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Fintech

Indosat and Indepay Launch PaybyBank for Faster Transactions

05 Mar, 2025
Indosat and Indepay Launch PaybyBank for Faster Transactions

Indosat Ooredoo Hutchison (IOH) has partnered with Indepay to introduce PaybyBank, a new digital payment solution available on the myIM3 and bima+ apps. This collaboration aims to offer Indosat’s IM3 and Tri customers a seamless, fast, and secure transaction experience while contributing to the growth of Indonesia's digital economy.

According to Ritesh Kumar Singh, Chief Commercial Officer & Director of Indosat Ooredoo Hutchison, this partnership provides Indosat customers with a world-class digital experience. He emphasized that the zero-fee transactions will open new opportunities for the public to engage more inclusively in the digital economy.

The PaybyBank feature allows users to link their mobile numbers directly to their bank accounts, enabling instant payments. It also uses advanced encryption technology to protect user data. Customers can make transactions using debit and credit cards and track their payment history in real-time through the app's reporting feature.

To use PaybyBank, customers can follow these steps:

  1. Open the myIM3 or bima+ app and log in.
  2. Select the Payment menu for bill payments, top-ups, or data package purchases.
  3. Activate PaybyBank to link your mobile number to your bank account.
  4. Choose a funding source, such as a debit or credit card registered with Indepay.
  5. Select your bank and enter the card details.
  6. Complete the security verification, like entering a PIN or OTP.
  7. Confirm the payment — with no extra fees.
  8. View transaction history instantly through the app.

To celebrate Ramadan, Indosat and Indepay are offering a free 1-month Viu subscription for users who make transactions using PaybyBank through the myIM3 or bima+ apps. Customers also have the chance to receive a Rp50,000 voucher as a token of appreciation for their loyalty. These vouchers can be accessed through the Rewards page in the apps, with a simple process to redeem them directly on Viu’s platform. This promotion is valid for 30 days after redemption.

Indonesia holds strong potential for expanding financial inclusion, especially with the growing number of smartphone users who are not yet fully connected to banking services. Through this collaboration, Indosat and Indepay aim to capture this opportunity by offering an easy, secure, and modern payment solution, empowering Indonesians to embrace digital transactions in a connected, borderless ecosystem.

With this innovation, Indosat and Indepay remain committed to delivering a world-class digital experience for Indonesians while supporting the nation’s digital economic growth.



PHOTO: IOH.CO.ID

This article was created with AI assistance.

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