Indonesia Cards and Payments: Opportunities and Risks to 2030

The ‘Indonesia Cards and Payments: Opportunities and Risks to 2030' report provides detailed analysis of market trends in Indonesia cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including debit, credit and charge cards during the review-period (2022-26e).

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 (2026e-30f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the analyst’s research, modeling, 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 ‘Indonesia Cards and Payments: Opportunities and Risks to 2030' report provides top-level market analysis, information and insights into Indonesia cards and payments industry, including:

• Current and forecast values for each market in Indonesia cards and payments industry, including debit, credit and charge cards.
• Detailed insights into payment instruments including cards, credit transfer, cash, 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 Indonesia 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 Indonesia cards and payments industry.

Key Highlights

• Digital banking is growing in popularity, underpinned by strong regulatory support, mobile-first consumer behavior, and rising demand for convenient, integrated solutions. In May 2025, the introduction of OVO Nabung by Superbank enabled users to open and manage a regulated savings account within the OVO wallet. This allows users to save directly via the OVO app without fees.
• In February 2026, BI joined Project Nexus to strengthen cross-border payment networks by collaborating with five other central banks: Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, Bank of Thailand, and the Reserve Bank of India. Project Nexus aims to connect various domestic instant payment systems to improve the speed, cost, transparency of, and access to cross-border payments. It is designed to standardize the way that global instant payment systems connect to each other.
• Contactless payments are gaining traction, driven by their introduction within public transport networks. In June 2025, public transport operator PT Moda Integrasi Transportasi Jabodetabek and Visa introduced contactless payments at the station gates of the Soekarno-Hatta Airport Rail Link. This enables passengers to tap Visa contactless cards, mobile wallets, and smartwatches to buy tickets, removing the need for physical tickets or waiting in line at ticket machines.

Report Scope

• Card market size in terms of number of cards, value and volume of transactions in Indonesia along with detailed card segmentation of debit, credit and charge cards available in the country.
• Market sizing and analysis of major payment instruments including cards, credit transfer, cash, cheques and direct debits.
• Payment market trends and growth for both historical and forecast period
• Competitor analysis with detailed insights into leading card issuers and schemes.
• Comprehensive analyasis of consumer attitudes and buying preferences for cards.
• A detailed snapshot of country's key alternative payment brands.

Reasons to Buy

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