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ReportsnReports added Latest Indonesian Cards and Payments Market Research Report estimates the market size by year-end in a CAGR, using in-depth analysis of historical data for years. The primary objective of this report is to determine Indonesia Cards and Payments market status, forecast, growth opportunity, and market size by analyzing segments such as key market players, regional rankings, product type. and the application industry. The Indonesian card and payments market also provides a comparative analysis of market dynamics before and after the Covid19 outbreak.
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Analysis of the profile of the main company in this report
BRI Bank
BNI
Mandiri Bank
BCA
CIMB
Bank Danamon Indonesia
Maybank
Mega Bank
Citibank
United Overseas Bank
and more…
Indonesia Cards and Payments Market Report provides a detailed analysis of the market trends in the Indonesian card and payments industry. Provides values and volumes for a number of key performance indicators in the industry, including cards, cash, and checks during the review period (2015-19e).
The report also looks at 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 during the forecast period (2019e-23f). . It also provides information on the competitive landscape of the country, including the market shares of issuers and schemes.
The report brings together research, modeling and analysis expertise to enable banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in the regulatory structure.
The Indonesia Card and Payment Market Report provides high-level market analysis, information and insights on the Indonesian card and payments industry, including:
– Current and forecast values for each market in the Indonesian card and payment industry, including debit, credit and charge cards.
– Detailed information about payment instruments, including cards, cash and checks. It also includes an overview of the main alternative payment instruments in the country.
– Analysis of the electronic commerce market.
– Analysis of various market drivers and regulations governing the card and payment industry in Indonesia.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
Scope of this report
– To encourage the use of electronic payments among Indonesian consumers, the central bank introduced NPG in December 2017. The gateway enables interoperability and switching of national payments, thus creating an interconnected payment ecosystem. With the infrastructure sharing and interoperability system in place, the commercial discount rate on payment cards, which ranged from 2% to 3%, was reduced to 1%. And for domestic transactions, the government introduced debit cards / ATMs with the NPG logo. According to the central bank, a total of 16.1 million cards with the NPG logo were issued in 2018.
– To improve the security of the country’s payment system and increase the use of payment cards, the central bank ordered that all debit cards and ATMs must migrate to the EMV standard with a six-digit PIN before December 31, 2021. The transition has taken place in phases; 50% of the banks ?? Debit cards must be EMV compliant by December 31, 2019. Additionally, banks are also taking steps to improve the security of customer accounts and transactions. In April 2018, Bank Rakyat Indonesia (Bank BRI) partnered with the State Cyber and Code Agency to introduce a digital signature verification system on its mobile banking platform. Initially, the bank introduced digital signatures for validation when opening an account through its mobile banking app.
– The emergence of mobile-only banks in Indonesia is likely to further accelerate the shift towards electronic payments. Singapore-based DBS Bank launched its mobile-only banking digibank in August 2017. Consumers can open a digibank account by providing their biometric scans to digibank agents. They can then use their account to make fund transfers and cash withdrawals with no administration fees. In August 2018, the Singapore UOB announced plans to launch its TMRW digital bank in five Asian markets. The Indonesian launch is planned for the end of 2019.
Reasons to buy this report-
– Make strategic business decisions, using high-level forecast and historical market data, related to the Indonesian card and payments industry and each market within it.
– Understand key market trends and growth opportunities in the Indonesian card and payments industry.
– Evaluate the competitive dynamics in the Indonesian card and payments industry.
– Learn about the marketing strategies used for various types of cards in Indonesia.
– Learn about the key regulations governing the Indonesian card and payments industry.
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Table of Contents
Market overview
Payment preferences: cash, card and mobile wallet
Card payments
Merchant acquisition
E-commerce payments
Mobile proximity payments
P2P payments
Invoice payments
Alternative payments
Payment innovations
Infrastructure and payment regulation
Appendix
