Xendit Keeps Innovating Payment Infrastructure

TEMPO.CO, Jakarta - Xendit, one of the leading payment gateway providers in Indonesia, recently, launched their newest products, Xendit QR Code and Direct Debit. Inline with Bank Indonesia’s initiative to make Indonesia’s digital payment more seamless, starting from April 2020, Xendit have provided QR codes as an additional payment channel to allows clients’ customers to pay seamlessly from top eWallets (OVO, Gopay, DANA, LinkAja, ShopeePay) and top mobile banking applications (BCA, CIMB).

Xendit’s Direct Debit is a payment method where end users can register their debit cards or online bank login with a merchant through Xendit. After a one time authorization, merchants can pull funds directly from an end user’s bank account without OTP.

Not only launching new products, to respond to what businesses need in the era of the Covid-19 pandemic, Xendit also launched a “Business For Good” initiative to support up to 200 SMEs, businesses authorized charities and non-profit organizations during this challenging time in ensuring their business continuity.

There are two types of financial support provided in the Xendit Business For Good program.

The first type is Grants, which help businesses and non-profit organizations to go digital and start accepting payments within a few working days. Xendit will enable various payment methods, and we will waive transaction fees for 1 month.

The second type is financial support, where Xendit provides financial support that can be used to cover operating expenses including payroll needs. We provide financial support at low-interest rates, with fast and flexible financing that businesses can repay as they earn.

Xendit is also extending a Refer a Friend program until 14 August 2020 where existing clients have the opportunity to get rewards when their referred friends’ businesses have also used Xendit’s products.

Xendit has the vision to build a digital payment infrastructure in Indonesia and Southeast Asia. It started by providing a digital payment system that is simple and easy to use, can be integrated quickly with user systems, supported by world-class customer service.

Xendit was first formed by co-founders Moses Lo (CEO), Tessa Wijaya (COO), Bo Chen (CTO) and Juan Gonzalez (CIO) in 2015 and began operating as a payment gateway in 2016 with a mission to make payment systems in Indonesia to be as advanced as other countries in various parts of the world. As the first Indonesian startup to successfully graduate from the prestigious YCombinator incubator in Silicon Valley, Xendit continues to innovate and develop technology to achieve its vision and mission.

"Xendit supports the development of startups and entrepreneurship in Indonesia. We believe that by providing the best digital payment system, we can grow with our clients and open up opportunities to create innovations and boost the digital economy in Indonesia to the next level, "said COO and Xendit co-founder Tessa Wijaya.

Advancing the digital payment system in Indonesia is the mission of Xendit. The initial formation of Xendit was a form of love from the company's co-founders, Moses Lo and Tessa Wijaya towards Indonesia. They have seen the advancement of payment systems, financial technology and digital payment infrastructure in other countries and feel that Indonesia has a lot of potentials to develop these technologies and products.

More than 2000 merchants rely on Xendit to create a seamless payment experience for their end-users and improve their customers’ journeys. With a range of products to accept payments, including virtual account, credit and debit card, retail outlets, eWallets, Xendit keeps improving, innovating and building what the customers’ needs to support their growth.

INFO TEMPO