Payable
Payable, formerly known as wagmi, is a Jakarta-based B2B company specializing in finance and accounting solutions, providing a comprehensive platform for payment processing and business management.
Company History
Payable, formerly known as Wagmi, launched in July 2022. The company is part of the Y Combinator S22 batch and operates primarily within the B2B sector, focusing on Finance and Accounting. Headquartered in Jakarta, Indonesia, Payable serves businesses across Indonesia and Southeast Asia. Despite being in its early stage of development, the company has secured partnerships with licensed payment service providers regulated by Bank Indonesia.
Services
Payable provides a suite of services to facilitate online payments for businesses. Key features include Payment Links, Auto Billing, Self Checkout, Instant Checkout, Installment Payment Methods, and Loyalty & Promotion Management. The platform also offers Post-Sales Support and After-Sales Customer Relations, which enable businesses to manage refunds, cancellations, and product returns efficiently. Payable helps optimize customer loyalty programs and promotional strategies to enhance customer engagement and cost-effective customer acquisition.
Products
Payable's platform supports businesses in accepting payments from 46 currencies and over 180 countries. The integration allows businesses to manage various payment providers easily. Features such as self-checkout and instant checkout streamline the online transaction process, while the installment payment methods provide flexible payment options. Designed for businesses using social media platforms like WhatsApp, Payable enables instant payment receipts without the need for complex coding.
Operating Regions
Payable operates primarily in Indonesia and the broader Southeast Asian market. The company offers both remote and partly remote services, making it accessible to a wide range of businesses. Additionally, their platform supports payment acceptance from various global currencies, enhancing its utility for businesses with international transactions.
Compliance and Security
To ensure compliance and security, Payable is registered with Kominfo. The company partners exclusively with licensed Payment Service Providers by Bank Indonesia. These measures ensure that Payable’s services adhere to regulatory standards and provide secure transaction capabilities for businesses.
