OVO
Grab-backed Indonesian e-wallet with investing + lending layers.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — Bank Indonesia e-money license (PT Visionet Internasional, 2017); QRIS + funds-transfer licenses.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from OVO’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Jakarta, ID |
| Founded | 2017 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | Bank Indonesia e-money license (PT Visionet Internasional, 2017); QRIS + funds-transfer licenses |
| Card | No card |
| Cashback | OVO Points |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
Verified links: official site ↗
Common questions about OVO
What is OVO?
OVO is a fiat neobank, headquartered in Jakarta, ID and founded in 2017. Your money is held custodially, so OVO or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (Bank Indonesia e-money license (PT Visionet Internasional, 2017); QRIS + funds-transfer licenses).
Does OVO have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does OVO require KYC?
Yes. OVO requires identity verification (KYC) to open an account, as a e-money institution.
What does OVO cost?
From the verified fields: cashback OVO Points. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with OVO before relying on them.
Early investors
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
OVO appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Asia (132) · Neobanks with no card of their own (67) · Neobanks in Indonesia (9)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.