Pulished Date October, 2018
ID: 6706
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Indonesia Cards And Payments Market - By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques And Payment Cards) - Transaction Value, Volumes, Historical Trends, Analysis And Forecasts (2018-2022)

Pulished: October, 2018
ID: 6706
Pages: 85

Report Summary:

Market Data Forecast’s "Indonesia Cards And Payments Market" report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payments options in online trade and significant government frameworks impacting the overall payment cards market of Indonesia.

Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Indonesia.

Key Statistics:

  • Existing and future values of debit cards, charge and credit cards, and others in every market of the payment cards industry of Indonesia.
  • Information on the alternative payment options of the country, including the highlights of existing instruments like credit transfers, cheques, direct debit and cash payments.
  • Future prospects of online sales market in the country, along with focus on different growth drivers and government regulations in the cards and payment industry of the country.
  • Various marketing strategies of banking and financial institutions for promoting their payment cards.

Indonesia Cards and Payments Market – Recent Developments:

In December 2017, the central bank of India launched the National Payment Gateway (NPG) to promote the cashless payments among its population. This new gateway supports the change of domestic payments by providing a conjunction, creating an integrated payment system. It also supports payment cards on the other bank devices and improves safety by keeping the transaction data of users secured. This initiative helped in declining the payment cards discount rate from 2-3% to 1%. Additionally, debit cards with a national logo have also been launched by the government for any local payments.

Supporting its e-money regulation, Bank Indonesia has approved 20/6/PBI/2018 regulation on May 7, 2018, which mandated the receipt of a license from the central bank to perform any activities related to e-money. However, the closed-loop e-money providers with rotating funds of less than IDR 1 billion, does not fit into this licensing regulation. Related to deposits, unregistered users are having a limit up to IDR 2 million, where the registered have IDR 10 million. The maximum value for e-money transactions was restricted to IDR 20 million. IDR 3 billion was set as the minimum capital needed for e-money users that can be increased to IDR 10 billion, based on the issuer maintained floating funds.

The electronic payments in Indonesia are expected to witness rapid growth with the advent of mobile-only banks. Digibank, a mobile-only bank introduced by DBS bank of Singapore in August 2017, allows customers to open bank accounts by giving their biometric scans. This service enables the customer to monitor their transactions, transfer money and withdraw cash without any administration fees. Similarly, United Overseas Bank (UOB) confirmed its plans to introduce its own digital bank in the country on August 2018. The bank plans to offer two different services, where one will be the digital bank app for Gen Z and millennials, while the other included upgraded services to baby boomers

Indonesia Cards and Payments Market – Key Highlights:

The migration of payment cards to secure EMV chip cards and the use of six-digit PIns in the place of the four-digit PIN for debit cards and credit cards as the government mandate to increase the security of using payment cards under the supervision of Bank Indonesia.

Contactless payments are slowly gaining prominence in the market with the introduction of Visa PayWave allowing customers to make transactions up to IDR 1 million ($74) without the PIN. Other banks like Bank CIMB Niaga, Bank Tabungan Pensiunan Negara, UOB Indonesia, and Bank Mandiri also adopted this technology.

Mobile payments are rising in the country, and several domestic banks are launching their own mobile applications. For instance, Sakuku mobile wallet by Bank Central Asia, Straight2Bank wallet by Standard Chartered and Rekening Ponselc mobile wallet by CIMB Niaga Bank.

List of Companies mentioned in this report are:

  • Bank BRI
  • BNI
  • BCA
  • Bank Mandiri
  • CIMB Niaga
  • Bank Mega

Key Questions Answered by the report

  • What is the market size of the Indonesia Cards and Payments Market?
  • What are the major operators and issuers in Indonesia?
  • What is the current state of emerging payment technologies?

Reasons to Purchase this report

  • Track key industry trends, opportunities and threats related to the Indonesia cards and payments industry and each market within it.
  • Gain insights into the competitive landscape of card issuers for both, debit cards and pay later cards.
  • Gain insights into marketing strategies used by market players for various card types in Indonesia.
  • Gain insights into key regulations governing the Indonesia cards and payments market
  1. Definitions
  2. Research Methodology
    1. Research Process
      1. Market Sizing
      2. Competitor Analysis
      3. Market Forecasting
      4. Quality Control Process
  3. Executive Summary
  4. Industry Benchmarking
  5. Market Attractiveness
  6. Industry Enablers
    1. Emerging Payment Technologies
    2. Growing E-commerce Market
      1. E-commerce Mix by Payment Method
    3. EMV Migration
    4. Contactless Cards
  7. Regulatory Framework
  8. Key Industry Events
  9. Merchant Acquiring Business Overview
    1. Business Overview & Key Operators
    2. Regulatory Framework
    3. Technological Changes
  10. Market Segmentation
    1. Cards for Students
    2. Cards for Travelers
    3. Cards for High-income Customers
    4. Cards for Frequent Shoppers
  11. Market Sizing
    1. Debit Cards Market Overview
      1. Scheme Providers
      2. Key Issuers
    2. Pay Later Cards Market Overview
      1. Scheme Providers
      2. Key Issuers
    3. Payment Terminals Market
    4. Payment Instruments Market
  12. Key Operators in the Market
    1. Bank BRI
      1.  Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
    2. BNI
      1.  Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
    3. BCA
      1. Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
    4. Bank Mandiri
      1. Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
    5. CIMB Niaga
      1.  Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
    6. Bank Mega
    7. Visa
    8. MasterCard
    9. American Express
    10. JCB
  13. Appendix
    1. Total Cards Market Stats
    2. Debit Cards Market Stats
      1. Debit Cards Use at Payment Terminals
      2. Debit Cards Market – Scheme Providers Data
    3. Pay Later Cards Market Stats
      1. Pay Later Cards Use at Payment Terminals
      2. Pay Later Cards Market – Scheme Providers Data
    4. Payment Terminals Data
    5. Payment Instruments Data
  • This report provides an inclusive analysis of the Indonesia cards and payments market.
  • It provides current values for the Indonesia cards and payments market for 2018 and forecast figures for 2022.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Indonesia cards and payments market

Indonesia Cards and Payments Market

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