Southeast Asian payments infrastructure company Xendit processed more than 424 million transactions through its Indonesian operations during 2025, a 21 per cent increase compared with the prior year, the company disclosed in its year-end summary. Total Payment Volume in Indonesia reached $37.8 billion — equivalent to IDR 616.7 trillion — representing a 26 per cent year-on-year rise, reflecting robust underlying growth in digital commerce across the archipelago and the continued expansion of Xendit's merchant network into new business segments.
The figures underline Xendit's expanding footprint in one of the world's largest developing economies, where digital payment adoption has accelerated sharply as smartphone penetration deepens and e-commerce transaction volumes climb. Indonesia's population of more than 270 million people, combined with a large segment of the population transitioning from cash-based transactions to digital financial services, makes it a strategically critical market for payments infrastructure providers operating across the region.
MERCHANT BASE NEARLY DOUBLES IN A SINGLE YEAR
Xendit reported 11,400 active merchants in Indonesia by the end of 2025, a growth rate exceeding 90 per cent year-on-year. The near-doubling of the active merchant base in twelve months points to broadening adoption of Xendit's payment acceptance infrastructure beyond the large enterprise clients the company initially targeted, with smaller and mid-sized businesses increasingly integrating its tools into their operations. Growing the merchant base at this pace requires both a scalable onboarding process and a product suite capable of meeting the diverse needs of merchants at different stages of digital maturity.
A growing merchant base of this scale typically produces compounding volume effects, as each new merchant brings its own customer base onto the payment network. The 26 per cent rise in total payment volume, which outpaced the 21 per cent growth in transaction count, suggests that average transaction values also trended higher over the course of the year, indicating that higher-value commerce categories — such as business-to-business payments and premium consumer goods — are being processed in growing volumes through the platform.
PAYMENT INFRASTRUCTURE GROWTH IN SOUTHEAST ASIA
Xendit operates across multiple Southeast Asian markets, but Indonesia remains the centrepiece of its business given the country's scale and the pace at which its digital economy is expanding. The company's infrastructure underpins payment flows for a wide range of merchants, from consumer marketplaces and subscription services to logistics operators and financial services businesses that require reliable disbursement and collection capabilities at scale. Its position as a payments rails provider, rather than a consumer-facing brand, means that its growth is largely a function of the aggregate health of the digital commerce ecosystem it serves.
The 2025 results position Xendit as one of the region's more significant payments processors by volume, at a time when competition among fintech infrastructure providers in Southeast Asia is intensifying. Investors and industry observers will be watching whether the company can sustain comparable growth rates as its merchant base matures and the structural tailwinds that have driven rapid expansion begin, in some segments, to moderate. The question of profitability at the required scale of operations will also remain central to assessments of Xendit's long-term commercial model.