ID · IDR

Indonesia digital banks

Jago, Blu by BCA, SeaBank, and Krom are the digital-bank layer on top of GoPay / OVO / DANA wallets. Super-apps own distribution. OJK digital-bank rules tightened after the first wave. Krom in particular is a name people search and older directories mishandle. We list licence class and whether the product is a bank account or a wallet.

5Live on the desk

Regulator

OJK and Bank Indonesia

Deposit scheme

LPS deposit insurance at participating banks, with LPS-set caps

In this market

Licence still sits on the product

Product	Score	HQ	Monthly	FX	Users	Licence
Wise	8.6	London, United Kingdom	Free personal	Mid-market plus a transparent conversion fee — the category benchmark	16M+	EMI (personal)
Aspire	7.7	Singapore, Singapore	Free starter	Competitive on SEA corridors	25k businesses	Payments with partner banks
Trust Wallet	7.6	Global, United States	Free	Swap aggregator	200M+	See review
Binance	7.6	Global / remote, United Arab Emirates	VIP fee tiers	Spot/futures fees; tight on liquid pairs	200M+	VASP / exchange licences by country
RedotPay	7.5	Hong Kong, Hong Kong	Free virtual	Stablecoin to fiat conversion + scheme FX	2M+	Card programme + VASP stack

Questions

Wallet or bank in Indonesia?+

If it has an LPS-insured rupiah account at a licensed bank, it is a bank product. GoPay-class balances are e-money. Do not mix them in a comparison table without a licence column.

Other desks

Cross-check the scoring weights and the graveyard before you treat a leftover landing page as live.