PT. Finnet Indonesia
- Company typePrivate
- Founded-
- HeadquartersJakarta Selatan, Indonesia
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What PT. Finnet Indonesia does
PT. Finnet Indonesia, operating under the Finpay brand, is an Indonesian digital payment infrastructure provider headquartered in Jakarta at Telkom Landmark Tower. The company is a subsidiary of Telkom Indonesia, the state-owned telecommunications conglomerate, and has operated in the Indonesian payments market for nearly two decades. Its core offering is a modular Finpay platform comprising a payment gateway, fund disbursement, cross-border remittance, an e-wallet (Finpay Money), billing management, electronic vouchers, and a partner/agent program (Mitra Finpay), connected through Hosted Payment, Finpay Link, and Core API integration layers.
The platform accepts and routes payments across virtual accounts (BCA, Mandiri, BNI), QRIS, credit/debit cards, instant payments (Permatanet), e-wallets (OVO, DANA, ShopeePay, LinkAja), and paylater providers (Kredivo, Indodana), with pricing structured purely on a per-transaction or percentage basis (e.g., Rp 3,500 per VA transaction, 0.7% for QRIS, 1–2.3% for cards/paylater). Technology differentiators emphasized are a layered security system with PCI DSS certification, sandbox and developer documentation at docs.finpay.id, automated reconciliation, and a customizable dashboard.
Commercially, Finpay operates a tiered go-to-market combining self-serve online registration for UMKM/MSMEs, API-first integration for growth-stage and developer-led customers, and dedicated direct sales with WhatsApp/live chat support for enterprise and government accounts. The company reports 957 million+ annual transactions, 122+ registered billers, 80+ bank partners, and 46+ e-commerce partners, with named enterprise/government clients including PLN, KAI, Telkomsel, Blibli, ShopeePay, and Alfamart. No revenue, headcount trend, or funding data is disclosed in the available source material.
PT. Finnet Indonesia firmographics
Firmographics- Name
- PT. Finnet Indonesia
- Legal name
- PT. Finnet Indonesia
- Website
- https://finnet-indonesia.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
PT. Finnet Indonesia industry classification
Industry- Product category
- Payment Gateway Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Payment Gateways & API Connectivity (FSAGABAB), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
Keywords
Where PT. Finnet Indonesia is headquartered
LocationHeadquarters
- HQ city
- Jakarta Selatan
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
PT. Finnet Indonesia business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction Fees - Virtual Account Bank: Per-transaction fees for virtual account bank transfers at Rp. 3500 per transaction
- Transaction Fees - Instant Payment: Per-transaction fees for instant payment processing at Rp. 4000 per transaction
- Transaction Fees - Credit/Debit Card: Percentage-based transaction fees for card payments at 2.3% + Rp. 1000 per transaction
- Transaction Fees - E-Money/E-Wallet: Variable percentage-based fees for e-money and e-wallet payments ranging from flat Rp. 500 to percentage rates of 1.5-2%
- Transaction Fees - QRIS: Percentage-based transaction fees for QRIS payments at 0.7% per transaction
- Transaction Fees - Paylater & Installments: Percentage-based fees for paylater and installment payments ranging from 1% to 2.3% per transaction
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Virtual Account Bank Transfer - Rp. 3,500 per transaction |
| Transaction based/ take rate | Pay-as-you-go | Instant Payment - Rp. 4,000 per transaction |
| Transaction based/ take rate | Pay-as-you-go | Credit/Debit Card - 2.3% + Rp. 1,000 per transaction |
| Transaction based/ take rate | Pay-as-you-go | E-Money/E-Wallet - Variable rates (Rp. 500 to 2%) |
| Transaction based/ take rate | Pay-as-you-go | QRIS - 0.7% per transaction |
| Transaction based/ take rate | Pay-as-you-go | Paylater & Installments - 1% to 2.3% per transaction |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels8 records
PT. Finnet Indonesia product offering
Product offeringCore offering
PT. Finnet Indonesia, operating as Finpay, provides a complete digital payment infrastructure for Indonesian businesses. Its core offering is a payment gateway that connects merchants to multiple payment methods including virtual accounts, QRIS, credit/debit cards, e-wallets, instant payments, and paylater options, supported by disbursement, remittance, e-wallet, and billing management modules.
Product overview
PT. Finnet Indonesia operates Finpay as a comprehensive, modular digital payment platform offering integrated payment infrastructure. The core offering is the Payment Gateway, which connects merchants to multiple payment channels including virtual accounts, QRIS, credit/debit cards, e-wallets, and instant payments. Supporting modules include Disbursement for fund transfers, Remittance for cross-border payments, and Finpay Money e-wallet. The ecosystem extends through Mitra Finpay (partner channel), Bill Monitor (billing management), and e-Voucher (promotional vouchers). Integration options include Hosted Payment pages, Finpay Link for invoice sharing, and Core API for custom implementations, with Finpay Billing providing automated billing notification and payment processing capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Finpay Link: Invoice creation solution for individual or bulk invoices via WhatsApp or social media.
- Finpay Money
- Mitra Finpay
- Finpay Billing
- Finpay Disbursement
- Finpay Hosted Payment
- e-Voucher
Products and services
- Finpay Payment Gateway
Quantifiable outcome
- 957 million+ transactions processed annually
- +3 more outcomes
Companies that use PT. Finnet Indonesia
Customer profileNamed customers10 records
Segments8 records
Ideal customer profiles4 records
PT. Finnet Indonesia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature8 records
PT. Finnet Indonesia partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, flagship, major and minor.
- Bank IndonesiacoreRegulatory oversight and official licensing from Bank Indonesia as the central bank of Indonesia, ensuring compliance with applicable security and regulatory standards for payment services operations
- PCI Security Standards CouncilcorePCI DSS certification holder with periodic audits conducted by PCI Security Standards Council, demonstrating compliance with payment card industry data security standards
- ISO (International Organization for Standardization)coreISO 9001:2015 certified company demonstrating quality management system compliance in payment services operations
- KOMINFO (Ministry of Communication and Information Technology)coreRegistered and certified by KOMINFO, Indonesia's Ministry of Communication and Information Technology, for technology and information services compliance
- Telkom Indonesia (Parent Company)flagshipPT Finnet Indonesia is a subsidiary/part of of Telkom Indonesia group, providing access to telecommunications infrastructure, enterprise relationships, and brand credibility as a state-owned enterprise
- BCA (Bank Central Asia)coreVirtual account bank partner providing BCA bank transfer payment method integration for merchants accepting Finpay payments
- Mandiri (Bank Mandiri)coreVirtual account bank partner providing Mandiri bank transfer payment method integration for merchants accepting Finpay payments
- BNI (Bank Negara Indonesia)coreVirtual account bank partner providing BNI bank transfer payment method integration for merchants accepting Finpay payments
- ShopeePaymajorE-wallet payment partner integrated with Finpay platform, enabling ShopeePay users to pay through Finpay merchant networks at 2% transaction fee
- DANAmajorE-wallet payment partner integrated with Finpay platform, enabling DANA users to pay through Finpay merchant networks at 1.5% transaction fee
- OVOmajorE-wallet payment partner integrated with Finpay platform, enabling OVO users to pay through Finpay merchant networks at 1.5% transaction fee
- LinkAjamajorE-money payment partner integrated with Finpay platform at flat Rp. 500 per transaction fee
- KredivomajorPaylater payment partner integrated with Finpay platform at 2.3% per transaction fee for installment payments
- IndodanamajorPaylater payment partner integrated with Finpay platform at 1% per transaction fee for installment payments
- BliblimajorE-commerce partner integrating Finpay payment gateway for online marketplace transactions
- PLN (Perusahaan Listrik Negara)majorRegistered biller partner for electricity bill payments, enabling PLN customers to pay bills through Finpay's billing and payment management system
- KAI (Kereta Api Indonesia)majorTransportation partner for train ticket payments, integrating Finpay payment solutions for railway ticket transactions
- TelkomselmajorTelecommunications partner for bill payments and prepaid recharge services through Finpay platform
- AlfamartmajorRetail network partner providing over-the-counter cash payment and top-up services through Alfamart stores
- BYUminorTelecommunications partner for bill payment services through Finpay platform
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
PT. Finnet Indonesia competitors and assessment
Company assessmentDirect peers
- Doku: One of Indonesia's oldest payment gateway providers, offering online payments, e-money, and disbursements to merchants and enterprises. Direct competitor with similar product breadth and target market as Finpay.
- Xendit: Leading Indonesian payment gateway serving SMBs and enterprises with API-first payment processing, virtual accounts, e-wallets, and disbursements. Directly competes with Finpay on payment methods, target segments, and Indonesian geography.
- Midtrans (GoTo): Indonesian payment gateway operated by GoTo (Gojek-Tokopedia), offering online payment processing, virtual accounts, and credit cards. Direct competitor leveraging GoTo's super-app distribution and customer base.
- iPay88 (NTT Data): Indonesian payment gateway owned by NTT Data Japan, serving online merchants with credit card processing, virtual accounts, and internet banking. Direct competitor with similar enterprise and SMB target customers in Indonesia.
Broad incumbents
- LinkAja: State-backed Indonesian e-wallet joint venture involving Telkom Indonesia (Finpay's parent), BUMN banks, and others. Strategic overlap with Finpay given shared Telkom ownership and overlapping payment infrastructure.
- OVO: Major Indonesian e-wallet and digital payment platform with broad consumer and merchant presence. Functions as both a payment method accepted by Finpay and a competing payment acceptance network.
- ShopeePay (Sea Group): E-wallet integrated with Shopee's e-commerce ecosystem in Indonesia, providing payments within and increasingly outside the Shopee marketplace. Both a Finpay integration partner and a competing merchant acceptance channel.
- GoPay: Indonesia's largest e-wallet and part of GoTo ecosystem with massive consumer reach. While primarily a consumer wallet, it operates as a payment method integrated into Finpay and competes for merchant acceptance at scale.
- DANA: Major Indonesian e-wallet backed by Ant Group/Emtek, serving both consumers and merchants. Listed as a Finpay integration partner but also competes for merchant payment acceptance across QRIS and e-money rails.
Emerging players
- Flip (PT Fliptech): Indonesian fintech specializing in disbursement and B2B bill payments via virtual accounts, increasingly expanding into payment acceptance. Competes with Finpay's Disbursement and Finpay Billing product lines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PT. Finnet Indonesia social profiles
Digital presencePT. Finnet Indonesia compliance and trust
Trust signalCompliance4 records
PT. Finnet Indonesia financial estimates
Financial estimateRevenue estimate
Valuation estimate
PT. Finnet Indonesia leadership team
Management profileNumber of profiles
PT. Finnet Indonesia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PT. Finnet Indonesia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PT. Finnet Indonesia
What does PT. Finnet Indonesia do?
PT. Finnet Indonesia, operating as Finpay, provides a complete digital payment infrastructure for Indonesian businesses. Its core offering is a payment gateway that connects merchants to multiple payment methods including virtual accounts, QRIS, credit/debit cards, e-wallets, instant payments, and paylater options, supported by disbursement, remittance, e-wallet, and billing management modules.
Is PT. Finnet Indonesia a public or private company?
PT. Finnet Indonesia is a private company. It is classified as corporate owned and is currently operating.
When was PT. Finnet Indonesia founded?
PT. Finnet Indonesia was founded in -1. It employs 101 to 250 people.
Where is PT. Finnet Indonesia based?
PT. Finnet Indonesia is headquartered in Jakarta Selatan, Indonesia, in the Asia region.
How does PT. Finnet Indonesia make money?
Six revenue lines are on record. Transaction Fees - Virtual Account Bank is the primary driver. The others are transaction Fees - Instant Payment, transaction Fees - Credit/Debit Card, transaction Fees - E-Money/E-Wallet, transaction Fees - QRIS and transaction Fees - Paylater & Installments.
Who are PT. Finnet Indonesia's main competitors?
Direct peers on record are Doku, Xendit, Midtrans (GoTo) and iPay88 (NTT Data). Broad incumbents are LinkAja, OVO, ShopeePay (Sea Group), GoPay and DANA. Flip (PT Fliptech) is listed as an emerging player.
Does PT. Finnet Indonesia have an API?
Yes. Finpay offers API integration capabilities enabling merchants to integrate payment gateway functionality into their systems. Supports both UI-based integration (Hosted Payment) and direct API integration (Core API x Source Of Fund) for automating billing notification systems and payment processes. Includes a sandbox/demo environment for testing. Developer documentation is at docs.finpay.id.
What industry is PT. Finnet Indonesia in?
PT. Finnet Indonesia's product category is Payment Gateway Services. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of FSAGABAB, Payment Gateways & API Connectivity. Its NAICS code is 52232 and its SIC code is 6199.