What Is DANA ewallet
DANA is a popular Indonesian digital wallet that facilitates cashless and cardless transactions through a mobile app. Launched in 2018 by a startup backed by Emtek Group and Ant Financial, DANA allows users to store funds, make payments, transfer money, pay bills, shop online, and use QR codes at merchants. It is registered with Bank Indonesia and holds multiple licenses for electronic money, digital wallet, money transfer and digital financial services. As of April 2023, DANA claims to be serving 135 million users and processing an average of 10 million transactions per day.
How Does DANA ewallet Work?
DANA ewallet serves as a comprehensive platform for Indonesians and a gateway to financial inclusion for its users by providing easy access to digital payments. DANA facilitates fast and secure financial transactions using the Indonesian Rupiah (IDR) and supports a range of services from online shopping to utility payments.
It’s designed to be as tangible as a physical wallet but with the added benefits of speed and security. DANA ewallet allows users to securely store IDR and manage it via a user-friendly app. The wallet supports direct bank transfers, bill payments, and mobile top-ups, amongst other functionalities.
DANA Features
DANA ewallet offers several key features that make it a convenient digital payment solution in Indonesia:
- Bank Card Integration: Users can add their bank cards to facilitate easier payments.
- Pay Bills and Top-Up Services: Pay bills like electricity, water, internet, TV subscriptions, and top-up services like mobile prepaid, game vouchers, etc.|
- Free Transfers and Wallet Top-up: DANA allows users to transfer money to other DANA users for free with no transaction fees. Users can top up their DANA wallet balance for free from various sources like bank accounts, debit cards, and other ewallets.
- QR Code Payments: make QR code-based payments at over 200,000 merchant outlets across Indonesia that accept DANA. Users can request money using QR codes or links, simplifying bill sharing and repayments.
- Secure Transactions: DANA emphasizes security with features like secure verification, PCI DSS & ISO 27001 certifications, advanced encryption, 24/7 customer support, and a money-back guarantee. It is also supervised by Bank Indonesia.
- Premium Verification: Users can upgrade to a premium DANA account by verifying their identity, which unlocks higher transaction limits and additional features.
DANA provides a seamless digital payment experience with its free money transfers, bill payments, QR code transactions, online shopping capabilities, and robust security features backed by regulatory oversight.
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