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Indonesia Cards and Payments Market 2019, Bank BRI, BNI, BCA, Bank Mandiri, CIMB Niaga, Bank Mega,

01-03-2019 05:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orbis Research

Indonesia Cards and Payments

Indonesia Cards and Payments

"Indonesia Cards And Payments Market" report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payments options in online trade and significant government frameworks impacting the overall payment cards market of Indonesia.

Request a Sample of this Report@ https://www.orbisresearch.com/contacts/request-sample/2457357

Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Indonesia.

Key Statistics:

Existing and future values of debit cards, charge and credit cards, and others in every market of the payment cards industry of Indonesia.
Information on the alternative payment options of the country, including the highlights of existing instruments like credit transfers, cheques, direct debit and cash payments.
Future prospects of online sales market in the country, along with focus on different growth drivers and government regulations in the cards and payment industry of the country.
Various marketing strategies of banking and financial institutions for promoting their payment cards.
Indonesia Cards and Payments Market – Recent Developments:

In December 2017, the central bank of India launched the National Payment Gateway (NPG) to promote the cashless payments among its population. This new gateway supports the change of domestic payments by providing a conjunction, creating an integrated payment system. It also supports payment cards on the other bank devices and improves safety by keeping the transaction data of users secured. This initiative helped in declining the payment cards discount rate from 2-3% to 1%. Additionally, debit cards with a national logo have also been launched by the government for any local payments.

Supporting its e-money regulation, Bank Indonesia has approved 20/6/PBI/2018 regulation on May 7, 2018, which mandated the receipt of a license from the central bank to perform any activities related to e-money. However, the closed-loop e-money providers with rotating funds of less than IDR 1 billion, does not fit into this licensing regulation. Related to deposits, unregistered users are having a limit up to IDR 2 million, where the registered have IDR 10 million. The maximum value for e-money transactions was restricted to IDR 20 million. IDR 3 billion was set as the minimum capital needed for e-money users that can be increased to IDR 10 billion, based on the issuer maintained floating funds.

The electronic payments in Indonesia are expected to witness rapid growth with the advent of mobile-only banks. Digibank, a mobile-only bank introduced by DBS bank of Singapore in August 2017, allows customers to open bank accounts by giving their biometric scans. This service enables the customer to monitor their transactions, transfer money and withdraw cash without any administration fees. Similarly, United Overseas Bank (UOB) confirmed its plans to introduce its own digital bank in the country on August 2018. The bank plans to offer two different services, where one will be the digital bank app for Gen Z and millennials, while the other included upgraded services to baby boomers

Indonesia Cards and Payments Market – Key Highlights:

The migration of payment cards to secure EMV chip cards and the use of six-digit PIns in the place of the four-digit PIN for debit cards and credit cards as the government mandate to increase the security of using payment cards under the supervision of Bank Indonesia.

Contactless payments are slowly gaining prominence in the market with the introduction of Visa PayWave allowing customers to make transactions up to IDR 1 million ($74) without the PIN. Other banks like Bank CIMB Niaga, Bank Tabungan Pensiunan Negara, UOB Indonesia, and Bank Mandiri also adopted this technology.

Mobile payments are rising in the country, and several domestic banks are launching their own mobile applications. For instance, Sakuku mobile wallet by Bank Central Asia, Straight2Bank wallet by Standard Chartered and Rekening Ponselc mobile wallet by CIMB Niaga Bank.

List of Companies mentioned in this report are:

• Bank BRI
• BNI
• BCA
• Bank Mandiri
• CIMB Niaga
• Bank Mega

To make an enquiry on report@ https://www.orbisresearch.com/contacts/enquiry-before-buying/2457357

Some Point from Table of Content:

Definitions
Research Methodology
Research Process
Market Sizing
Competitor Analysis
Market Forecasting
Quality Control Process
Executive Summary
Industry Benchmarking
Market Attractiveness
Industry Enablers
Emerging Payment Technologies
Growing E-commerce Market
E-commerce Mix by Payment Method
EMV Migration
Contactless Cards
Regulatory Framework
Key Industry Events
Merchant Acquiring Business Overview
Business Overview & Key Operators
Regulatory Framework
Technological Changes
Market Segmentation
Cards for Students
Cards for Travelers
Cards for High-income Customers
Cards for Frequent Shoppers
Market Sizing
Debit Cards Market Overview
Scheme Providers
Key Issuers
Pay Later Cards Market Overview
Scheme Providers
Key Issuers
Payment Terminals Market
Payment Instruments Market
Key Operators in the Market
Bank BRI
Company Snapshot
SWOT Analysis
Cards Portfolio
BNI
Company Snapshot
SWOT Analysis
Cards Portfolio
BCA

Browse full report@ https://www.orbisresearch.com/reports/index/indonesia-cards-and-payments-market-by-cards-debit-cards-credit-cards-prepaid-cards-by-payment-terminals-pos-and-atms-by-payment-instruments-transaction-value-volumes-historical-trends-analysis-and-forecasts-2018-2022

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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