Jakarta Post: Youtap Indonesia users increase 5x

Youtap Indonesia reported that it had seen a five-times increase in users and a 4.5-times increase in transactions from June to September.

“The rise in users and transactions is due to the change in the behaviour of consumers, who prefer deliveries and cashless payment during the pandemic,”

Herman Suharto, CEO - Youtap Indonesia

The company’s data showed that 57 percent of cashless payments came from street stalls, restaurants and other culinary business followed by warung (small kiosks) at 20 percent, traditional markets at 8 percent and other services such as laundry with 7 percent.

Our Youtap Indonesia CEO's comments were captured as part of a feature by the Jakarta Post on how payment platforms like Youtap are assisting MSMEs and SMEs to embrace their digital future and grow their businesses.

Check out the full article published in thejakartapost.com: "Payment platforms should help SMEs go digital: McKinsey - Business - The Jakarta Post".

Click to here to read.

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