The Cards and Payments Industry in Indonesia: Emerging Trends and Opportunities to 2019

GlobalData’s 'The Cards and Payments Industry in Indonesia: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Indonesia's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, payment cards and cash transactions during the review period (2010–2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including 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, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.

Scope

• This report provides a comprehensive analysis of Indonesia's cards and payments industry.

• It provides current values for Indonesia's cards and payments industry for 2014, and forecast figures to 2019.

• It details the different economic, infrastructural and business drivers affecting Indonesia's cards and payments industry.

• It outlines the current regulatory framework in the industry.

• It details marketing strategies used by various banks and other institutions.

• It profiles major banks in Indonesia's cards and payments industry.

Key Highlights

• During the review period, Indonesia’s payment cards market grew in terms of transaction value and volume, registering respective compound annual growth rates (CAGRs) of 11.95% and 19.89%. Government efforts to increase consumer awareness of payment cards, increased consumer confidence, growth in the middle-class population, and urbanization contributed to the review-period growth.

• Banks are migrating to EMV standards in order to enhance security. In October 2011, the central bank required banks to replace magnetic stripe ATM and debit cards with EMV cards. A deadline was set for December 31, 2015. From January 2015, the central bank also made six-digit PINs compulsory when authenticating credit card transactions at POS terminals.

• The prepaid cards market recorded strong performance both in terms of the number of cards in circulation and transaction value, registering respective review-period CAGRs of 60.29% and 46.16%; this situation is expected to continue over the forecast period.

Reasons to buy

• Make strategic business decisions using top-level historic and forecast market data related to Indonesia's cards and payments industry and each market within it.

• Understand the key market trends and growth opportunities in Indonesia's cards and payments industry.

• Assess the competitive dynamics in Indonesia's cards and payments industry.

• Gain insights into marketing strategies used for various card types in Indonesia.

• Gain insights into key regulations governing Indonesia's cards and payments industry.

Companies mentioned

Bank Rakyat Indonesia

Bank Central Asia

Bank Mandiri

Bank Negara Indonesia

Citibank Indonesia

Visa

MasterCard

American Express

JCB

Table of Contents

1 Definitions and Methodology

1.1 Definitions

1.2 Methodology

2 Key Facts and Events

3 Executive Summary

4 Payment Instruments

4.1 Current Payments Environment

4.2 Alternative Payment Instruments

4.2.1 PayPal

4.2.2 Doku

4.2.3 Codapay

4.2.4 BBM Money

5 Regulations in the Cards and Payments Industry

5.1 Regulatory Framework

5.1.1 Regulations related to card issuers

5.1.2 Regulations related to credit cards

5.1.3 Electronic banking regulations

5.2 Anti-Money Laundering

5.3 Foreign Direct Investment (FDI) Regulations

6 Analysis of Cards and Payments Industry Drivers

6.1 Demographic Drivers

6.2 Economic Drivers

6.3 Infrastructure Drivers

6.4 Business Drivers

7 Market Segmentation and New Product Launches

7.1 Market Segmentation and Targeting

7.1.1 Consumer cards

7.1.2 Commercial cards

7.2 New Product Launches

8 Payment Cards

8.1 Payment Cards Analysis

8.1.1 Volume and value of payment card transactions by type

8.1.2 Personal vs commercial cards

9 Debit Cards

9.1 Debit Cards Market Analysis

9.1.1 Debit card transaction volumes and values by channel

9.1.2 Debit card scheme shares in terms of number of cards in circulation and transaction value

9.1.3 Debit cards issuers’ market shares

9.1.4 Debit cards comparison

10 Credit Cards

10.1 Credit Cards Market Analysis

10.1.1 Credit card transaction volumes and values by channel

10.1.2 Credit card scheme shares in terms of number of cards in circulation and transaction value

10.1.3 Credit cards issuers’ market share

10.1.4 Credit cards comparison

11 Charge Cards

11.1 Charge Cards Market Analysis

11.1.1 Charge card transaction volumes and values by channel

11.1.2 Charge card scheme shares in terms of number of cards in circulation and transaction values

11.1.3 Charge cards comparison

12 Commercial Cards

12.1 Commercial Cards Market Analysis

12.1.1 Commercial cards comparison

13 Card Fraud Statistics

13.1 Card Fraud Analysis

14 Card Issuers

14.1 Bank Rakyat Indonesia

14.2 Bank Central Asia

14.3 Bank Mandiri

14.4 Bank Negara Indonesia

14.5 Citibank Indonesia

15 Prepaid Cards

15.1 Prepaid Cards Market Analysis

15.1.1 Prepaid cards comparison

16 Appendix

16.1 Tables

16.2 Contact GlobalData

16.3 About GlobalData

16.4 GlobalData’s Services

16.5 Disclaimer

List of Tables

Table 1: Key Definitions

Table 2: Annual Average Exchange Rate

Table 3: Indonesia – Key Facts, 2014

Table 4: Regional Benchmarking of Indonesian Payment Cards, 2014

Table 5: Indonesia – Mode of Entry of Foreign Banks

Table 6: Cards for High-Income Consumers, 2015

Table 7: Cards for Travelers, 2015

Table 8: Cards for Students and Youth Population, 2015

Table 9: Cards for Shoppers, 2015

Table 10: Cards for Female Population, 2015

Table 11: Commercial Cards Comparison and Key Features, 2015

Table 12: Indonesia – New Product Launches

Table 13: Indonesia – Debit Cards Comparison and Key Features, 2015

Table 14: Indonesia – Gold Credit Cards Comparison and Key Features, 2015

Table 15: Indonesia – Premium Credit Cards Comparison and Key Features, 2015

Table 16: Indonesia – Charge Cards Comparison and Key Features, 2015

Table 17: Indonesia – Commercial Cards Comparison and Key Features, 2015

Table 18: Indonesia – Prepaid Cards Comparison and Key Features, 2015

Table 19: Indonesia – Payment Instrument Transaction Values (IDR Trillion), 2010–2014

Table 20: Indonesia – Payment Instrument Transaction Values (US$ Billion), 2010–2014

Table 21: Indonesia – Payment Instrument Transaction Volumes (Million), 2010–2014

Table 22: Indonesia – Number of Payment Cards in Circulation by Type (Million), 2010–2019

Table 23: Indonesia – Payment Card Transaction Volumes by Type (Million), 2010–2019

Table 24: Indonesia – Payment Card Transaction Values by Type (IDR Trillion), 2010–2019

Table 25: Indonesia – Payment Card Transaction Values by Type (US$ Billion), 2010–2019

Table 26: Indonesia – Personal and Commercial Card Transaction Values (IDR Trillion), 2010–2019

Table 27: Indonesia – Personal and Commercial Card Transaction Values (US$ Billion), 2010–2019

Table 28: Indonesia – Personal and Commercial Card Transaction Volumes (Million), 2010–2019

Table 29: Indonesia – Number of Debit Cards in Circulation (Million), 2010–2019

Table 30: Indonesia – Debit Card Transaction Volumes and Frequency by Channel, 2010–2019

Table 31: Indonesia – Debit Card Total and Average Transaction Values by Channel, 2010–2019

Table 32: Indonesia – Debit Card Total and Average Transaction Values by Channel, 2010–2019

Table 33: Indonesia – Number of Debit Cards in Circulation By Scheme (Million), 2010–2014

Table 34: Indonesia – Debit Card Transaction Values By Scheme (IDR Trillion), 2010–2014

Table 35: Indonesia – Debit Card Transaction Values By Scheme (US$ Billion), 2010–2014

Table 36: Indonesia – Debit Card Transaction Values by Issuer (IDR Trillion), 2010–2014

Table 37: Indonesia – Debit Card Transaction Values by Issuer (US$ Billion), 2010–2014

Table 38: Indonesia – Number of Credit Cards in Circulation (Million), 2010–2019

Table 39: Indonesia – Credit Card Transaction Volumes and Frequency by Channel, 2010–2019

Table 40: Indonesia – Credit Card Total and Average Transaction Values by Channel, 2010–2019

Table 41: Indonesia – Credit Card Total and Average Transaction Values by Channel, 2010–2019

Table 42: Indonesia – Number of Credit Cards in Circulation By Scheme (Thousand), 2010–2014

Table 43: Indonesia – Credit Card Transaction Values By Scheme (IDR Trillion), 2010–2014

Table 44: Indonesia – Credit Card Transaction Values By Scheme (US$ Billion), 2010–2014

Table 45: Indonesia – Credit Card Transaction Values By Issuer (IDR Trillion), 2010–2014

Table 46: Indonesia – Credit Card Transaction Values By Issuer (US$ Million), 2010–2014

Table 47: Indonesia – Credit Card Balances Outstanding By Issuer (IDR Trillion), 2010–2014

Table 48: Indonesia – Credit Card Balances Outstanding By Issuer (US$ Million), 2010–2014

Table 49: Indonesia – Number of Charge Cards in Circulation (Thousand), 2009–2018

Table 50: Indonesia – Charge Card Transaction Volumes and Frequency by Channel, 2009–2018

Table 51: Indonesia – Charge Card Total and Average Transaction Values by Channel, 2009–2018

Table 52: Indonesia – Charge Card Total and Average Transaction Values by Channel, 2009–2018

Table 53: Indonesia – Number of Charge Cards in Circulation By Scheme (Thousand), 2010–2014

Table 54: Indonesia – Charge Card Transaction Values By Scheme (IDR Billion), 2010–2014

Table 55: Indonesia – Charge Card Transaction Values By Scheme (US$ Million), 2009–2013

Table 56: Indonesia – Number of Commercial Cards in Circulation (Thousand), 2010–2019

Table 57: Indonesia – Commercial Card Transaction Values (IDR Trillion), 2010–2019

Table 58: Indonesia – Commercial Card Transaction Values (US$ Million), 2010–2019

Table 59: Indonesia – Card Fraud (IDR Billion), 2010–2014

Table 60: Indonesia – Card Fraud (US$ Million), 2010–2014

Table 61: Indonesia – Number of Prepaid Cards in Circulation (Million), 2010–2019

Table 62: Indonesia – Prepaid Card Transaction Values (IDR Billion), 2010–2019

Table 63: Indonesia – Prepaid Card Transaction Values (US$ Million), 2010–2019

List of Figures

Figure 1: Indonesia – Payment Instrument Shares by Transaction Values (%), 2010 and 2014

Figure 2: Indonesia – Payment Instrument Shares by Transaction Volumes (%), 2010 and 2014

Figure 3: Indonesia – Total Population and Structure, 2014

Figure 4: Indonesia – Internet and Mobile Penetration (Users per 100 Inhabitants), 2010–2019

Figure 5: Indonesia – Economic Indicators, 2010–2019

Figure 6: Indonesia – Number of ATMs, POS Terminals and Banking Composition, 2014

Figure 7: Indonesia – Household Final Consumption Expenditure per Capita and Retail Sales, 2010–2014

Figure 8: Indonesia – E-Commerce Value (US$ Million), 2010–2019

Figure 9: Indonesia – Outbound and Inbound Trips Volume and Spending, 2010–2019

Figure 10: Indonesia – Cards and Payments Industry Segmentation by Card Type, 2015

Figure 11: Indonesia – Growth in Payment Cards Transaction Value and Number of Cards in Circulation, 2010–2019

Figure 12: Indonesia – Volume and Value of Payment Card Transactions by Type (%), 2010–2019

Figure 13: Indonesia – Personal and Commercial Card, Transaction Volumes and Values (%), 2010–2019

Figure 14: Indonesia – Growth in Debit Card Transaction Values and Number of Debit Cards in Circulation, 2010–2019

Figure 15: Indonesia – Debit Card Transaction Volumes and Values by Channel, 2010–2019

Figure 16: Indonesia – Debit Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014

Figure 17: Indonesia – Debit Cards Issuers’ Market Shares in Terms of Transaction Value (%), 2014

Figure 18: Indonesia – Growth in Credit Card Transaction Values and Number of Credit Cards in Circulation, 2010–2019

Figure 19: Indonesia – Credit Card Transaction Volumes and Values by Channel, 2010–2019

Figure 20: Indonesia – Credit Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014

Figure 21: Indonesia – Credit Cards Issuers’ Market Share in Terms of Transaction Value (%), 2014

Figure 22: Indonesia – Credit Cards Issuers’ Market Share in Terms of Outstanding Balance (%), 2014

Figure 23: Indonesia – Growth in Charge Card Transaction Values and Number of Charge Cards in Circulation, 2010–2019

Figure 24: Indonesia – Charge Card Transaction Volumes and Values by Channel, 2010–2019

Figure 25: Indonesia – Charge Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Values (%), 2014

Figure 26: Indonesia – Number of Commercial Cards in Circulation and Transaction Value, 2010–2019

Figure 27: Indonesia – Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2010 and 2014

Figure 28: Indonesia – Number of Prepaid Cards in Circulation and Transaction Value, 2010–2019

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