Published : Aug-2017
No. of Pages : 61
EXECUTIVE SUMMARY 2
1.1. Market overview 2
1.3. Key facts 4
1.4. Top five industry events 5
2. PAYMENT INSTRUMENTS 11
2.1. Current payment environment 11
3. E-COMMERCE AND ALTERNATIVE PAYMENTS 13
3.1. E-commerce market analysis 13
3.3. Alternative payment solutions 15
3.3.1. PayPal 15
3.3.2. Sakuku 15
3.3.3. Mandiri e-Cash 15
3.3.4. Straight2Bank 16
3.3.5. Dompetku 16
3.3.6. XL-Tunai 16
3.3.7. TCASH 16
3.3.8. mVisa 17
3.3.9. DOKU 17
3.3.10. Fortumo 17
3.3.11. BBM Money 17
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 18
4.1. Regulatory framework 18
4.1.1. Regulations related to card issuers 18
4.1.2. Regulations related to credit cards 18
4.1.3. Electronic banking regulations 19
4.2. Anti-money laundering 19
4.3. Foreign direct investment regulations 19
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 21
6. PAYMENT CARDS 23
7. DEBIT CARDS 25
7.1. Debit cards market analysis 25
7.2. Competition in the debit card market 27
7.3. Debit card comparison 29
8. PAY-LATER CARDS 30
8.1. Pay-later card market analysis 30
8.2. Competition in the pay-later card market 32
8.3. Pay-later cards comparison 34
9. PREPAID CARDS 36
10. MERCHANT ACQUIRING 38
11. APPENDIX 41
11.1. Abbreviations and acronyms 41
11.2. Supplementary data 41
11.3. Definitions 55
11.4. Methodology 57
11.5. Bibliography 59
11.6. Further reading 59
List of Tables
Table 1: Indonesia: key facts, 2016 4
Table 2: Indonesia: regional benchmarking of payment cards, 2016 4
Table 3: Indonesia: mode of entry of foreign banks 20
Table 4: Indonesia: debit card comparison and key features, 2017 29
Table 5: Indonesia: gold credit cards comparison and key features, 2017 34
Table 6: Indonesia: premium credit cards comparison and key features, 2017 34
Table 7: Indonesia: charge cards comparison and key features, 2017 35
Table 8: Indonesia: payment instrument transaction values (IDRtn), 2012-16 41
Table 9: Indonesia: payment instrument transaction values ($bn), 2012-16 41
Table 10: Indonesia: payment instrument transaction volumes (millions), 2012-16 41
Table 11: Indonesia: payment cards in circulation by type (millions), 2012-21f 42
Table 12: Indonesia: volume of payment card transactions (millions), 2012-21f 42
Table 13: Indonesia: value of payment card transactions (IDRtn), 2012-21f 42
Table 14: Indonesia: value of payment card transactions ($bn), 2012-21f 42
Table 15: Indonesia: debit cards in circulation (millions), 2012-21f 42
Table 16: Indonesia: debit card transaction volumes, 2012-21f 43
Table 17: Indonesia: debit card transaction values (IDR), 2012-21f 43
Table 18: Indonesia: debit card transaction values ($), 2012-21f 43
Table 19: Indonesia: debit cards in circulation by scheme (millions), 2012-16 44
Table 20: Indonesia: debit card transaction values by scheme (IDRtn), 2012-16 44
Table 21: Indonesia: debit card transaction values by scheme ($bn), 2012-16 44
Table 22: Indonesia: debit card transaction values by issuer (IDRtn), 2012-16 44
Table 23: Indonesia: debit card transaction values by issuer ($bn), 2012-16 45
Table 24: Indonesia: pay-later cards in circulation (millions), 2012-21f 45
Table 25: Indonesia: pay-later card transaction volumes, 2012-21f 45
Table 26: Indonesia: pay-later card transaction values (IDR), 2012-21f 46
Table 27: Indonesia: pay-later card transaction values ($), 2012-21f 46
Table 28: Indonesia: pay-later cards in circulation by scheme (000s), 2012-16 46
Table 29: Indonesia: pay-later card transaction values by scheme (IDRtn), 2012-16 47
Table 30: Indonesia: pay-later card transaction values by scheme ($m), 2012-16 47
Table 31: Indonesia: pay-later card transaction values by issuer (IDRtn), 2012-16 47
Table 32: Indonesia: pay-later card transaction values by issuer ($m), 2012-16 48
Table 33: Indonesia: credit cards in circulation (millions), 2012-21f 48
Table 34: Indonesia: credit card transaction volumes, 2012-21f 48
Table 35: Indonesia: credit card transaction values (IDR), 2012-21f 49
Table 36: Indonesia: credit card transaction values ($), 2012-21f 49
Table 37: Indonesia: credit cards in circulation by scheme (000s), 2012-16 49
Table 38: Indonesia: credit card transaction values by scheme (IDRtn), 2012-16 50
Table 39: Indonesia: credit card transaction values by scheme ($m), 2012-16 50
Table 40: Indonesia: charge cards in circulation (000s), 2012-21f 50
Table 41: Indonesia: charge card transaction volumes, 2012-21f 50
Table 42: Indonesia: charge card transaction values (IDR), 2012-21f 51
Table 43: Indonesia: charge card transaction values ($), 2012-21f 51
Table 44: Indonesia: charge cards in circulation by scheme (000s), 2012-16 51
Table 45: Indonesia: charge card transaction values by scheme (IDRtn), 2012-16 51
Table 46: Indonesia: charge card transaction values by scheme ($m), 2012-16 51
Table 47: Indonesia: prepaid cards in circulation (millions), 2012-21f 52
Table 48: Indonesia: prepaid card transaction values (IDRtn), 2012-21f 52
Table 49: Indonesia: prepaid card transaction values ($m), 2012-21f 52
Table 50: Indonesia: merchant acquiring transaction volumes (millions), 2012-20f 52
Table 51: Indonesia: merchant acquiring transaction values (IDRtn), 2012-20f 52
Table 52: Indonesia: merchant acquiring transaction values ($bn), 2012-20f 52
Table 53: Indonesia: acquirers' transaction volumes (millions), 2011-15 53
Table 54: Indonesia: acquirers' transaction value (IDRtn), 2011-15 53
Table 55: Indonesia: acquirers' transaction values ($bn), 2011-15 53
Table 56: Indonesia: retail outlets and card-accepting merchants (000s), 2012-20f 53
Table 57: Indonesia: debit card average interchange fees (%), 2011-15 54
Table 58: Indonesia: debit card merchant service charge and interchange fee (%), 2012-20f 54
Table 59: Indonesia: pay-later card average interchange fees (%), 2011-15 54
Table 60: Indonesia: pay-later card merchant service charge and interchange fee (%), 2012-20f 54
Table 61: Key definitions 55
List of Figures
Figure 1: Indonesia: payment instrument shares by transaction value (%), 2012 vs 2016 11
Figure 2: Indonesia: payment instrument shares by transaction volume (%), 2012 vs 2016 12
Figure 3: Indonesia: e-commerce market value 13
Figure 4: Indonesia: population and economic indicators 21
Figure 5: Indonesia: ATMs, POS terminals, and household consumption 22
Figure 6: Indonesia: payment cards transaction value and cards in circulation, 2012-21f 23
Figure 7: Indonesia: debit card penetration and turnover per card 25
Figure 8: Indonesia: debit card scheme and issuer transaction value shares, 2016 27
Figure 9: Indonesia: pay-later card penetration and turnover per card 30
Figure 10: Indonesia: pay-later card scheme and issuer transaction value shares, 2016 32
Figure 11: Indonesia: prepaid cards in circulation, and transaction value, 2012-21f 36
Figure 12: Indonesia: merchant acquiring transaction volume and value, 2012-20f 38
Figure 13: Indonesia: acquirers' market share in terms of transaction volume and value (%), 2015 39
Figure 14: Indonesia: average merchant service charge and interchange fee (%), 2012-20f 40
