Resumen
Bayarind is a payment gateway with a wallet function, operating in Indonesia. Businesses use it to accept online payments, and shoppers can pay from their wallet balance.
Gateway and wallet
- the gateway takes payment details, routes them for processing and the merchant then receives settlement;
- the wallet holds the user's funds and lets them pay without entering card details.
Combining both functions is useful in a market where a large share of shoppers use e-wallets rather than only bank cards.
Who it suits
- online stores and marketplaces selling in Indonesia;
- services that take recurring payments from local customers;
- foreign companies entering the Indonesian market and looking for a local partner.
Legal entity
The operator is PT Bayarind Artha Internusa, an Indonesian company. PT is the standard local form for limited liability companies.
Terms
Supported methods, fees, settlement timing and merchant requirements are not listed on the card. Bayarind sets them during application review, so a quote requires a description of the business and expected volume.
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