DUBLIN–(BUSINESS WIRE)–The “Indonesia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend” report has been added to ResearchAndMarkets.com’s offering.
The prepaid card market (value terms) in Indonesia increased at a CAGR of 13.1% during 2017-2021. Over the forecast period of 2022 to 2026, the market is expected to record a CAGR of 9.2%, increasing from US$6.00 billion in 2022 to reach US$8.53 billion by 2026.
In Indonesia, the slow pace of credit card issuance also means that the cashless payments ecosystem will increasingly tilt in the favor of prepaid cards, also known as stored-value wallets. Historically, traditional banking players in the country have dominated the digital payment segment by offering prepaid cards to a largely unbanked population in Indonesia.
With the growing adoption of digital payments in the country, various fintech companies are either standalone or in partnerships introducing prepaid card solutions in the Indonesian market. Digital wallet providers and payments technology providers are capturing the customer base in the country with unique prepaid cards, which is providing an impetus to the growth of the overall prepaid card market in Indonesia.
Blackhawk Network partnered with Sony to launch gaming gift card in Indonesia
With the growing demand for gaming products, payment solution providers are launching gift cards to expand their market share in Indonesia.
This collaboration will provide an opportunity for Indonesian gamers to make payments via PlayStation Store Gift Card even if they do not possess any credit card or any other mode of payment.
Overseas companies are entering the Indonesian prepaid card market through partnerships
With rising demand for prepaid instruments, the Indonesian prepaid card market is getting more attractive for overseas companies to launch their services in this country.
Public transportation providers intend to integrate payments system through transit cards in Indonesia
The need for an integrated transportation system has propelled the government of various countries to adopt several initiatives. Notably, the Indonesian government has also taken steps to integrate payment systems, tariffs, and intermodal transportation routes.
The publisher expects that a single transit card for all modes of transport and payments through QR code will make the travel of the passengers very convenient, which will lead to higher adoption of these smart cards in the medium to long run.
Scope
Companies
Indonesia Digital Wallet Market Size and Forecast
Indonesia Digital Wallet Market Size and Forecast by Key Segments
Indonesia Prepaid Card Industry Market Attractiveness
Market Share Analysis by Functional Attributes – Open Loop vs. Closed Loop, 2016 – 2025
Market Share Analysis by Prepaid Card Categories
Indonesia Open Loop Prepaid Card Future Growth Dynamics, 2016 – 2025
Indonesia Closed Loop Prepaid Card Future Growth Dynamics, 2016 – 2025
Indonesia Prepaid Card Consumer Usage Trends
Indonesia General Purpose Prepaid Card Market Size and Forecast
Indonesia Gift Card Market Size and Forecast
Gift Card Market Size and Forecast by Functional Attribute
Gift Card Market Share Analysis by Retail Categories
Gift Card Market Share Analysis by Gifting Occasion
Gift Card Market Share Analysis by Purchase Location
Indonesia Entertainment and Gaming Prepaid Card Market Size and Forecast
Indonesia Teen and Campus Prepaid Card Market Size and Forecast
Teen and Campus Prepaid Card Market Size and Forecast by Functional Attribute
Indonesia Business and Administrative Expense Prepaid Card Market Size and Forecast
Indonesia Payroll Prepaid Card Market Size and Forecast
Indonesia Meal Prepaid Card Market Size and Forecast
Indonesia Travel Forex Prepaid Card Market Size and Forecast
Indonesia Transit and Tolls Prepaid Card Market Size and Forecast
Indonesia Healthcare and Wellness Prepaid Card Market Size and Forecast
Indonesia Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast
Indonesia Fuel Prepaid Cards Market Size and Forecast
Indonesia Utilities, and Other Prepaid Cards Market Size and Forecast
For more information about this report visit https://www.researchandmarkets.com/r/ljaqga
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