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Indonesia Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2022 Update

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    Report

  • 60 Pages
  • February 2022
  • Region: Indonesia
  • PayNXT360
  • ID: 5547707
According to the Q4 2021 Embedded Finance Survey, Embedded Finance industry in the country is expected to grow by 44.6% on annual basis to reach US$1,821.1 million in 2022.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 28.8% during 2022-2029. The embedded finance revenues in the country will increase from US$1,821.1 million in 2022 to reach US$7,402.1 million by 2029.

The Indonesian embedded insurance industry posted significant growth over the last few quarters, and the publisher expects the market to record strong growth over the next four to eight quarters. The market growth is expected to be driven primarily by product innovation and rising partnerships.

Additionally, amid the growing demand for insurance services in the country, insurtech start-ups are raising funds to enhance their services and platform to meet the increasing demand. For instance,
  • In September 2020, insurtech start-up PasarPolis announced that the firm had raised US$54 million in its Series B funding round from investors, including LeapFrog and SBI Investments. Notably, the firm is planning to use the funding round to enhance and further develop its AI-based claims automation platform, allowing it to customize insurance products for different industries.

In Indonesia, insurtech firms are entering into strategic partnerships with e-commerce platforms to expand their reach. For instance,
  • Qoala, the insurtech firm that offers micro-insurance policies, has entered into strategic alliances with various online-only platforms such as Shopee, Tokopedia, JD.ID, and Grabkios. In addition to these e-commerce platforms, the firm has also entered into strategic partnerships with travel booking firms such as RedBus and PegiPegi.

Consequently, the publisher projects a growing number of collaborations over the next four to eight quarters, as insurers are planning to expand their distribution channels to gain a larger market share in the Indonesian embedded insurance market.

The Indonesian embedded lending industry posted growth over the last few quarters and is expected to continue its upward momentum over the next four to eight quarters. This growth is expected to be driven mainly by the considerable growth of the fintech industry in the country.

Fintech start-ups have challenged traditional banks by bringing modern technologies, customer-centric services, and flexible technologies to the niche segments of financial services. Growing fund-raising activities are expected to accelerate the market growth further. For instance,
  • In June 2021, the United States-based credit and payments platform Fairbanc, raised an undisclosed investment in a pre-Series A from ADB Ventures, the Asian Development Bank's venture arm Accion Venture Lab, East Ventures, Michael Sampoerna Group, and others. The fund raised by the company will be utilized to expand its reach in the Indonesian market.

Indonesia has always been ripe for innovative payment methods. Due to geographical and infrastructural barriers, more than half of the country's population does not access banking services. Due to this vast unbanked population, the demand for embedded payments is growing. The market growth is further fueled by massive growth in the country's e-commerce industry. Furthermore, embedded payment options serve as an effective tool to bring financial inclusion to the country's unbanked population.

According to the publisher analysis, the transaction value of electronic money was increased from nearly US$10 billion in 2019 to more than US$13 billion in 2020. Notably, the retail and transportation industries dominated electronic transactions by capturing 28.2% and 26.7% share of the total electronic transactions. The data signifies a considerable opportunity for embedded payment providers in the retail and transportation industries.

Local fintech companies are currently dominating the Indonesian embedded payments market. The companies are looking forward to innovating newer payment methods and increasing their revenue streams to create a more significant economic impact.

This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.

Scope


This report provides in-depth, data-centric analysis of Embedded Finance industry in Indonesia. Below is a summary of key market segments:

Indonesia Embedded Finance Market Size and Forecast


Indonesia Embedded Lending Market Size and Forecast


Embedded Lending by Consumer Segments, 2020 - 2029

  • Business Lending
  • Retail Lending

Embedded Lending by B2B Sectors, 2020 - 2029

  • Embedded Lending in Retail & Consumer Goods
  • Embedded Lending in IT & Software Services
  • Embedded Lending in Media, Entertainment & Leisure
  • Embedded Lending in Manufacturing & Distribution
  • Embedded Lending in Real Estate
  • Embedded Lending in Other

Embedded Lending by B2C Sectors, 2020 - 2029

  • Embedded Lending in Retail Shopping
  • Embedded Lending in Home Improvement
  • Embedded Lending in Leisure & Entertainment
  • Embedded Lending in Healthcare and Wellness
  • Embedded Lending in Other

Indonesia Embedded Insurance Market Size and Forecast


Embedded Insurance by Industry, 2020 - 2029

  • Embedded Insurance in Consumer Products
  • Embedded Insurance in Travel & Hospitality
  • Embedded Insurance in Automotive
  • Embedded Insurance in Healthcare
  • Embedded Insurance in Real Estate
  • Embedded Insurance in Transport & Logistics
  • Embedded Insurance in Others

Embedded Insurance by Insurance Type, 2020 - 2029

  • Embedded Insurance in Life Segment
  • Embedded Insurance in Non-Life Segment

Embedded Insurance by Type of Offering, 2020 - 2029

  • Embedded Insurance in Product Segment
  • Embedded Insurance in Service Segment

Indonesia Embedded Payment Market Size and Forecast


Embedded Payment by Consumer Segments, 2020 - 2029

  • B2B
  • B2C

Embedded Payment by End-Use Sector, 2020 - 2029

  • Embedded Payment in Retail & Consumer Goods
  • Embedded Payment in Digital Products & Services
  • Embedded Payment in Utility Bill Payment
  • Embedded Payment in Travel & Hospitality
  • Embedded Payment in Leisure & Entertainment
  • Embedded Payment in Health & Wellness
  • Embedded Payment in Office Supplies & Equipment
  • Embedded Payment in Other

Indonesia Embedded Wealth Management Market Size and Forecast


Reasons to buy

  • In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
  • Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.
  • Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

Table of Contents

1 About this Report
1.1 Summary
1.2 Methodology
1.3 Embedded Finance Definitions
1.4 Disclaimer
2 Indonesia Embedded Finance Industry Market Size and Forecast
2.1 Indonesia Embedded Finance - Revenue Trend Analysis, 2020-2029
2.2 Indonesia Embedded Finance Market Share Analysis by Key Sectors
3 Indonesia Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4 Indonesia Embedded Insurance Industry Market Size and Forecast by Type of Insurance
4.1 Market Share Analysis by Type of Insurance
4.2 Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4.3 Non-Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5 Indonesia Embedded Insurance Industry Market Size and Forecast by End Use Industry
5.1 Market Share Analysis by End Use Industry Segments
5.2 Consumer Products - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.3 Travel & Hospitality - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.4 Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.5 Healthcare - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.6 Real Estate - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.7 Transport & Logistics - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.8 Other - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6 Indonesia Embedded Insurance Industry Market Size and Forecast by Type of Offering
6.1 Market Share Analysis by Type of Offering
6.2 Product Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6.3 Service Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
7 Indonesia Embedded Lending Industry Market Size and Forecast, 2020-2029
8 Indonesia Embedded Lending Industry Market Size and Forecast by Consumer Segment
8.1 Market Share Analysis by Consumer Segment
8.2 B2B Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
8.3 B2C Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9 Indonesia Embedded Lending Industry Market Size and Forecast by Business to Business (B2B) Sectors
9.1 Market Share Analysis by B2B Sectors
9.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.3 IT & Software Services - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.4 Transport & Logistics - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.5 Manufacturing & Distribution - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.6 Real Estate - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.7 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10 Indonesia Embedded Lending Industry Market Size and Forecast by Business to Consumer (B2C) Sectors
10.1 Market Share Analysis by B2C Sectors
10.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.3 Home Improvement - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.4 Leisure & Entertainment - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.5 Healthcare & Wellness - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.6 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
11 Indonesia Embedded Payment Industry Market Size and Forecast, 2020-2029
12 Indonesia Embedded Payment Industry Market Size and Forecast by Consumer Segment
12.1 Market Share Analysis by Consumer Segment
12.2 B2B Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
12.3 B2C Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13 Indonesia Embedded Payment Industry Market Size and Forecast by End Use Segment
13.1 Market Share Analysis by End Use Segment
13.2 Retail & Consumer Goods Lending - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.3 Digital Products & Services - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.4 Utility Bill Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.5 Travel & Hospitality - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.6 Leisure & Entertainment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.7 Health & Wellness - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.8 Office Supplies & Equipment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.9 Other - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
14 Indonesia Embedded Wealth Management Industry Market Size and Forecast, 2020-2029
15 Further Reading
15.1 About the Publisher

List of Figures

Figure 1: Methodology Framework
Figure 2: Indonesia Embedded Finance - Revenue (US$ Million), 2020-2029
Figure 3: Indonesia Embedded Finance Market Share Analysis by Key Sectors (%), 2020-2029
Figure 4: Indonesia Embedded Insurance - Revenue (US$ Million), 2020-2029
Figure 5: Market Share Analysis by Type of Insurance (%), 2020-2029
Figure 6: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 7: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 8: Market Share Analysis by End Use Industry Segments, 2021 Vs. 2029
Figure 9: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 10: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 11: Automotive - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 12: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 13: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 14: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 15: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 16: Market Share Analysis by Type of Offering (%), 2020-2029
Figure 17: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 18: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 19: Indonesia Embedded Lending - Revenue (US$ Million), 2020-2029
Figure 20: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 21: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 22: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 23: Market Share Analysis by B2B Sectors (%), 2021 Vs. 2029
Figure 24: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 25: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 26: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 27: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 28: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 29: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 30: Market Share Analysis by B2C Sectors (%), 2021 Vs. 2029
Figure 31: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 32: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 33: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 34: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 35: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 36: Indonesia Embedded Payment - Revenue (US$ Million), 2020-2029
Figure 37: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 38: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 39: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 40: Market Share Analysis by End Use Segment (%), 2021
Figure 41: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 42: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 43: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 44: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 45: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 46: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 47: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 48: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 49: Indonesia Embedded Wealth Management - Revenue (US$ Million), 2020-2029

List of Tables

Table 1: Indonesia Embedded Finance - Revenue (US$ Million), 2020-2029
Table 2: Indonesia Embedded Insurance - Revenue (US$ Million), 2020-2029
Table 3: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 4: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 5: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 6: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 7: Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
Table 8: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 9: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 10: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 11: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 12: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 13: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 14: Indonesia Embedded Lending - Revenue (US$ Million), 2020-2029
Table 15: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 16: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 17: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 18: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 19: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 20: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 21: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 22: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 23: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 24: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 25: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 26: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 27: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 28: Indonesia Embedded Payment - Revenue (US$ Million), 2020-2029
Table 29: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 30: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 31: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 32: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 33: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 34: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 35: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 36: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 37: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 38: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 39: Indonesia Embedded Wealth Management - Revenue (US$ Million), 2020-2029

Methodology

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