verification by matching user biometric and demographic data against government databases, and issues electronic certificates for identity verification purposes.
• ManuvasupportingTechnology or IntegrationCash deposit machine operator partner providing licensed cash handling infrastructure. Manuva operates cash deposit machines that integrate with OY!'s cash management solutions for corporate clients.
• OCBC NISP (Bank OCBC)coreStrategic or Co-development PartnerBanking partnership offering OCBC savings account opening through OY! platform and personal loan (KTA) products with interest rates starting from 0.98%. Enables customers to access banking services directly through OY!
• AFTECH (Asosiasi Fintech Indonesia)supportingStrategic or Co-development PartnerCollaboration with Indonesian Fintech Association during National Fintech Month (Bulan Fintech Nasional/BFN) 2023 to promote financial inclusion and digital financial services adoption in Indonesia.
• Bank Danamon IndonesiasupportingStrategic or Co-development PartnerBanking partnership for collaborative efforts to expand financial inclusion in Indonesia, particularly during National Fintech Month initiatives.
• Bank Rakyat Indonesia (BRI)supportingStrategic or Co-development PartnerBanking partnership for cross-sector collaboration to promote financial inclusion in Indonesia alongside AFTECH and other partners.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Xendit: Indonesia-focused payment gateway and API infrastructure serving businesses with disbursements, virtual accounts, and payment acceptance. Directly competes with OY! across nearly the entire product surface, with a larger international footprint.
• Flip (PT Fliptech Lentera Inspirasi Pertiwi): Indonesian fintech offering bulk disbursements, virtual accounts, and payment link services to businesses and individuals. Closest direct competitor on bulk payout pricing and target SMB segment.
• DOKU: One of Indonesia's oldest payment gateway providers offering online payment processing, virtual accounts, and e-wallet aggregations. Competes with OY! on payment acceptance and enterprise integration.

Broad incumbents

• Midtrans (GoTo): Payment gateway owned by GoTo Group, Indonesia's largest tech ecosystem, offering comprehensive payment processing to merchants. Larger incumbent with broader distribution but less specialized in disbursement infrastructure.
• Dana Indonesia: Major Indonesian e-wallet and digital payment platform with extensive merchant network. Competes on payment acceptance and QRIS, backed by Ant Group and local conglomerate capital.
• Stripe: Global payment infrastructure platform offering API-based payment orchestration, payouts, and embedded finance. Reference global incumbent for OY!'s API-first architecture and product roadmap.
• Wise (TransferWise): Global cross-border payments platform that overlaps with OY!'s International Transfer feature (SGD/USD to Singapore, China, Hong Kong). Sets competitive benchmark for OY!'s cross-border ambitions.

Emerging players

• Ninja Xpress (formerly Doku): Indonesian logistics fintech offering integrated shipping and payment services for SMBs. Adjacent fintech-services peer serving similar UMKM segment with cross-vertical workflow integration.
• Verihubs: Indonesian identity verification and KYC provider that OY! co-markets with on its homepage. Overlaps with OY!'s KYC-enabled onboarding flow and shares similar enterprise client base in financial services.
• Privy (Privy Identitas Digital): Indonesian digital identity and electronic signature provider, registered as a PSrE. Adjacent infrastructure player serving similar fintech enterprise clients with KYC and identity verification needs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC4FacNsz8UIR-ylMXYPyzTA
• Facebookweb.facebook.com/OYIndonesiaOfficial
• LinkedInlinkedin.com/company/oy
• Instagraminstagram.com/oyindonesia
• Xx.com/oyindonesia

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds6 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OY!