Indonesia Cards and Payments: Opportunities and Risks to 2028

The analyst's ‘Indonesia Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the Indonesian cards and payments industry. It 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 (2020-24e).

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 (2024e-28f). 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 analyst's ‘Indonesia Cards and Payments: Opportunities and Risks to 2028' 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

• Indonesia’s payment card landscape is experiencing growth, bolstered by efforts from both the government and financial institutions. International scheme providers dominate the credit and charge card market. However, in May 2023, the central bank launched the KKI domestic credit card scheme KKI to challenge the likes of Visa and Mastercard. KKI cards are available in digital and physical formats.
• The central bank and the government are taking steps to promote financial inclusion and bring the unbanked population into the formal banking system. One such initiative is the KEJAR program (One Student One Account) launched in 2019, which aims to ensure every student in the country has a bank account. 83.2% of students had opened a bank account as of June 2023; a target of 87% has been set for the end of 2024.
• Indonesia remains a cash-based economy. To promote non-cash payments, the government is taking steps to increase the adoption of contactless payments in various sectors - including retail, restaurants, and transport. This in turn will support growth of the country’s payment card industry. One such initiative is the launch of a contactless non-cash toll payment system, Multi-Lane Free Flow, which was first introduced on the Bali Mandara toll road in March 2024. This enables commuters to make contactless payments using a dedicated prepaid card.

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.