Jakarta, INTI – Paper.id, a B2B invoicing and payment solutions platform, has officially launched PaperXB—the first innovative solution in Indonesia that enables businesses to make cross-border payments using credit cards. With PaperXB, entrepreneurs can now penetrate the global market more easily without complex transactions and high costs.
Expanding Access to 200 Countries
PaperXB facilitates business transactions in over 200 countries, providing local businesses with opportunities to connect with international markets without payment barriers. Initially, the service will prioritize transactions to five key countries: Malaysia, Thailand, Singapore, the United States, and China. These countries were chosen due to their strong trade relations with Indonesia, making them strategic markets for local business expansion.
Efficiency in Cross-Border Payments
Cross-border payments have traditionally faced challenges such as high remittance fees, transaction delays, and limited payment methods. PaperXB addresses these issues by offering credit card-based payments that are faster, more cost-effective, and highly flexible for business owners.
According to data from Bank Indonesia, cross-border transactions in Indonesia have grown by over 30% in the past five years, driven by the expansion of digital businesses and global trade. However, many small and medium enterprises (SMEs) still struggle to access global financial services due to limited payment methods and uncompetitive costs.
Ramadan Momentum and Cash Flow Convenience
The launch of PaperXB coincides with the Ramadan season, a period when businesses experience a surge in demand. This service allows entrepreneurs to pay global suppliers without disrupting their cash flow, ensuring sufficient stock availability for the Eid celebrations.
Paper.id CEO Yosia Sugialam emphasized that PaperXB is not just a payment solution but a significant step forward for Indonesian businesses in competing internationally. “With credit card-based cross-border payments, we aim to eliminate financial barriers that have long hindered local business growth,” he stated in an official press release on Friday, March 21, 2025.
Advantages of PaperXB
PaperXB offers several advantages over traditional cross-border payment methods:
- Lower Transaction Costs – Compared to traditional remittance or bank transfers, PaperXB provides more competitive transaction fees.
- Flexible Payment Options – Business owners can leverage credit card payment terms without affecting their cash flow.
- Greater Access to Global Vendors – Businesses can establish partnerships with international suppliers and negotiate better deals.
- Faster and More Secure Transactions – No need to wait several days like with manual bank transfers, as PaperXB collaborates with licensed Payment Service Providers to ensure high security standards.
Boosting Local Business Competitiveness
Through this solution, Paper.id aims to help more Indonesian businesses expand into global markets. Paper.id’s VP of Operations, Kinantia Subiantoro, stated that PaperXB is the answer for businesses looking to expand internationally without complex administrative hurdles. “Indonesian businesses can now compete more effectively in the global market without worrying about payments. We offer a solution that accelerates transactions and optimizes cash flow management,” she concluded.
Conclusion
PaperXB is an innovative step toward providing a more efficient, fast, and flexible cross-border payment solution for Indonesian businesses. With seamless transactions in over 200 countries and advantages in cost efficiency and payment flexibility, PaperXB is expected to help local businesses compete more effectively on the global stage. Through this innovation, Paper.id remains committed to supporting business growth in the digital era by offering modern and secure payment services.
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