Is there a cheaper alternative to OVO?

Cost depends on FX markup, card fees and plan tier. Compare DANA, GoPay and PhonePe against OVO on the FX-markup and cashback rows in each side-by-side comparison to find the cheapest for how you actually spend.

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OVO profile

OVO alternatives

8 comparable traditional neobanks · from the open dataset of 381 · no affiliate links

short answerRanked by how closely they match OVO on structure — custody, license type, card and overlapping markets — the nearest alternatives in the dataset are DANA, GoPay and PhonePe, which share the same traditional model, custodial custody and the same license type (E-money institution); all three are available in Asia. This is a similarity ranking from verified fields, not a popularity list or an editorial pick — all 8 peers are compared field by field below. No affiliate links.

The 8 closest alternatives

neobank	type	hq	reported users	compare
DANA	traditional	Jakarta, ID	—	directory →
GoPay	traditional	Jakarta, ID	—	directory →
PhonePe	traditional	Bengaluru, IN	200M MAU (2025)	directory →
GrabPay	traditional	Singapore, SG	—	directory →
NayaPay	traditional	Karachi, PK	—	directory →
SadaPay	traditional	Karachi, PK	—	directory →
Touch 'n Go eWallet	traditional	Kuala Lumpur, MY	—	directory →
WeBank	traditional	Shenzhen, CN	400M customers (2024)	directory →

go deeperBack to the OVO profile, ask who owns OVO?, or filter your own shortlist in the directory.

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.