Find out Why Cards and Payments Market Is Booming ? key players: CIMB Niaga, Bank Mega, Visa, Mastercard

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Consequently, Visa launched its contactless service Visa payWave in Indonesia in September 2016. This service enables Visa card holders to make contactless transactions without a PIN for transactions below $74.0 (IDR1m).

A new research document with title 'The Cards and Payments Industry in Indonesia: Emerging trends and opportunities to 2021’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as CIMB Niaga, Bank Mega, Visa, Mastercard, American Express, JCB The report will help user gain market insights, future trends and growth prospects for forecast period of 2016-21

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HTF ""The Cards and Payments Industry in Indonesia: Emerging trends and opportunities to 2021"", report provides detailed analysis of market trends in the Indonesian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cheques, and payment cards during the review-period (2012-16).

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 (2017e-21f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together HTF 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 and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into the Indonesian cards and payments industry, including -
- Current and forecast values for each market in the Indonesian cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including cash, cheques, and payment cards. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis and payment methods.
- Analysis of various market drivers and regulations governing the Indonesian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope

- Bank Indonesia, the country’s central bank, is enhancing the security of payment systems in order to build customer confidence in payment cards. In this regard, the government 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.
- Up until February 2016, the e-commerce market was in the government’s “Negative Investment” list - and thereby foreign investors were not allowed to invest in local companies or set up a business. To boost investment in the domestic e-commerce market, the government introduced a new foreign direct investment policy in February 2016 allowing 100% foreign ownership of e-commerce companies for investments over $7.4m (IDR100bn), while for investments between $740,000 (IDR10bn) and $7.4m (IDR100bn), foreign ownership was capped at 49%. However, the former regulation was later revised in May 2016 to limit foreign ownership up to 49% in e-commerce companies.

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- Consumers in Indonesia are gradually adopting contactless payments. Consequently, Visa launched its contactless service Visa payWave in Indonesia in September 2016. This service enables Visa card holders to make contactless transactions without a PIN for transactions below $74.0 (IDR1m). Following this, Bank CIMB Niaga, Bank Tabungan Pensiunan Negara, UOB Indonesia, and Bank Mandiri adopted this technology.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Indonesian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Indonesian cards and payments industry.
- Assess the competitive dynamics in the Indonesian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Indonesia.
- Gain insights into key regulations governing the Indonesian cards and payments industry.

Companies Mentioned in the Report

Bank Rakyat Indonesia
Bank Negara Indonesia
Bank Central Asia
Bank Mandiri
Bank Danamon
CIMB Niaga
Bank Mega
Visa
Mastercard
American Express
JCB
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/633923-the-cards-and-payments-industry-in-indonesia


Table of Contents
EXECUTIVE SUMMARY 2
1.1. Market overview 2
1.3. Key facts 4
1.4. Top five industry events 5
2. PAYMENT INSTRUMENTS 11
2.1. Current payment environment 11
3. E-COMMERCE AND ALTERNATIVE PAYMENTS 13
3.1. E-commerce market analysis 13
3.3. Alternative payment solutions 15
3.3.1. PayPal 15
3.3.2. Sakuku 15


3.3.3. Mandiri e-Cash 15
3.3.4. Straight2Bank 16
3.3.5. Dompetku 16
3.3.6. XL-Tunai 16
3.3.7. TCASH 16
3.3.8. mVisa 17
3.3.9. DOKU 17
3.3.10. Fortumo 17
3.3.11. BBM Money 17
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 18
4.1. Regulatory framework 18
4.1.1. Regulations related to card issuers 18
4.1.2. Regulations related to credit cards 18
4.1.3. Electronic banking regulations 19

....Continued



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