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Newly released market study: Consumer Payments Country Snapshot: Indonesia 2016



22.11.2017 15:05:36 - New Financial Services market report from GlobalData: "Consumer Payments Country Snapshot: Indonesia 2016"

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Consumer Payments Country Snapshot: Indonesia 2016", 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.

Indonesia remains a cash-driven economy, although new payment technologies are expected to gradually increase in importance, with e-commerce and mobile payments in particular predicted to drive significant growth and opportunities through 2021. The modernization of the country's payments infrastructure and the National Non-Cash Movement promoted by Bank Indonesia will support the transition to digital payments. However, this change will take time to spread throughout the market.

Specifically the report -

* 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.

Scope

* While cash remains an important traditional payment tool in Indonesia, cards will be used more frequently as the move to non-cash payments accelerates.
* There is significant future growth potential in e-commerce, which will be driven by an increase in mobile internet penetration as well as the emerging middle class.
* In spite of recent progress, Indonesia's payment acceptance network is still underdeveloped, with only 1 point of sale terminal per 246 people and 1 ATM per 2,501 people in 2015.

Reasons to Get this Report

* 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.

Companies Mentioned in this Report: Visa, Mastercard, American Express, JCB, Bank Rakyat Indonesia, Bank Mandiri, BCA, BNI, PT Bank CIMB Niaga, Bank Tabungan Negara, MoneyGram, Arsema, Xendit, SMBC, Bank Tabungan Pensiunan Nasional, UOB Indonesia, Wirecard, Bank Mega, Samsung, Mozido, Verifone, Finnet Indonesia, Telkomsel Indonesia, Indosat Ooredoo, Apple, Alibaba, Lazada Indonesia, MatahariMall, Bhinneka, Blibli, Zalora Indonesia, Bobobobo, Traveloka, Tokopedia, Bukalapak, Qoo10, Elevenia, Rakuten Belanja Online, Lamido, Ant Financial, Emtek Group, Blackberry, GoSwiff

Browse our complete collection of Financial Services research reports at www.fastmr.com/catalog/browse.aspx?category=10&a ..

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For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)


Author:
Bill Thompson
e-mail
Web: http://www.fastmr.com
Phone: 1.413.485.7001


 

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