Ipay88 Indonesia
iPay88 Indonesia (PT Dinamik Mobile) is a Bank Indonesia-licensed payment gateway serving UMKM and corporate merchants across Indonesia, Malaysia, Thailand, and Singapore. It offers Link Payment, Direct Payment, and POS products via its OPSG v2.1.0 API, supporting 25+ payment methods including cards, virtual accounts, e-wallets, QRIS, OTC, and BNPL.
- Company typePrivate
- Founded2010
- HeadquartersJakarta, Indonesia
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Ipay88 Indonesia does
Ipay88 Indonesia operates as a payment gateway provider serving merchants from micro and small businesses (UMKM) through large corporations across Indonesia. The legal entity, PT Dinamik Mobile, is headquartered at Grand Slipi Tower in West Jakarta, and is part of a regional iPay88 group also present in Malaysia, Thailand, and Singapore since 2010. The company holds an official Bank Indonesia payment gateway license, PCI DSS compliance certification (verified by ControlCase), and is registered as a Visa Service Provider, establishing regulatory standing in Indonesian payment processing.
The platform is built on the Online Payment Switching Gateway (OPSG) v2.1.0, a JSON-based API using SHA256 signature authentication that supports multiple payment methods including credit/debit cards from major Indonesian banks, virtual accounts from 8 banks, online banking (CIMB Clicks, D-Bank Pro, Jenius Pay), e-wallets (OVO, DANA, LinkAja, ShopeePay), QRIS (dynamic and static), over-the-counter payments at Alfamart and Indomaret, and buy-now-pay-later options (Kredivo, Akulaku, Indodana, Atome). The product surface consists of three core offerings: Link Payment (pay-by-link via chat), Direct Payment (e-commerce and marketplace integration), and POS (in-store point-of-sale). The platform ships pre-built plugins for 8 major CMS and e-commerce platforms (WooCommerce, Magento, OpenCart, PrestaShop, VirtueMart, WHMCS, Drupal, WP Charitable) plus a Shopify App Store listing, enabling self-serve onboarding for SMB merchants.
Revenue is generated through transaction-based fees on payment processing plus merchant subscription/access components (merchant code and merchant key provisioning), with quote-based pricing applied to merchants. The company reports 1,000+ merchant partners, 1 million platform users, and 200 billion in monthly transaction value (reported as IDR), and operates with a publicly reported headcount of 6 employees for the Indonesian entity. Go-to-market is API-first and channel-partner driven, combining direct integration, CMS plugin distribution, Shopify App Store presence, and WhatsApp/email sales outreach. A risk and fraud management layer with geo/card-issuer filtering, frequency and amount limits, and a shared blacklist database supports the transaction processing stack.
Ipay88 Indonesia firmographics
Firmographics- Name
- Ipay88 Indonesia
- Legal name
- PT Dinamik Mobile
- Website
- https://ipay88.co.id
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- iPay88 Indonesia (PT Dinamik Mobile) is a Bank Indonesia-licensed payment gateway serving UMKM and corporate merchants across Indonesia, Malaysia, Thailand, and Singapore. It offers Link Payment, Direct Payment, and POS products via its OPSG v2.1.0 API, supporting 25+ payment methods including cards, virtual accounts, e-wallets, QRIS, OTC, and BNPL.
- Ownership category
- akta.pro rank
Ipay88 Indonesia industry classification
Industry- Product category
- Payment Gateway Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Merchant-Integrated BNPL (Checkout POS Financing) (FSAGAIAA)
Keywords
Where Ipay88 Indonesia is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
Ipay88 Indonesia business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Payment Processing Fees: iPay88 charges merchants transaction fees for processing payments through its gateway. Supports multiple payment methods including credit cards, virtual accounts, e-wallets, QRIS, and over-the-counter cash payments.
- Subscription/Service Fees: Merchants require a merchant code and merchant key to access the platform, suggesting a service subscription model for access to payment gateway services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Quote-based pricing for merchants |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Ipay88 Indonesia product offering
Product offeringCore offering
iPay88 Indonesia operates a Bank Indonesia-licensed payment gateway platform that processes online and offline transactions for merchants ranging from UMKM to large corporations. The platform delivers three core products — Link Payment, Direct Payment, and POS — unified through a single dashboard with real-time monitoring. It supports 20+ payment channels including credit/debit cards, virtual accounts, online banking, e-wallets, QRIS, over-the-counter, and buy-now-pay-later, accessible via API and pre-built plugins for major e-commerce platforms.
Product overview
iPay88 Indonesia operates as a payment gateway platform offering three core products: Link Payment, Direct Payment, and POS. The platform provides comprehensive online and offline payment solutions serving businesses from MSMEs to corporations across various industries. Link Payment enables payment links sent via chat, Direct Payment integrates into e-commerce stores and marketplaces, and POS handles in-store transactions. The platform supports diverse payment methods including credit/debit cards, virtual accounts from 8 major Indonesian banks, e-wallets (OVO, DANA, LinkAja, ShopeePay), QRIS, over-the-counter payments (Alfamart, Indomaret), and buy-now-pay-later options (Akulaku, Indodana, Kredivo, Atome). All products are managed through a unified dashboard with real-time transaction monitoring and are supported by extensive API documentation and plugins for major e-commerce platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Link Payment A payment link solution that enables businesses to send payment links directly to customers via chat applications or other media. Customers complete transactions with a single click without visiting a store or website.
- Direct Payment An integrated payment solution that connects directly to online stores and marketplace channels, enabling businesses to increase sales by offering multiple payment methods at checkout.
- POS (Point of Sale) A point-of-sale system for in-store transactions that processes all payments quickly without long cashier queues. All transaction data is recorded and integrated directly into the dashboard for easy management.
- Online Payment Switching Gateway (OPSG) v2.1.0 API A public JSON-based API payment gateway enabling merchants to integrate payment processing into their websites and applications. Supports HTTP POST requests with SHA256 signature encryption, multi-currency transactions (IDR, USD, THB, MYR), and both sandbox and production environments. Used by developers to embed iPay88 payment processing directly into custom platforms.
Quantifiable outcome
- 200 billion transactions processed per month
- +2 more outcomes
Companies that use Ipay88 Indonesia
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Ipay88 Indonesia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration23 records
Feature5 records
Ipay88 Indonesia partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- DrupalcoreiPay88 provides a pre-built plugin (commerce_ipay88) for Drupal 7.x CMS, supporting all payment methods except Kredivo. Merchants can download and install the plugin directly from iPay88 documentation portal.
- MagentocoreiPay88 provides a hosted plugin (ipay88-hosted-magento) for Magento 1.9.x, supporting all payment methods except Kredivo. Direct download available from iPay88 portal.
- OpenCartcoreiPay88 provides multiple plugins for OpenCart versions 1.5, 2.x, and 3.x supporting credit cards, online banking, ATM transfer, e-wallets, and online credit options. Separate downloads for each version and payment method.
- PrestashopcoreiPay88 provides plugins for Prestashop 1.6 and 1.7 supporting all payment methods including credit cards, online banking, ATM transfer, e-wallets, and online credit (Kredivo).
- VirtueMartcoreiPay88 provides a plugin (ipay88-virtuemart v2) for VirtueMart 2.x supporting all payment methods except Kredivo.
- WHMCScoreiPay88 provides plugins for WHMCS versions 5.x, 6.x, 7.x, and 8.x supporting all payment methods including Kredivo. Separate downloads for each version.
- WooCommercecoreiPay88 provides comprehensive plugins for WooCommerce versions 4.x, 5.x, and 9.x supporting credit cards, online credit, ATM transfer, e-wallets, and QR payments. Also supports WooCommerce Bookings.
- WP CharitablecoreiPay88 provides a plugin (ipay88-charitable-v1.0.3) for WP Charitable 1.6.x supporting all payment methods except online credit.
- ShopifycoreiPay88 is available as an app on Shopify App Store (apps.shopify.com/ipay88-indonesia). Shopify merchants can directly install and activate iPay88 payment methods through the Shopify admin dashboard.
- Payment Method Partners (Banks and E-wallets)coreiPay88 integrates with multiple banks for virtual accounts (BCA, BRI, BNI, Mandiri, Maybank, Permata, CIMB, Danamon), credit/debit cards (BCA, BRI, CIMB, Danamon), online banking (CIMB Clicks, D-Bank Pro, Jenius Pay), e-wallets (OVO, DANA, LinkAja, ShopeePay), QRIS, and over-the-counter (Alfamart, Indomaret).
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Ipay88 Indonesia competitors and assessment
Company assessmentDirect peers
- Midtrans: Indonesia-focused payment gateway owned by GoTo Group, supporting cards, bank transfers, e-wallets (GoPay and others), and convenience store payments. Directly competes with iPay88 in the Indonesian online merchant acceptance market.
- DOKU: One of Indonesia's longest-standing payment gateways, offering online payment processing, VA, e-wallet, and QRIS acceptance to merchants across the country. Closely comparable to iPay88 Indonesia on customer segment (UMKM to enterprise) and product breadth.
- Xendit: Indonesia- and SEA-headquartered payment gateway serving SMBs and enterprises across Indonesia, Philippines, Malaysia, and Vietnam. Competes head-to-head with iPay88 on multi-payment-method acceptance and developer-first integration.
- 2C2P: Southeast Asian payment service provider covering Thailand, Singapore, Malaysia, and Indonesia with cards, alternative payments, and payment orchestration. Comparable multi-country Southeast Asia footprint and enterprise-leaning merchant base.
- Razer Merchant Services: SEA payment gateway (formerly MOLPay) serving Malaysia, Indonesia, Thailand, Singapore, and the Philippines with online payment processing for merchants. Direct competitor in cross-border SEA merchant acceptance.
- Ayoconnect: Indonesian open finance and payment gateway platform offering payment acceptance, account verification, and disbursements to merchants and platforms. Overlaps with iPay88 on merchant payment orchestration and API-first delivery.
- Finpay: Indonesia-focused payment gateway providing online payment processing, VA, and e-wallet aggregation for merchants. A closer SMB-side peer to iPay88 given similar customer focus and Indonesian rails coverage.
Emerging players
- Faspay: Indonesia-focused payment gateway serving SMB and enterprise merchants with online payment processing across local methods. Comparable niche focus and product scope to iPay88 in the Indonesian market.
Broad incumbents
- PayPal: Global payment network with cross-border consumer and merchant payment acceptance. Competes with iPay88 for Indonesian merchants needing international card and wallet acceptance as part of a broader commerce platform.
- Stripe: Global online payment processor with growing presence in Southeast Asia. Broader portfolio of products (payments, billing, fraud, issuing) competes with iPay88 for cross-border and enterprise Indonesian merchants seeking global-scale infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ipay88 Indonesia social profiles
Digital presenceIpay88 Indonesia compliance and trust
Trust signalCompliance3 records
Ipay88 Indonesia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ipay88 Indonesia leadership team
Management profileNumber of profiles
Ipay88 Indonesia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ipay88 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 Ipay88 Indonesia
What does Ipay88 Indonesia do?
iPay88 Indonesia operates a Bank Indonesia-licensed payment gateway platform that processes online and offline transactions for merchants ranging from UMKM to large corporations. The platform delivers three core products — Link Payment, Direct Payment, and POS — unified through a single dashboard with real-time monitoring. It supports 20+ payment channels including credit/debit cards, virtual accounts, online banking, e-wallets, QRIS, over-the-counter, and buy-now-pay-later, accessible via API and pre-built plugins for major e-commerce platforms.
Is Ipay88 Indonesia a public or private company?
Ipay88 Indonesia is a private company. It is classified as unknown and is currently operating.
When was Ipay88 Indonesia founded?
Ipay88 Indonesia was founded in 2010. It employs 1 to 10 people.
Where is Ipay88 Indonesia based?
Ipay88 Indonesia is headquartered in Jakarta, Indonesia, in the Asia region.
How does Ipay88 Indonesia make money?
Two revenue lines are on record. Payment Processing Fees are the primary driver. The others are subscription/Service Fees.
Who are Ipay88 Indonesia's main competitors?
Direct peers on record are Midtrans, DOKU, Xendit, 2C2P, Razer Merchant Services, Ayoconnect and Finpay. Faspay is listed as an emerging player. Broad incumbents are PayPal and Stripe.
Does Ipay88 Indonesia have an API?
Yes. iPay88 offers the Online Payment Switching Gateway (OPSG) version 2.1.0, a public API that enables merchants to integrate payment processing into their websites and applications. The API uses HTTP POST requests via JSON format with SHA256 signature encryption for security. Supported currencies include IDR, USD, THB, and MYR. The API supports multiple payment methods including credit/debit cards, virtual accounts, online banking, e-wallets, QRIS, and over-the-counter payments. Two environments are available: Sandbox (https://sandbox.ipay88.co.id) for testing and Production (https://payment.ipay88.co.id) for live transactions. Developer documentation is at ipay88.co.id/docs/core-api.
What industry is Ipay88 Indonesia in?
Ipay88 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 CRAFALAG, Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.). Its NAICS code is 522320.