Payments in Indonesia Market 2017 – By Analyzing the Performance of Various Competitors

WiseGuyReports.com adds Exclusive Research on “Payments in Indonesia Market” reports to its database.

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

SUMMARY

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.

GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/2385382-payments-in-indonesia-2017-what-consumers-want

Scope

- 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
Megatrends
Card-based Payments
E-commerce Payments
Alternative Payments
Payments Infrastructure & Regulation
Appendix

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

Source URL: https://marketersmedia.com/payments-in-indonesia-market-2017-by-analyzing-the-performance-of-various-competitors/249395

For more information, please visit https://www.wiseguyreports.com

Source: MarketersMedia

Release ID: 249395

Latest News

Brazilians heave sigh of relief with World Cup win

Jun 24, 2018

RIO DE JANEIRO — Brazilians breathed a sigh of relief Friday after the national team scored two stoppage time goals to beat Costa Rica 2-0 at the World Cup, bringing it closer to a berth in the round of 16. With yellow-and-green T-shirts and Brazilian flags draped over their shoulders, thousands of people across Latin America's biggest country gathered in bars, restaurants, coffee shops and public squares to watch the game on large TV screens. They went wild when Philippe Coutinho and Neymar scored Brazil's two goals with only a few minutes left in the game. The narrow streets, homes...

Jarrod Lyle going through "scary" period in cancer recovery

Jun 24, 2018

MELBOURNE, Australia — Jarrod Lyle's wife says the Australian golfer is struggling through a "really scary" period in his third battle with cancer. Lyle, 36, underwent a bone marrow transplant last December following a recurrence of acute myeloid leukemia. "It's been 190 days since Jarrod's stem-cell transplant and we are going through a really rough patch at the moment," Briony Lyle wrote on jarrodlylegolf.com. "I'm typing this blog on his behalf because he's not able to do it. Jarrod's not able to drive, struggles to prepare any food for himself, can't read stories to the girls and is not able...

From shrieks in bucket to laughs, Brazil Zika baby improves

Jun 24, 2018

BONITO, Brazil — It's well before dawn, but Jose Wesley Campos giggles nonstop as his mother plays with his thick glasses while preparing to take the toddler to a doctor's appointment three hours away. "Sometimes, it is as if he swallowed a clown," said his mother, Solange Ferreira. That is a happy contrast from the child's first months, when Jose, who was born with an abnormally small head amid an outbreak of the Zika virus in northeast Brazil, would shriek uncontrollably. Desperate, Ferreira would calm the boy by putting him in a bucket of water. Images of Jose in the...

Some Brazil 'Zika kids' try school, others fight to survive

Jun 24, 2018

FREI MIGUELINHO, Brazil — On Tuesdays, 18-month-old Joaquim Santos spends an hour sitting by himself in a corner of a special needs classroom in this small city in northeast Brazil, one of the country's poorest regions and one hit hard by the Zika virus. Two harried teachers look on as other toddlers play around Joaquim, who has severe developmental delays after being born with a small head. As limited as Joaquim is in the early education classroom, his family and doctors say he is lucky to be there. "When Joaquim was born I thought he was going to be in...

Australian playwright disappointed censors axed Beijing play

Jun 24, 2018

CANBERRA, Australia — Renowned Australian playwright David Williamson said Tuesday that he is disappointed Chinese censors have canceled a production of his play "The Removalists" for the official reason that it contains bad language and violence. The 76-year-old said some involved in the production suspect the true reason the classic Australian play was banned was its depiction of police abusing their authority — a sensitive issue in China. The play was axed during a period of intense diplomatic tensions between China and Australia over Australian policies including a proposed ban on foreign interference in domestic politics. Australian beef and wine...

Diver Haven is brought to you by a team of tech-savvy diving enthusiasts. Diver of all walks of life be it recreational to professional, scuba or freedivers are always welcome.

Contact us: sales[at]diverhaven.com