Digital Payment Trends are Fueling the Industry's Growth Potential
This analysis examines Indonesia’s fintech industry, identifying the key trends influencing the changes in this space. It offers an in-depth analysis of select fintech sectors, specifically payment gateways, eMoney (or digital payments), and remittance services. It also provides key growth metrics, revenue forecasts, and profiles of key companies to watch. The study examines the factors driving and restraining this industry and highlights the growth opportunities emerging from the shifts in this space. The base year is 2023, and the forecast period is 2024-2028.
Indonesia is undergoing a paradigm shift toward a digital economy, actively integrating financial services and emerging technologies to drive growth. Increasing digitalization, a high internet penetration rate, and a conducive policy and regulatory environment that supports financial inclusion make financial technology (fintech) services a popular choice for Indonesian consumers. Strategic initiatives, such as the National Payment Gateway (Gerbang Pembayaran Nasional), Quick Response Code Indonesian Standard (QRIS), and BI-FAST, underscore this shift.
Table of Contents
Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Indonesian Financial Technology Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Opportunity Analysis
- Scope of Analysis
- Macroeconomic Analysis
- Mobile Subscription and Smartphone Penetration in Indonesia
- Indonesia’s Banked and Unbanked Population
- Payments Industry Value Chain
- Growth Drivers
- Growth Restraints
- Key Trends Driving Change in Indonesia
Payment Gateway
- Growth Metrics
- Payment Gateway Revenue
- Indonesian Payment Gateways - Overview
eMoney
- Growth Metrics
- eMoney Revenue Forecast
- Indonesian eMoney - Overview
Remittance
- Growth Metrics
- Remittance Revenue Forecast
- Indonesian Remittance - Overview
Companies to Watch
- Companies to Watch - Payment Gateway
- Companies to Watch - eMoney
- Companies to Watch - Remittance
The Last Word
- Conclusions
Growth Opportunity Universe
- Growth Opportunity 1: Real-time Fraud Management
- Growth Opportunity 2: SaaS Platform
- Growth Opportunity 3: Embedded Finance
List of Exhibits
