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

Mass tourism threatens Croatia's 'Game of Thrones' town

Sep 23, 2018

DUBROVNIK, Croatia — Marc van Bloemen has lived in the old town of Dubrovnik, a Croatian citadel widely praised as the jewel of the Adriatic, for decades, since he was a child. He says it used to be a privilege. Now it's a nightmare. Crowds of tourists clog the entrances to the ancient walled city, a UNESCO World Heritage Site, as huge cruise ships unload thousands more daily. People bump into each other on the famous limestone-paved Stradun, the pedestrian street lined with medieval churches and palaces, as fans of the popular TV series "Game of Thrones" search for the...

UNESCO experts: Will take years to restore Brazilian museum

Sep 23, 2018

BRASILIA, Brazil — Experts with UNESCO say it could take years to restore Brazil's National Museum and the vast collections that were ravaged by a fire on Sept. 2. Jose Luiz Pedersoli, who works for International Centre for the Study of the Preservation and Restoration of Cultural Property, said Tuesday that based on the experience of other countries it could take up to 10 years to restore just part of the collections. Pedersoli is part of a group of specialists working with the United Nations' cultural agency that visited the remains of the museum. Group director Cristina Menegazzi said its...

Needle-in-strawberry scare spreads across Australia

Sep 23, 2018

MELBOURNE, Australia — Public fears about sewing needles concealed inside strawberries on supermarket shelves have spread across Australia and New Zealand as growers turn to metal detectors and the Australian government launches an investigation to restore public confidence in the popular fruit. The government of Queensland state, where the contamination scare started last week, offered a 100,000 Australian dollar ($72,000) reward for information leading to the arrest of the person responsible for inserting needles into strawberries after six brands — Donnybrook Berries, Love Berry, Delightful Strawberries, Oasis, Berry Obsession and Berry Licious — were recalled. The scare had spread across...

Friendships set aside for Argentina-Australia rugby match

Sep 23, 2018

GOLD COAST, Australia — If Saturday's Rugby Championship match between Australia and Argentina is a family reunion, Wallabies coach Michael Cheika isn't planning to be too hospitable. Argentina head coach Mario Ledesma was a former forwards coach with the Wallabies, and both Cheika and assistant coach Stephen Larkham consider the rookie Pumas coach a good friend. It's the first time that Ledesma, who was named to the post in early August, will go head-to-head against his former colleagues. There's plenty on the line — the Pumas haven't won in Australia in 35 years. Argentina split a home-and-away series against South...

Brazil candidate recovering from surgery after stabbing

Sep 23, 2018

SAO PAULO — Brazil's far-right presidential candidate Jair Bolsonaro is recovering after a successful emergency surgery to repair tissues of his intestinal walls. Sao Paulo's Albert Einstein hospital said in a statement Thursday that the candidate's abdomen had become distended and surgery was performed on Wednesday to repair the adhesions. Bolsonaro was stabbed Sept. 6 during a rally in the southeastern city of Juiz de Fora. He suffered intestinal damage and serious internal bleeding and underwent surgery at a local hospital before he was transferred to Sao Paulo. A Datafolha poll published on Monday showed Bolsonaro leading the race for...

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