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Indonesia Cards and Payments: Opportunities and Risks to 2029

Publisher GlobalData
Published Jun 13, 2025
Length 97 Pages
SKU # GBDT20168047

Description

Indonesia Cards and Payments: Opportunities and Risks to 2029

Summary

GlobalData’s ‘Indonesia Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Indonesia cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, credit transfer, direct debits, and cheques during the review-period (2021-25e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2025e-29f). 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 detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘Indonesia Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into Indonesia cards and payments industry, including -
  • Current and forecast values for each market in Indonesia cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including cards, cash, credit transfer, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing Indonesia cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the Indonesia cards and payments industry.
Key Highlights
  • In December 2021, Bank Indonesia (BI) launched the BI-FAST instant payment system, enabling real-time fund transfers between bank accounts of participating banks. In December 2024, BI introduced three new services to its instant payment system BI-FAST, which includes bulk transfers, request-to-pay services and direct debits. The bulk transfer feature allows businesses to execute payments to multiple recipients immediately, facilitating large-scale payments, such as salary distributions and payments to vendors. The second service - request for payment - enables recipients to issue payment requests directly to payers, such as invoice settlements and personal bill collections. Lastly, the direct debit feature offers automation for recurring payments.
  • Digital wallet adoption in Indonesia is gaining traction, especially QR code payments. To capitalize, BI has launched NFC-based payment solution QRIS Tap, in March 2025. This solution allows consumers to complete transactions simply by tapping their smartphones or cards on a payment terminal, without needing to scan QR codes. In its early phase, the service has been rolled out in various sectors including transportation, parking, healthcare, retail, and small- and medium-sized enterprises (SMEs). As of November 2024, the user base for this payment system had reached 55.02 million. By 2025, BI aims to expand the QRIS user base to 58 million and to have 40 million merchants accepting QRIS payments.​
  • BNPL services are on the rise; driven by a sizable population of tech-savvy millennials and Gen Z users who are more inclined to adopt new payment methods. In response to this trend, Indonesia’s largest digital ecosystem, GoTo Group has partnered with the social media platform TikTok to offer the BNPL product GoPay Later on TikTok’s ShopTokopedia in July 2024. The BNPL tool includes credit limit up to IDR10 million ($630.65) and flexible payment periods of one, three, six, and 12 months, with no minimum transaction requirements.​
Scope
  • Card market size in terms of number of cards, value and volume of transactions in Indonesia along with detailed card segmentation of debit, credit and charge cards available in the country.
  • Market sizing and analysis of major payment instruments including cards, cash, credit transfer, direct debits, and cheques.
  • Payment market trends and growth for both historical and forecast period
  • Competitor analysis with detailed insights into leading card issuers and schemes.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to Indonesia cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in Indonesia cards and payments industry.
  • Assess the competitive dynamics in Indonesia cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Indonesia.
  • Gain insights into key regulations governing the Indonesia cards and payments industry.

Table of Contents

97 Pages
  • Executive Summary
    • Indonesia: Key facts, 2025e
    • Indonesia: Benchmarking of payment cards, 2025e
    • Instant Payments
    • Payment Cards: Market Sizing and Forecasting
    • Payment Cards: Market by Product and Service Type
    • Debit Cards: Market Sizing and Forecasting
    • Debit Cards: Schemes
    • Debit Cards: Issuers
    • Credit and Charge Cards: Market Sizing and Forecasting
    • Credit and Charge Cards: Schemes
    • Credit and Charge Cards: Issuers
    • Credit Card Debt
    • Prepaid Cards: Market Sizing and Forecasting
    • Contactless Cards: Card Holding
    • Merchant Processing
    • Retail: Market Sizing and Forecasting
    • Ecommerce: Market Sizing and Forecasting
    • Ecommerce: Market by Products and Services
    • Ecommerce: Market by Payment Tool
    • In-Store Payments: Market by Payment Tools
    • In-Store Payments: Market by Products and Services
    • Buy Now Pay Later: Online Purchasing
    • Mobile Proximity Payments
  • P2P Payments
  • Bill Payments
    • Alternative Payments: Payment Solutions
  • Payment Innovations
  • Job Analysis
    • POS Terminals and ATMs
    • Regulatory Environment
    • Indonesia: payment instrument transaction values (IDR trillions), 2021-29f
    • Indonesia: payment instrument transaction values ($ billions), 2021-29f
    • Indonesia: payment instrument transaction volumes (millions), 2021-29f
    • Indonesia: payment cards in circulation by type (millions), 2021-29f
    • Indonesia: volume of payment card transactions (millions), 2021-29f
    • Indonesia: value of payment card transactions (IDR trillions), 2021-29f
    • Indonesia: value of payment card transactions ($ billions), 2021-29f
    • Indonesia: debit cards in circulation (millions), 2021-29f
    • Indonesia: debit card transaction volumes, 2021-29f
    • Indonesia: debit card transaction values (IDR), 2021-29f
    • Indonesia: debit card transaction values ($), 2021-29f
    • Indonesia: debit cards in circulation by scheme (millions), 2021-25e
    • Indonesia: debit card transaction values by scheme (IDR trillions), 2021-25e
    • Indonesia: debit card transaction values by scheme ($ billions), 2021-25e
    • Indonesia: debit cards in circulation by issuer (millions), 2021-25e
    • Indonesia: debit cards transaction value by issuer (IDR trillions), 2021-25e
    • Indonesia: debit cards transaction value by issuer ($ billions), 2021-25e
    • Indonesia: credit and charge cards in circulation (millions), 2021-29f
    • Indonesia: credit and charge card transaction volumes, 2021-29f
    • Indonesia: credit and charge card transaction values (IDR), 2021-29f
    • Indonesia: credit and charge card transaction values ($), 2021-29f
    • Indonesia: credit and charge cards in circulation by scheme (millions), 2021-25e
    • Indonesia: credit and charge card transaction values by scheme (IDR trillions), 2021-25e
    • Indonesia: credit and charge card transaction values by scheme ($ billions), 2021-25e
    • Indonesia: credit and charge cards in circulation by issuer (000s), 2021-25e
    • Indonesia: credit and charge cards transaction value by issuer (IDR trillions), 2021-25e
    • Indonesia: credit and charge cards transaction value by issuer ($ billions), 2021-25e
    • Indonesia: credit cards in circulation (millions), 2021-29f
    • Indonesia: credit card transaction volumes, 2021-29f
    • Indonesia: credit card transaction values (IDR), 2021-29f
    • Indonesia: credit card transaction values ($), 2021-29f
    • Indonesia: credit cards in circulation by scheme (millions), 2021-25e
    • Indonesia: credit card transaction values by scheme (IDR trillions), 2021-25e
    • Indonesia: credit card transaction values by scheme ($ billions), 2021-25e
    • Indonesia: charge cards in circulation (000s), 2021-29f
    • Indonesia: charge card transaction volumes, 2021-29f
    • Indonesia: charge card transaction values (IDR), 2021-29f
    • Indonesia: charge card transaction values ($), 2021-29f
    • Indonesia: charge cards in circulation by scheme (000s), 2021-25e
    • Indonesia: charge card transaction values by scheme (IDR billions), 2021-25e
    • Indonesia: prepaid card transaction values (IDR trillions), 2021-29f
    • Indonesia: prepaid card transaction values ($ billions), 2021-29f
    • Indonesia: prepaid cards in circulation (millions), 2021-29f
    • Indonesia: charge card transaction values by scheme ($ millions), 2021-25e
    • Indonesia: merchant acquiring transaction values (IDR trillions), 2021-29f
    • Indonesia: merchant acquiring transaction values ($ billions), 2021-29f
    • Indonesia: merchant acquiring transaction volumes (billions), 2021-29f
    • Indonesia: acquirers' transaction volumes (millions), 2021-25e
    • Indonesia: acquirers' transaction values (IDR trillions), 2021-25e
    • Indonesia: acquirers' transaction values ($ billions), 2021-25e
    • Indonesia: retail outlets and card-accepting merchants (millions), 2021-29f
    • Indonesia: debit card merchant service charge and interchange fee (%), 2021-29f
    • Indonesia: credit and charge card merchant service charge and interchange fee (%), 2021-29f
    • Indonesia: debit card average interchange fees (%), 2021-25e
    • Indonesia: credit and charge card average interchange fees (%), 2021-25e
    • Indonesia: retail market by product categories (IDR trillions), 2020-29f
    • Indonesia: retail market by product categories ($ billions), 2020-29f
    • Indonesia: retail market by service categories (IDR trillions), 2020-24
    • Indonesia: retail market by service categories ($ billions), 2020-24
    • Survey sample across countries

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