Indonesia Cards and Payments - Opportunities and Risks to 2026

The publisher's ‘Indonesia Cards and Payments: Opportunities and Risks to 2026' report provides detailed analysis of market trends in the Indonesian cards and payments industry. It also provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, mobile wallets, cards, cheques, and direct debits during the review-period (2018-22e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2022e-26f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the publisher's research, modelling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

The report provides top-level market analysis, information and insights into the Indonesian cards and payments industry, including:

• Current and forecast values for each market in the Indonesian cards and payments industry, including debit, credit, and charge cards
• Detailed insights into payment instruments including cash, credit transfers, mobile wallets, cards, cheques, and direct debits. It also, includes an overview of the country's key alternative payment instruments
• Ecommerce market analysis
• Analysis of various market drivers and regulations governing the Indonesian cards and payments industry
• Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards
• Comprehensive analysis of consumer attitudes and buying preferences for cards
• The competitive landscape of the Indonesian cards and payments industry

Scope

• The government has introduced initiatives designed to boost the ecommerce market. In December 2022, the Ministry of Trade organized a National Online Shopping Day (Harbolnas) to encourage the use of ecommerce and boost domestic goods trade. Meanwhile, ASEAN plans to hold an ecommerce event in Indonesia in August 2023 to promote cross-border trade. Amid growing ecommerce demand in Indonesia, new players are entering the market. In July 2022, online children's educational company Tentang Anak launched an ecommerce shopping option within its app, enabling users to buy education-related products
• To increase the acceptance of electronic payments among merchants, in August 2019 the central bank launched QRIS. QRIS is a common standard for QR code payments that is designed to work across all electronic money apps, electronic wallets, and mobile banking services. Nationwide QRIS implementation came into effect from January 1, 2020. To promote the use of QR code payments for higher-value transactions, the central bank raised the QRIS payment limit from IDR2 million ($128.07) to IDR5 million ($320.17) from May 1, 2021. The limit was further raised to IDR20 million ($1,280.67) in February 2022
• The proliferation of digital-only banks is likely to stir competition in the Indonesian banking sector and boost debit card adoption. In September 2022, Standard Chartered and ecommerce platform Bukalapak partnered to launch the digital-only bank BukaTabungan in the country. The bank offers products and services including saving accounts and debit cards. Previously, social messaging platform LINE partnered with Hana Bank to launch LINE Bank in Indonesia in June 2021. This digital-only bank offers saving accounts and debit cards

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Indonesian cards and payments industry and each market within it
• Understand the key market trends and growth opportunities in the Indonesian cards and payments industry
• Assess the competitive dynamics in the Indonesian cards and payments industry
• Gain insights into marketing strategies used for various card types in Indonesia
• Gain insights into key regulations governing the Indonesian cards and payments industry.