Financial Cards and Payments in Indonesia


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Financial Cards and Payments in Indonesia

The Indonesian financial cards and payments market has inevitably been deeply affected by the COVID-19 crisis, with many categories relying heavily on normal social and economic activity and public mobility. Government efforts to curb the spread of COVID-19 and the related economic uncertainty have severely curtailed opportunities for spending and led consumers to focus on essential products and services. 2021 looked to be seeing a significant improvement in market conditions as restrictions wer...

Euromonitor International's Financial Cards and Payments in Indonesia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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* Get a detailed picture of the Financial Cards and Payments market;
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Financial Cards and Payments in Indonesia
Euromonitor International
November 2021
List Of Contents And Tables
FINANCIAL CARDS AND PAYMENTS IN INDONESIA
EXECUTIVE SUMMARY
Financial cards and payments in 2021: The big picture
2021 key trends
Acceleration towards digital as players forced to provide innovative and up-to-date solutions
Pay later is not competing against credit cards, but it is creating a new market
Banks and fintech collaborate to compete for the digital market
What next for financial cards and payments?
MARKET INDICATORS
Table 1 Number of POS Terminals: Units 2016-2021
Table 2 Number of ATMs: Units 2016-2021
Table 3 Value Lost to Fraud 2016-2021
Table 4 Card Expenditure by Location 2021
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
Table 6 Domestic versus Foreign Spend 2021
MARKET DATA
Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
Table 8 Financial Cards by Category: Number of Accounts 2016-2021
Table 9 Financial Cards Transactions by Category: Value 2016-2021
Table 10 Financial Cards by Category: Number of Transactions 2016-2021
Table 11 Consumer Payments by Category: Value 2016-2021
Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
Table 13 M-Commerce by Category: Value 2016-2021
Table 14 M-Commerce by Category: % Value Growth 2016-2021
Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
Table 16 Financial Cards: Number of Cards by Operator 2016-2020
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
Table 23 Forecast Consumer Payments by Category: Value 2021-2026
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
Table 25 Forecast M-Commerce by Category: Value 2021-2026
Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
DEBIT CARDS IN INDONESIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Penetration of GPN continues
Arrival of online debit cards influencing competitive landscape
VISA, Mastercard and GPN are currently the leading operators in the debit card category
PROSPECTS AND OPPORTUNITIES
ALTO collaborates with Visa to facilitate debit card processing domestically in Indonesia
BNI continues to improve its debit card portfolio by equipping its GPN debit cards with e-commerce transaction capabilities
Collaboration with “healthtech” (digital health service providers) strategically promotes growth for players during pandemic
CATEGORY DATA
Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
Table 28 Debit Cards Transactions 2016-2021
Table 29 Debit Cards in Circulation: % Growth 2016-2021
Table 30 Debit Cards Transactions: % Growth 2016-2021
Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
Table 32 Debit Cards: Number of Cards by Operator 2016-2020
Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
Table 36 Forecast Debit Cards Transactions 2021-2026
Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026
CREDIT CARDS IN INDONESIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pay later services contribute to decline in credit card transactions
Government works to drive recovery in credit card transactions
Mastercard challenging Visa
PROSPECTS AND OPPORTUNITIES
Shifting consumer behaviour and fintech players’ efforts to accommodate the changes create significant potential for pay later services
Digitalisation is key to improvements in performance during the COVID-19 crisis
Mandiri’s Power Bill feature brings automated billing transaction payments to its credit card
CATEGORY DATA
Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
Table 40 Credit Cards Transactions 2016-2021
Table 41 Credit Cards in Circulation: % Growth 2016-2021
Table 42 Credit Cards Transactions: % Growth 2016-2021
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
Table 44 Commercial Credit Cards Transactions 2016-2021
Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
Table 48 Personal Credit Cards Transactions 2016-2021
Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
Table 52 Credit Cards: Number of Cards by Operator 2016-2020
Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
Table 64 Forecast Credit Cards Transactions 2021-2026
Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
Table 72 Forecast Personal Credit Cards Transactions 2021-2026
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026
CHARGE CARDS IN INDONESIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Decline in charge card usage due to shifts in behaviour resulting from COVID-19
Character of charge cards unsuited to pandemic conditions
Pay later services have similarities with charge cards while offering more benefits
PROSPECTS AND OPPORTUNITIES
Developments in fintech may threaten charge cards category
Ongoing impact of COVID-19 crisis
Commercial charge cards could suffer as companies look for cost-cutting measures
CATEGORY DATA
Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
Table 76 Charge Cards Transactions 2016-2021
Table 77 Charge Cards in Circulation: % Growth 2016-2021
Table 78 Charge Cards Transactions: % Growth 2016-2021
Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
Table 80 Commercial Charge Cards Transactions 2016-2021
Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
Table 83 Personal Charge Cards: Number of Cards in Circulation 2016-2021
Table 84 Personal Charge Cards Transactions 2016-2021
Table 85 Personal Charge Cards in Circulation: % Growth 2016-2021
Table 86 Personal Charge Cards Transactions: % Growth 2016-2021
Table 87 Charge Cards: Number of Cards by Issuer 2016-2020
Table 88 Charge Cards: Number of Cards by Operator 2016-2020
Table 89 Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 90 Charge Cards Payment Transaction Value by Operator 2016-2020
Table 91 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
Table 92 Commercial Charge Cards: Number of Cards by Operator 2016-2020
Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
Table 95 Personal Charge Cards: Number of Cards by Issuer 2016-2020
Table 96 Personal Charge Cards: Number of Cards by Operator 2016-2020
Table 97 Personal Charge Cards Transaction Value by Issuer 2016-2020
Table 98 Personal Charge Cards Transaction Value by Operator 2016-2020
Table 99 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
Table 100 Forecast Charge Cards Transactions 2021-2026
Table 101 Forecast Charge Cards in Circulation: % Growth 2021-2026
Table 102 Forecast Charge Cards Transactions: % Growth 2021-2026
Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
Table 104 Forecast Commercial Charge Cards Transactions 2021-2026
Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
Table 108 Forecast Personal Charge Cards Transactions 2021-2026
Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
Table 110 Forecast Personal Charge Cards Transactions: % Growth 2021-2026
PRE-PAID CARDS IN INDONESIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pre-paid card transactions heavily reliant on population mobility
Government begins to implement MDR on pre-paid cards
Expansion of focus into other essential sectors
PROSPECTS AND OPPORTUNITIES
Expansion of partnership and adding convenience-orientated features/facilities to promote growth
Expanding acceptance through digital channels helps to strengthen the brand
Open loop pre-paid cards to outperform closed loop options
CATEGORY DATA
Table 111 Pre-paid Cards: Number of Cards in Circulation 2016-2021
Table 112 Pre-paid Cards Transactions 2016-2021
Table 113 Pre-paid Cards in Circulation: % Growth 2016-2021
Table 114 Pre-paid Cards Transactions: % Growth 2016-2021
Table 115 Closed Loop Pre-paid Cards Transactions 2016-2021
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 117 Open Loop Pre-paid Cards Transactions 2016-2021
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 119 Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 120 Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 121 Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 122 Pre-paid Cards Transaction Value by Operator 2016-2020
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
Table 132 Forecast Pre-paid Cards Transactions 2021-2026
Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
Table 134 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
Table 137 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026
STORE CARDS IN INDONESIA
2021 DEVELOPMENTS

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