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 Press Releases

At State Department, Heather Nauert's star is ascendant

Mar 19, 2018

WASHINGTON — When the ax fell on Secretary of State Rex Tillerson, his spokeswoman was half a world away, a distance he and his inner circle preferred and enforced. Now, it's Tillerson who's on his way out after his unceremonious firing by President Donald Trump, and Heather Nauert whose star is ascendant. U.N. Ambassador Nikki Haley and Nauert are among the few women in the Trump administration with high-profile voices on foreign policy. Only three State Department officials — all men — now outrank Nauert, a former Fox News anchor who declined comment for this story. Nauert's meteoric rise comes...

After broken hand, Flight of the Conchords tour postponed

Mar 19, 2018

NEW YORK — The music comedy group Flight of the Conchords has postponed a series of tour dates after Bret McKenzie injured his hand in what he called a "very rock 'n' roll injury — falling down some stairs." In a statement posted on the band's website on Sunday, McKenzie said the upcoming United Kingdom tour of the Flight of the Conchords would be rescheduled after he broke two bones in his hand. McKenzie says he will be prevented from performing for several weeks. The group's 13 U.K. performances were to begin on Sunday in London. McKenzie and Jemaine Clement...

UK art teacher wins $1M teaching prize for inner city work

Mar 19, 2018

DUBAI, United Arab Emirates — A British art teacher won a highly-competitive $1 million teaching prize on Sunday for her work with inner-city children in London, helping students feel welcome and safe in a borough with one of the highest murder rates in the country. Andria Zafirakou, 39, beat out some 30,000 applicants from around the world to win the Global Teacher Prize, which honors one exceptional teacher a year who's made a significant contribution to the profession. The Alperton Community School teacher was awarded for her work in the London borough of Brent, one of the most ethnically diverse...

Leonard Bernstein, social activist, is focus of new exhibit

Mar 19, 2018

PHILADELPHIA — In October 1979, Leonard Bernstein received a fan letter from a high school humanities teacher. Helen Morgan wrote to the celebrity composer-conductor-pianist in hopes he could share the theme that guided his compositions — something she could pass along to her students for inspiration. "There are far more than one 'central theme' within my body of works," Bernstein wrote in reply. "But if I had to choose one, perhaps the most significant, it would be our search for a solution to the 20th century crisis of faith." Bernstein's lifelong effort to find that solution through music is on...

Bark Bracket: Retrievers become top dogs, boosted by UMBC

Mar 19, 2018

They're now at the top of the Bark Bracket. Very good dog, you Retrievers! In a sport full of Bulldogs, Huskies and Terriers, a new breed is suddenly ruling the NCAA basketball tournament — and beyond. All thanks to those underdogs at UMBC. "How 'bout those Retrievers?" dog expert David Frei raved. "This is their moment." 'Bout time, too. Always in the doghouse at America's most prestigious pooch pageant, no retriever has ever won best in show at the Westminster Kennel Club, a competition that began in 1877. Not a single Chesapeake Bay retriever, the state dog of Maryland and...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us:

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases