PT MidazPay Digital Indonesia Analysis
What is PT MidazPay Digital Indonesia?
Whiz is a financial management platform providing digital payment services and high-interest savings accounts, tailored for families and younger users in Indonesia.
Founded
2022
Company Stage
Pre-Seed
Investors
- Ondine Capital
- Goodwater Capital
YC Batch
W22
Product Features & Capabilities
- Smart Saver (high-interest savings account), Day-to-Day Saver (daily interest savings), QRIS payments (quick payments), Split Bill feature (easy bill splitting), no administrative fees, LPS insurance coverage, flexible withdrawals.
Pricing
- No monthly fees for using the Whiz application.
- Free transfers for users who invite parents.
- Wallet balance increase limit: up to Rp20 million.
- Balance protection against fraud for verified users (KYC).
- No admin fees for topping up balance.
- Top-up fee: up to Rp1,000 per transaction.
- Wi
Business Model
Revenue from transaction fees, subscription services, and partnerships in financial management.
Market Focus
PT MidazPay Digital Indonesia primarily focuses on the financial technology industry, offering services such as high-interest savings accounts and digital payment solutions.
Competitors Overview
The main competitors of PT MidazPay Digital Indonesia (Whiz) in the digital payment and financial management market include:
- GoPay: Originally part of the Gojek app, GoPay has become a standalone digital wallet. It offers a wide range of services, including payments for transportation, food
Company Pricing
- No monthly fees for using the Whiz application.
- Free transfers for users who invite parents.
- Wallet balance increase limit: up to Rp20 million.
- Balance protection against fraud for verified users (KYC).
- No admin fees for topping up balance.
- Top-up fee: up to Rp1,000 per transaction.
- Wi
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