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

Gains by banks, technology firms lead US stocks higher

Oct 23, 2017

Technology companies and banks led U.S. stocks higher in late-afternoon trading Friday, placing the market on course to extend its gains for the week. Investors cheered a crop of strong company earnings. They also drew encouragement from the Senate's passage of a budget bill, a move expected to ease the path for the White House's tax cut proposal. Consumer products companies lagged the most. KEEPING SCORE: The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,573 as of 3:10 p.m. Eastern time. The Dow Jones industrial average gained 130 points, or 0.6 percent, to 23,293. The...

Google parent leads $1B Lyft investment, deepening Uber rift

Oct 23, 2017

SAN FRANCISCO — Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Alphabet Inc., which gets most of its money from Google's digital ad network, is leading a $1 billion investment in Lyft that values the privately held company at $11 billion. The investment announced Thursday is being made through Alphabet's CapitalG venture capital arm. Lyft is still far smaller and worth far less than Uber, another privately held company based in San Francisco whose investors have valued it at nearly $70 billion. But Uber has been enmeshed in internal...

Coming soon: a selfie with your credit card application

Oct 23, 2017

NEW YORK — The selfie is everywhere — Facebook, Instagram, Twitter — and soon your bank could be asking for one in order to approve your purchase or credit card application. Payment processing giant Visa Inc. is launching a platform to allow banks to integrate various types of biometrics — your fingerprint, face, voice, etc. — into approving credit card applications and payments. Consumers could experience Visa's new platform in a couple different ways. If a person were to apply for a credit card application on their smartphone, the bank app could ask the applicant to take a selfie and...

Toyota tops Consumer Reports' auto reliability rankings

Oct 23, 2017

DETROIT — Toyota Motor Co. is continuing its reign at the top of Consumer Reports' reliability rankings, a reward for its conservative approach to new technology. The Toyota brand came in first in this year's rankings, followed by the company's luxury Lexus brand. It's the fifth year in a row that a Toyota brand has topped the survey. Kia, Audi and BMW rounded out the top five. Cadillac, GMC, Ram, Dodge and Volvo got the poorest reliability scores, dinged by buyers' problems with their infotainment systems and transmissions. Consumer Reports predicts reliability of 2018 vehicles based on a survey of...

Lawsuit: Bighorn sheep threatened by domestic sheep grazing

Oct 23, 2017

BOISE, Idaho — The U.S. Forest Service is illegally jeopardizing a small herd of bighorn sheep with deadly diseases by allowing thousands of domestic sheep to graze in eastern Idaho as part of agricultural research activities, environmental groups have said in a lawsuit. Western Watersheds Project and WildEarth Guardians in the lawsuit filed Tuesday contend the grazing of sheep owned by the University of Idaho via permits issued to the U.S. Department of Agriculture's Sheep Experiment Station risks transmitting diseases to bighorn sheep. "It's unjustifiable for the U.S. Department of Agriculture and the University of Idaho to expose wild bighorn...

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