🇮🇩 Pay Suppliers in Indonesia
Pay Indonesian suppliers for palm oil, textiles, coal, coffee, rubber
T+0 (2.3s avg within Unicorn network). Save 82% vs traditional banks.
What you need to send money to Indonesia
What details do I need to pay suppliers in Indonesia?
To pay suppliers in Indonesia you need the recipient's SWIFT + Account (SWIFT/BIC or local bank code and account number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Indonesia?
Payments to Indonesia settle in an average of 2.3 seconds when using local rails such as BI-FAST, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Indonesia?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 82% versus banks (e.g. £505 vs £2825 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Indonesia
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.8% | 0.5% |
| Payment Fee | £25 | £5 |
| Total Cost (£100,000) | £2,825 | £505 |
| YOUR SAVINGS | N/A | £2,320 (82%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Indonesia
Avoid expensive SWIFT fees. We use local payment systems in Indonesia for faster, cheaper settlement.
BI-FAST
Bank Indonesia instant payment system, 24/7
BI-RTGS
Bank Indonesia RTGS for large corporate payments
QRIS
Indonesia QR code payment standard
Who Uses This Payment Corridor
Key Industries in Indonesia
- Palm Oil
- Textiles
- Coal
- Coffee
- Natural Resources
Average Transaction: £30k-£150k
Typical Monthly Volume: £200k-£2M
Popular Supplier Types
- Palm oil plantations (Sumatra, Kalimantan)
- Textile factories (Java, Bali)
- Coal mines (Kalimantan)
- Coffee exporters (Sumatra, Java)
What You Need to Know: Indonesia Payments
Regulatory Considerations
- Bank Indonesia FX regulations
- Indonesian Customs documentation
- VAT (11%) on imports
- OJK (Financial Services Authority) oversight
Payment Tips for Indonesia
- Indonesia = Largest palm oil producer, textile exporter
- BI-FAST enables instant IDR settlement
- Jakarta + Surabaya = Main business hubs
- Island logistics - consider shipping times
Why Choose Unicorn for Indonesia Payments
Local Rails, Not SWIFT
We use BI-FAST and other local systems in Indonesia. Avoid 3-4% SWIFT fees and 2-3 day delays.
82% Lower Costs
Save £2,320 on every £100,000 payment. On £200k-£2M monthly volume, save up to £69,600 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Indonesia payments.
Real-Time FX Tracking
Upload supplier invoices in IDR. See live P/L as GBP/IDR rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Indonesia? Save 82%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Indonesia
For businesses with high annual FX volume. Not consumer transfers.