Payments in Indonesia Market 2017 – By Analyzing the Performance of Various Competitors adds Exclusive Research on “Payments in Indonesia Market” reports to its database.

PUNE, INDIA - October 12, 2017 /MarketersMedia/ —


WiseGuyReports published new report, titled “Payments in Indonesia”

"Payments in Indonesia 2017: What Consumers Want?", report examines the consumer payments market in Indonesia, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market.
Cash remains the predominant payment instrument in Indonesia - especially among the rural population. This was primarily due to low awareness of electronic payments, a high unbanked population, and limited access to banking infrastructure. The modernization of the country’s payments infrastructure with the introduction of the National Payments Plan, the transformation of cards to incorporate EMV technology, and the National Non-Cash Movement will support the transition to non-cash payments.

It provides in-depth analysis of the following –

- Analyzes consumer attitudes to financial services by lifestage.
- Analyzes the major payment card types in terms of both card holding and usage.
- Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.
- Considers consumer attitudes towards P2P tools, mobile payment tools, and contactless cards, and how companies in Indonesia are deploying these tools to meet customer needs.
- Explores the online payment market in Indonesia by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.



- Debit cards remain the preferred payment cards among Indonesian consumers. However, usage is mostly restricted to ATM cash withdrawals, with frequency of use at 9 times that of POS transactions. This is primarily because both consumers and merchants still prefer the use of cash. However, with ongoing efforts by the government to enhance the POS infrastructure and card acceptance, the number of POS transactions has increased.

- To bring a larger part of the population under the purview of the formal banking system, the central bank has taken a number of initiatives. The central bank introduced a national strategy for inclusive finance (SNKI) in November 2016, with the aim of increasing financial access to small business players such as farmers, fisherman, laborers, and SMEs.
- The central bank is also enhancing the security of payment systems and has mandated the migration of all payment cards to EMV standards by December 31, 2021. Similarly, as of July 1, 2017 the central bank has mandated the adoption of six-digit PINs for debit and ATM cards, instead of four-digit PINs.

Key points to buy

- Understand the key facts and figures in the consumer payments market in Indonesia.
- Learn what trends drive consumer behavior at the macro level and plan your strategy accordingly.
- Find out what products the major competitors are launching in the market.
- Discover consumer sentiments towards various payment tools in the Indonesian market and use this knowledge to inform product design.

Table of Contents

Market Overview
Card-based Payments
E-commerce Payments
Alternative Payments
Payments Infrastructure & Regulation

About Us

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact Info:
Email: Send Email
Organization: wiseguyreports
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +44 208 133 9349

Source URL:

For more information, please visit

Source: MarketersMedia

Release ID: 249395

More News From

Authorities hunting clues ask Austin bomber to talk to them

Mar 20, 2018

NEW YORK — In the search for answers to a series of explosions in Texas, authorities have come ahead with a simple plea to whoever's behind the blasts: Talk to us. The Austin police chief's direct appeal, complete with promises to listen to the bomber and try to understand the reasons, reflects the stubborn progress of the investigation in which there's no known motivation and the ties between the victims are opaque at best. It may also represent a ploy to coax a response that could give clues or help police prepare for what might come next. "It puts law...

South Korean K-Pop singers to perform in North Korea

Mar 20, 2018

SEOUL, South Korea — South Korea said Tuesday it will send a 160-member artistic group to North Korea, including about 10 celebrated K-Pop singers, for rare concerts there. The South Korean musical artists will visit Pyongyang, North Korea's capital, from March 31 to April 3 and give two performances, according to a joint statement issued after the two Koreas met at a border village. The development comes during a thaw in the North Korean nuclear crisis. A North Korean band performed in South Korea during the recently ended Pyeongchang Winter Olympics. The South Korean delegation will include some of the...

India says 39 workers abducted in Iraq in 2015 found dead

Mar 20, 2018

NEW DELHI — Iraqi authorities have found the bodies of 39 Indian workers who were abducted by militants from the Mosul area three years ago, India's foreign minister said Tuesday. The abducted workers, mostly from northern India, had been employed by a construction company near Mosul when militants overran the Iraqi city and seized wide swaths of territory. Relatives said they received phone calls from some of the workers five days after Mosul was captured in 2015 saying they needed help. Around 10,000 Indians worked and lived in Iraq at that time. Indian External Affairs Minister Sushma Swaraj told lawmakers...

Austin carnage now random; an arrest doesn't appear close

Mar 20, 2018

AUSTIN, Texas — William Grote says the latest attack by a suspected serial bomber that has terrorized Austin for weeks left what appeared to be nails embedded in his grandson's knees. Police and federal agents said that the blast Sunday night triggered along a street by a nearly invisible tripwire suggests a "higher level of sophistication" than they have seen before in three early package bombs left on doorsteps, and means the carnage is now random, rather than targeted at someone in particular. Two people are dead and four injured, and authorities don't appear closer to making any arrests in...

On marathon US tour, crown prince seeks Saudi image makeover

Mar 20, 2018

WASHINGTON — Saudi Arabia's young crown prince has an ambitious list of to-dos: modernize his conservative kingdom, weaken Iran's hand across the Mideast and, this week, rehabilitate his country's image in the eyes of Americans. Crown Prince Mohammed bin Salman, son of King Salman and heir to the throne, is opening a marathon tour of the United States with a stop in Washington, where he plans to meet President Donald Trump on Tuesday. He'll hold separate meetings with a long roster of influential U.S. officials, including the secretaries of defense, treasury and commerce, the CIA chief and congressional leaders from...

Weather, 20 December
Houston Weather

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH