PT Abadi Singapay Indonesia provides the SingaPay mobile application, a digital financial service for users to perform various financial transactions quickly and securely, including purchasing digital products (airtime, data, electricity tokens), paying bills, topping up e-money and digital wallets, and transferring funds. The company offers innovative payment solutions to support Indonesia's digital economy and financial inclusion.
Startup Description
PT Abadi Singapay Indonesia is the parent company of SingaPay, a company focused on providing innovative payment solutions and digital transformation in Indonesia's growing digital economy. As the President Director, Yasser Arafat Akhmad leads SingaPay's strategic direction to offer services like fund management and server-based e-money, with a particular focus on empowering Small and Medium Enterprises (SMEs). The company is also involved in areas like data, integrity, and leadership to build smart and trusted systems across Southeast Asia.
Product Screenshots
Business Model
SingaPay operates a transaction-based and SaaS-driven revenue model designed to
scale sustainably across B2B and B2C segments. MDR varies by merchant type.
Our core revenue streams include:
1. Merchant Discount Rate (MDR) fees ranging from 0.3% to 1.5% for transactions via QRIS and payment gateway (in accordance with regulatory provisions)
2. Top-up fees (flat IDR 500–1,000 per transaction)
3. Monthly API integration fees for enterprise partners
4. Interest from float balances and settlement service fees
5. White-label solutions (SaaS) for businesses looking to embed payment capabilities
under their brand.
This hybrid monetization model allows SingaPay to tap into recurring revenue,
transactional growth, and infrastructure licensing, while remaining compliant with
local regulatory frameworks.
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2C, B2B
Competitors
Xendit, DOKU, OY!
Are all the founders full-time on this
project?
Yes
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