Payments Landscape in Indonesia: Opportunities and Risks to 2021

2017-09-21
Price :
Published : Sep-2017
No. of Pages : 57

Payments Landscape in Indonesia: Opportunities and Risks to 2021

Summary

GlobalData’s “Payments Landscape in Indonesia: Opportunities and Risks to 2021″, 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, payment cards, and cheques during the review-period (2013-17e).

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 (2017-21f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

This 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 cheques, cash, and payment cards. It also, includes an overview of the country’s key alternative payment instruments.
- E-commerce market analysis and payment methods.
- 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.

Scope

- Bank Indonesia, the country’s central bank, is enhancing the security of payment systems in order to build customer confidence in payment cards. In this regard, the government 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.
- Consumers in Indonesia are gradually adopting contactless payments. Consequently, Visa launched its contactless service Visa payWave in Indonesia in September 2016. This service enables Visa card holders to make contactless transactions without a PIN for transactions below IDR1m ($74). Following this, Bank CIMB Niaga, Bank Tabungan Pensiunan Negara, UOB Indonesia, and Bank Mandiri adopted this technology.
- To benefit from the expanding mobile payments market, domestic banks in Indonesia are launching their own mobile payment solutions. For instance, Bank Central Asia launched its mobile wallet Sakuku in September 2015, enabling customers to make instore and P2P payments and withdraw cash from ATMs. Similarly, Standard Chartered Bank launched its Straight2Bank wallet in July 2015. Earlier in 2013, CIMB Niaga Bank launched its mobile wallet Rekening Ponsel.

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.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

The Global Wealth Market in 2017

The Global Wealth Market in 2017 Summary Global wealth market is on a continuous growth path. Worldwide liquid onshore assets will exceed $100tn by the end of 2017. However, the market is not homogenous: rates and reasons for growth differ between affluent segments, the level of economic development in any given nation, and local conditions. This means that understanding not just the actual size of a market, but also all of the above factors is crucial for wealth managers expanding to new countries and developing client targeting strategies. At the end of 2016, worldwide liquid assets held onshore by affluent individuals (those with assets exceeding $50,000) totaled $92.4tn. 2017 will see 5.4% growth, adding another $5.3tn to the global affluent wealth market. Although combined, t......
$5250

UK Travel Insurance: Market Dynamics & Opportunities 2017

UK Travel Insurance: Market Dynamics & Opportunities 2017 Summary In 2016, the UK travel insurance market experienced a decrease of 18% in the number of policies being written, which resulted in GWP dropping 9%. Profitability within the market has remained low despite a slight increase in travel insurance premiums, as the number of UK residents visiting abroad without travel insurance increases. With the overwhelming majority of visits abroad by UK residents being to Europe and the number of visits to this region increasing in 2016, the downturn in policy uptake by UK travelers could be explained by reliance upon the European Health Insurance Card (EHIC) system. Cost of claims for travel insurers increased in 2016 to £368.5m, despite the total number of claims falling almost 3% a......
$3450

Offshore Investment: Booking Center Preferences 2017

Offshore Investment: Booking Center Preferences 2017 Summary Offshore investment market is growing once again, reassuring all banks and wealth managers serving this lucrative, if challenging segment that the Common Reporting Standard (CRS) and recent scandals have not put it into a terminal decline. However, the shape of post-CRS world is likely to be very different than what it was before: more concentrated, institutionally oriented, and with slower growth. Key findings include in this report - - Growth will slow in the retail non-resident sector as the CRS inclines more investors to book onshore, and obtain their geographic diversification via other means. Amongst the largest international financial centers (IFCs), those with the largest portion of institutional AUM such as Lux......
$5250

UK SME Insurance: Market Dynamics and Opportunities 2017

UK SME Insurance: Market Dynamics and Opportunities 2017 Summary After recording a growth every year since 2012, the United Kingdom SME insurance market suffered a sharp decline in 2016. The market was worth £6.4bn in GWP in 2016, down 9.0% year-on-year. This was caused by tough economic conditions and an uncertainty surrounding the Brexit, which led to increased liquidations, reduced growth in the number of businesses open, and SMEs spending less on insurance. Declines in the number of businesses and insurance spend for companies with between five and nine employees has been particularly damaging. The number of companies in this size category fell by 4.1%, which is considerable as there are a large number of them and they have a high insurance penetration rate. Total SME insuran......
$3450

UK Employers’ Liability Insurance: Market Dynamics and Opportunities 2017

UK Employers' Liability Insurance: Market Dynamics and Opportunities 2017 Summary An unexpected extent of the changes to the Ogden rate has shaken the employers' liability (EL) market. Premium rate rises have been forced on a sector characterized by over-capacity and high levels of competition. In spite of the recent rate increases, underlying market dynamics persists, and the sector faces a period of continued turbulence, due to uncertainties over key pieces of legislation and the performance of the economy. Key findings include in this report - - UK EL market gross written premium (GWP) contracted by 7.4% in 2016. - Insurers have responded to the 2017 discount rate change with significant reserve strengthening and premium rate rises, which has led to estimates of more robust G......
$3450

Super League In-Depth Analysis: J.P. Morgan Private Bank 2017 – Tracking the world’s major competitors in wealth management

Super League In-Depth Analysis: J.P. Morgan Private Bank 2017 - Tracking the world's major competitors in wealth management Summary "Super League In-Depth Analysis: J.P. Morgan Private Bank 2017", is a comprehensive analysis of J.P. Morgan Private Bank's wealth management operations. It offers insight into the company's strategy, financial results, and marketing activities. It also covers recent merger and acquisition (M&A) activity, customer targeting, and product innovation. JPMorgan Chase & Co. is a US-based financial services company and the parent holding company of both J.P. Morgan and Chase. J.P. Morgan Private Bank is a brand used by its Asset & Wealth Management (AWM) business segment to cater to individuals and institutions with more than $10m in investible assets. Sp......
$1295

Super League In-Depth Analysis: RBC Wealth Management 2017 – Tracking the world’s major competitors in wealth management

Super League In-Depth Analysis: RBC Wealth Management 2017 - Tracking the world's major competitors in wealth management Summary "Super League In-Depth Analysis: RBC Wealth Management 2017", competitor profile is a comprehensive analysis of RBC's wealth management operations. It offers insight into the company's strategy, financial results, and marketing activities. It also covers recent merger and acquisition (M&A) activity, customer targeting, and product innovation. Headquartered in Toronto, Canada, RBC Wealth Management is one of the five main business segments of RBC. RBC Wealth Management has five divisions, including the company's Global Asset Management unit. RBC Wealth Management has 1,800 investment advisors in Canada and 1,800 financial advisors in the US. It operates 1......
$1295

UK SME Adoption of Employee Benefits 2017

UK SME Adoption of Employee Benefits 2017 Summary "UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are the top insurers, and the importance of offering benefits in attracting and retaining employees. The report explores the provision of 10 employee benefits among UK SMEs across pensions, protection insurance, and healthcare benefits, which include private company pensions, pension contributions into a NEST government auto-enrolment scheme, life insurance, critical illness insurance, income protection insuran......
$7500

Payments in Taiwan 2017: What Consumers Want?

Payments in Taiwan 2017: What Consumers Want? Summary Cash remains the preferred method of consumer payment in Taiwan, accounting for more than three quarters of total payment transaction volume. Consumers in Taiwan have a strong inclination towards cash for day-to-day transactions despite the gradual rise in electronic payments. Government of Taiwan has been promoting electronic payments through various initiatives, and the necessary payment infrastructure is in place. But ATMs are ubiquitous, the retail environment is highly competitive, and the dense urban environment lends itself to the use of cash. Debit card penetration in Taiwan stood at 413.8 cards per 100 individuals in 2017, the highest rate among its regional peers. However, debit card usage is mostly restricted to ATM ......
$3450

Payments in Hong Kong 2017: What Consumers Want?

Payments in Hong Kong 2017: What Consumers Want? Summary Hong Kong is a global financial hub, with few regulatory barriers for foreign banks and card payment participants, thereby encouraging banks from Mainland China and other overseas markets to expand into the Special Administrative Region. Hong Kong represents a mature payment card market in Asia, with 25 Million payment cards in issue and a population of just over 7 Million. Payment cards are the second-most popular payment instrument in Hong Kong, accounting for 22.4% of the payment transaction volume in 2017. Growth in the Hong Kong payment card market is driven by pay-later cards, which accounted for 76.4% of the total payment cards market in terms of transaction volume in 2017. Banks offer multi-currency payment cards to ......
$3450