# GoPay

> Source: https://docs.barcoder.ai/docs/wallets/gopay
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [GoPay — official](https://gopay.co.id/)
- [GoTo Financial — official](https://www.gotocompany.com/en/products/goto-financial)

## Overview

**GoPay** is **Indonesia's GoTo-ecosystem-embedded super-app wallet**, operated by **GoTo Financial** — the fintech arm of **GoTo Group** (PT Goto Gojek Tokopedia Tbk; merger of GoJek + Tokopedia 2021) <sup>[1][1], [2][2], [Indonesia report](https://docs.barcoder.ai/docs/payments/ID)</sup>. As of **September 2025**, GoPay processed **500+ million transactions per month (+54% YoY)** with **24 million monthly transacting users (+29% YoY)**. **58% of Indonesian consumers use GoPay regularly**. GoPay is accepted at **900,000+ Indonesian merchants** online + offline.

**Major Q3 2025 milestone**: **GoTo Financial swung to profitability** — adjusted EBITDA positive **Rp 136 billion (~$8.24M)** from prior-year-period Rp 65B loss. **Net revenue Rp 1.54 trillion ($93.3M, +55% YoY)**. **Core GTV Rp 95.3 trillion ($5.78B, +48% YoY)**. **GoPay Pinjam + GoPay Later lending: Rp 7.6 trillion disbursed (+76% YoY)** — substantial lending growth.

## History

**April 2016 — GoPay launches within GoJek** <sup>[2][2]</sup>: Originally embedded payment for GoJek ride-hailing.

**2018-2020 — Multi-merchant expansion + Indonesian e-wallet leadership** <sup>[2][2]</sup>: Competed with OVO + DANA + LinkAja for Indonesian wallet dominance.

**May 2021 — GoTo Group formed via GoJek + Tokopedia merger** <sup>[2][2]</sup>: Indonesia's largest tech company; GoPay becomes GoTo Financial property.

**April 2022 — GoTo IPO on Indonesia Stock Exchange (IDX: GOTO)** <sup>[2][2]</sup>.

**Late 2024 — Standalone GoPay app launched** <sup>[3][3]</sup>: Separate app strategy beyond GoJek-embedded.

**Q3 2025 — GoPay 500M+ monthly transactions (+54% YoY) + 24M MTU (+29% YoY); GoTo Financial swung to profitability** <sup>[1][1]</sup>.

## Ownership & operator

**Operating entity**: **GoTo Financial** — subsidiary of **PT Goto Gojek Tokopedia Tbk (IDX: GOTO)**.

**Parent**: **GoTo Group** — Indonesia's largest tech company; merger of **GoJek** (ride-hailing + super-app) + **Tokopedia** (e-commerce).

**Major shareholders**: **SoftBank Vision Fund + Tencent + Alibaba + Google + KKR + Temasek + Sequoia** + public float.

**Regulator**: **Bank Indonesia (BI)** — Electronic Money Issuer (EMI) license; **Otoritas Jasa Keuangan (OJK)** for financial-services + lending.

## Technical integration

GoPay is **GoTo-ecosystem-embedded Indonesian super-app wallet** <sup>[1][1], [2][2]</sup>:

| Layer | Description |
|---|---|
| **Channels** | **Standalone GoPay app** (since late 2024) + **embedded within GoJek + Tokopedia apps** |
| **Identifiers** | Phone number + QR code |
| **National QR** | **[QRIS](https://docs.barcoder.ai/docs/standards/qris)** universal Indonesian merchant acceptance |
| **Settlement** | Indonesian interbank rails + Bank Jago partnership |
| **Sub-products** | **GoPay Pinjam** (lending) + **GoPay Later** (BNPL) + **Bank Jago partnership** (savings + accounts) |

## Users & growth

**Indonesia (Q3 2025)** <sup>[1][1]</sup>:
- **Monthly transactions**: 500+ million (+54% YoY)
- **Monthly transacting users (MTU)**: 24 million (+29% YoY)
- **Indonesian consumer usage**: 58% use GoPay regularly
- **Merchants**: 900,000+ accept GoPay

**GoTo Financial Q3 2025 financial** <sup>[1][1]</sup>:
- **Net revenue**: Rp 1.54 trillion ($93.3M, +55% YoY)
- **Core GTV**: Rp 95.3 trillion ($5.78B, +48% YoY)
- **Adjusted EBITDA**: +Rp 136 billion ($8.24M) — swung to profitability from Rp 65B loss prior period
- **Lending disbursements (GoPay Pinjam + GoPay Later)**: Rp 7.6 trillion (+76% YoY)

## Use cases

**GoJek ecosystem payments (GoRide, GoFood, GoMart, GoSend)** <sup>[2][2]</sup>: Cardinal use — native GoJek payment.

**Tokopedia e-commerce checkout** <sup>[2][2]</sup>: Native Tokopedia payment.

**P2P transfers** <sup>[2][2]</sup>: Phone-number-addressed.

**Merchant QR payments via QRIS** [[qris-cro]]: 900,000+ Indonesian merchants.

**Bill payments + utilities** <sup>[2][2]</sup>: Indonesian services.

**Mobile credit + data top-ups** <sup>[2][2]</sup>: Multi-MNO.

**GoPay Pinjam + GoPay Later (lending + BNPL)** <sup>[1][1]</sup>: Substantial 2025 growth (+76% YoY disbursements).

**Bank Jago partnership (savings + accounts)** [[partner]]: Banking-app integration.

## Implementations & partners

**Operator**: **GoTo Financial** — GoTo Group subsidiary.

**Parent**: **PT Goto Gojek Tokopedia Tbk (IDX: GOTO)**.

**Banking partner**: **Bank Jago** (Indonesian internet-only digital bank; deep GoTo Financial partnership).

**National QR**: **[QRIS](https://docs.barcoder.ai/docs/standards/qris)** (BI + ASPI).

**Major Indonesian competitors**: **[OVO](https://docs.barcoder.ai/docs/wallets/ovo)** (Grab-majority), **[DANA](https://docs.barcoder.ai/docs/wallets/dana)** (EMTEK + Ant), **[ShopeePay](https://docs.barcoder.ai/docs/wallets/shopeepay)** (Sea Group / Monee), **LinkAja** (state-owned).

**Regulator**: **BI + OJK**.

## Fun facts

- **Launched April 2016 within GoJek** as ride-hailing embedded payment.
- **GoJek + Tokopedia merger May 2021** formed GoTo Group — Indonesia's largest tech company.
- **April 2022 GoTo IPO (IDX: GOTO)**.
- **500M+ monthly transactions (+54% YoY) + 24M MTU (+29% YoY) (Q3 2025)** — substantial scale + growth.
- **58% of Indonesian consumers use GoPay regularly** — substantial population reach.
- **Q3 2025 GoTo Financial swung to profitability** (+Rp 136B EBITDA from Rp 65B loss) — major milestone.
- **GoPay lending +76% YoY** — substantial lending growth.
- **Standalone GoPay app launched late 2024** — strategic move beyond GoJek-embedded.
- **Bank Jago partnership** — banking-app integration.

## Comparison

| Feature | GoPay | [OVO](https://docs.barcoder.ai/docs/wallets/ovo) (ID competitor) | [DANA](https://docs.barcoder.ai/docs/wallets/dana) (ID) | [ShopeePay](https://docs.barcoder.ai/docs/wallets/shopeepay) (ID Sea) | [GCash](https://docs.barcoder.ai/docs/wallets/gcash) (PH analogous) |
|---|---|---|---|---|---|
| Operator | **GoTo Financial (GoTo Group)** | PT Visionet Internasional (Grab-majority) | PT Espay Debit Indonesia Koe (EMTEK + Ant) | Monee (Sea Ltd) | G-Xchange (Mynt) |
| Country | Indonesia | Indonesia | Indonesia | Indonesia + 6 SE Asian + TW | Philippines |
| Users / MTU (2025) | **24M MTU (Q3 2025)** | 80M+ | 200M | 50M+ standalone ID | 81M |
| Monthly transactions | **500M+ (Q3 2025)** | n/a | 10M+ daily (Apr 2023 baseline) | n/a | n/a |
| Heritage | **GoJek + Tokopedia (GoTo Group)** | Lippo Group (retail) | EMTEK + Ant Financial JV | Sea Group (Shopee) | Globe Telecom |
| Profitability | **Swung to profit Q3 2025** | n/a | n/a | Monee profitable | Major fintech profitable |
| Public listing | **IDX: GOTO (April 2022)** | n/a | n/a | NYSE: SE (parent Sea) | Planned 2025 IPO |

## Status

**Active, profitable Indonesian super-app wallet** <sup>[1][1], [2][2]</sup>:
- **GoTo Financial** (subsidiary of GoTo Group; IDX: GOTO).
- **Q3 2025: 500M+ monthly transactions (+54% YoY) + 24M MTU (+29% YoY)**.
- **GoTo Financial swung to profitability Q3 2025** (+Rp 136B EBITDA from prior-period Rp 65B loss).
- **58% of Indonesian consumers use GoPay regularly + 900K+ merchants**.
- **GoPay Pinjam + GoPay Later lending +76% YoY disbursements**.

## Sources

[1]: https://indonesiabusinesspost.com/5565/markets-and-finance/goto-s-fintech-arm-swings-to-profit-as-gopay-transactions-surge-54-percent "GoTo fintech swings to profit, GoPay +54% — Indonesia Business Post"
[2]: https://www.gotocompany.com/en/news/press/goto-financial-launches-the-gopay-app-in-indonesia-expanding-its-reach-to-indonesians-from-all-levels-of-society "GoTo Financial launches GoPay app — GoTo"
[3]: https://coinlaw.io/gopay-statistics/ "GoPay Statistics 2026 — CoinLaw"
[4]: https://www.marketing-interactive.com/goto-financial-bank-jago-launches-app-financial-inclusion-indonesia "GoTo Financial + Bank Jago — Marketing Interactive"
[id-cro]: https://docs.barcoder.ai/docs/payments/ID
[qris-cro]: https://docs.barcoder.ai/source/standards/qris
[partner]: https://www.marketing-interactive.com/goto-financial-bank-jago-launches-app-financial-inclusion-indonesia "Bank Jago partnership — Marketing Interactive"

- [1] [GoTo fintech swings to profit — Indonesia Business Post][1]
- [2] [GoTo Financial launches GoPay app — GoTo][2]
- [3] [GoPay Statistics 2026 — CoinLaw][3]
- [4] [GoTo Financial + Bank Jago — Marketing Interactive][4]
- <sup>[Indonesia report](https://docs.barcoder.ai/docs/payments/ID)</sup> In-corpus: `reports/countries/ID-indonesia.md`
- [qris-cro] In-corpus: `reports/standards/qris.md`

## Source

Biography extracted from [gopay.md](https://docs.barcoder.ai/source/wallets/gopay). See `matrix.md` for standards-support matrix if present.