2023 Southeast Asia Top Local Payment Methods by User Count
Based on public data and industry estimates, this article ranks the top five local payment methods in Southeast Asia by user count in 2023, with GoPay leading at approximately 80 million users.
Overview
With the rapid growth of the digital economy in Southeast Asia, local payment methods have become the mainstream for online transactions. This article focuses on the top five local payment platforms in Southeast Asia in 2023, estimating their active user bases to provide reference for enterprises going global.
Ranking Details
- GoPay (Indonesia): Approximately 80 million users. Leveraging the Gojek ecosystem, it dominates the Indonesian market.
- ShopeePay (Multiple Countries): Approximately 60 million users. Powered by the Shopee e-commerce platform, covering Indonesia, Malaysia, Philippines, etc.
- GrabPay (Singapore/Malaysia/Indonesia): Approximately 45 million users. The core payment service of the Grab super app.
- TrueMoney (Thailand): Approximately 30 million users. Provides financial services in Thailand and neighboring countries.
- Maya (Philippines): Approximately 25 million users. The leading digital wallet in the Philippines, formerly PayMaya.
Data Notes
User numbers are estimated active users as of end-2023, based on financial reports, third-party reports, and industry analysis. Actual figures may vary and are for reference only.
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