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

More News From redshiftdaily.com

Volcanic blast reshaped summit of Indonesia's Mount Sinabung

Feb 20, 2018

JAKARTA, Indonesia — The eruption of Indonesia's Mount Sinabung that shot ash 5 kilometers (3 miles) high also "annihilated" the mountain's summit. Before and after images from Indonesia's Center for Volcanology and Geological Hazard Mitigation show an enormous chunk missing from the peak. Volcanologist Devy Kamil Syahbana said the chunk, known as the "lava dome," had a volume of at least 1.6 million cubic meters (56.5 million cubic feet). The volcano in North Sumatra, which has been active since 2010, erupted explosively on Monday morning. Hot ash clouds rolled down its slopes, traveling as far as 4.9 kilometers from the...

Minnesota's $5 billion case over 3M chemicals heads to trial

Feb 20, 2018

MINNEAPOLIS — Minnesota officials will soon try to convince a jury that manufacturer 3M Co. should pay the state $5 billion to help clean up environmental damage that the state alleges was caused by pollutants the company dumped for decades. The long-awaited trial begins Tuesday in Minneapolis. Experts say it could have wide-reaching implications if the state succeeds, in part because 3M and other companies legally dumped the chemicals for years in and outside Minnesota. The case focuses on the company's disposal of chemicals once used to make Scotchgard fabric protector and other products. The company denies it did anything...

Minnesota's $5B case over 3M chemicals heads to trial

Feb 20, 2018

MINNEAPOLIS — Minnesota officials will soon try to convince a jury that manufacturer 3M Co. should pay the state $5 billion to help clean up environmental damage that the state alleges was caused by pollutants the company dumped for decades. The long-awaited trial begins Tuesday in Minneapolis. Experts say it could have wide-reaching implications if the state succeeds, in part because 3M and other companies legally dumped the chemicals for years in and outside Minnesota. The case focuses on the company's disposal of chemicals once used to make Scotchgard fabric protector and other products. The company denies it did anything...

Turmoil shakes up agency in charge of vast US lands

Feb 20, 2018

BILLINGS, Mont. — A year of upheaval at the U.S. Interior Department has seen dozens of senior staff members reassigned and key leadership positions left unfilled, rules considered burdensome to industry shelved, and a sweeping reorganization proposed for its 70,000 employees. The evolving status quo at the agency responsible for more than 780,000 square miles (2 million square kilometers) of public lands, mostly in the American West, has led to praise from energy and mining companies and Republicans, who welcomed the departure from perceived heavy-handed regulation under President Barack Obama. But the changes have drawn increasingly sharp criticism from conservationists,...

British judge sentences prolific pedophile to 32 years

Feb 20, 2018

LONDON — A British judge sentenced a prolific pedophile to 32 years in prison Monday in what the U.K.'s national law enforcement agency described as a watershed moment for coming to grips with technology's ability to support and spread depravity. Geophysicist Matthew Falder admitted to 137 offenses, including blackmail, voyeurism and encouraging the rape of a child. Posing as a female artist looking to do life drawings, Falder, 29, lured victims into sending him humiliating images, many of which ended up on the dark web. He approached 300 people worldwide, some of them teens advertising for babysitting or dog walking...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

RedShiftDaily was started out of fascination with mankind discoveries through peering out into the cosmos. Our team of enthusiasts are going to deliver only the best and latest progress in space technology and discovery so you too can share in the excitement.

Contact us: sales@redshiftdaily.com