Market is Expected to Reach $8.53 Billion by 2026 from $6.00 Billion in 2022, Recording a CAGR of 9.2%


DUBLIN, September 21, 2022 /PRNewswire/ — Added the Indonesia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude and Behaviour, Retail Spend report ResearchAndMarkets.com Offer.

For the forecast period of 2022 to 2026, the market is expected to register a CAGR of 9.2%, rising from $6.00 billion to be achieved in 2022 $8.53 billion by 2026. The prepaid card market (value conditions) in Indonesia 2017-2021 at a CAGR of 13.1%.

in the Indonesia, the slow issuance of credit cards also means that the cashless payment ecosystem is increasingly tilting in favor of prepaid cards, also known as stored value wallets. Historically, the country’s traditional banking players have dominated the digital payments segment, offering prepaid cards to a largely bankless population Indonesia.

With the increasing adoption of digital payments in the country, various fintech companies are introducing prepaid card solutions to the Indonesian market either independently or in partnerships. Digital wallet providers and payment technology providers are capturing the customer base in the country with unique prepaid cards, giving a boost to the growth of the overall prepaid card market Indonesia.

Blackhawk Network has partnered with Sony to launch gaming gift cards Indonesia

With the growing demand for gaming products, payment solution providers are launching gift cards to expand their market share in Indonesia.

  • in the November 2021Payment solution provider Blackhawk Network Indonesia, has partnered with video game and digital entertainment provider Sony Interactive Entertainment (SIE) to bring the PlayStation Store gift card to… Indonesia.
  • With the help of these gift cards, available in both physical and digital forms, players can Indonesia can purchase various games and content available on PlayStation Store.
  • The digital gift cards will be available on major Indonesian e-commerce platforms such as Tokopedia and Shopee, while physical gift cards will be available in Indomaret stores.

This collaboration offers Indonesian gamers the opportunity to make PlayStation Store gift card payments even if they don’t have a credit card or other means of payment.

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Foreign companies are entering the Indonesian prepaid card market through partnerships

With the increasing demand for prepaid instruments, the Indonesian prepaid card market becomes more attractive for foreign companies to offer their services in this country.

  • in the December 2021, Boost, an e-wallet provider and also the fintech arm of Axiata Digital, has partnered with global technology and payments provider Mastercard to offer Malaysian and Indonesian consumers a range of innovative payment solutions. The first of these solutions to hit the market will be a Mastercard prepaid card.
  • The Boost Mastercard prepaid card will enable Boost customers to transact in a safe and secure manner Indonesia and worldwide where Mastercard is accepted.
  • The partnership includes the launch of SME finance products in both countries. In particular, this will help expand the services offered to small micro-merchants through platforms such as Boost Biz and Boost Credit.
  • The company will also leverage Mastercard’s technology, which will expand its fintech and payments portfolio in the South Asian region.

Public transport providers intend to integrate the payment system via public transport cards Indonesia

The need for an integrated transport system has prompted the governments of different countries to take several initiatives. Notably, the Indonesian government has also taken steps to integrate payment systems, tariffs and intermodal transport routes.

  • in the May 2021As a first step towards integrating payments, the public transport integration program, PT Jaklingko Indonesia, had intended to have all modes of transport work together in it jakarta beginning Mid August 2021.
  • Through this program, QR code-based payments are launched via JakLingko Smart App and also JakLingko Smart Card or tickets in the form of a card.
  • Most importantly, passengers can choose the mode of transport, departure point, destination and travel cost through the app.
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The issuer expects that a single public transport card for all modes of transport and payments via QR code will make travel very convenient for passengers, which will lead to higher acceptance of these smart cards in the medium to long term.

scope

Digital wallet market size and forecast in Indonesia

  • Transaction value trend analysis
  • Trend analysis of transaction volume
  • Average value per transaction

Indonesia Digital Wallet Market size and forecast by key segments

  • Retail Shopping (Value, Volume, Average Value)
  • Travel (value, volume, average value)
  • Entertainment and Games (value, volume, average value)
  • Restaurant (value, volume, average value)
  • charging & bill payment (value, volume, average value)

Market Attractiveness of Indonesia Prepaid Card Industry

  • Charge value trend analysis
  • Transaction value trend analysis
  • Trend analysis of transaction volume
  • Average value per transaction
  • number of cards

Market Share Analysis by Functional Attributes – Open Loop vs. Closed Loop, 2017-2026

Market share analysis by prepaid card category

Future Growth Dynamics of Open-Loop Prepaid Card in Indonesia, 2017–2026

  • Transaction value trend analysis
  • Trend analysis of transaction volume
  • Average value per transaction
  • number of cards

Indonesia: Future Growth Dynamics of Closed-Loop Prepaid Card, 2017–2026

  • Transaction value trend analysis
  • Trend analysis of transaction volume
  • Average value per transaction
  • number of cards

Usage trends for prepaid cards in Indonesia

  • By age group
  • By income group
  • By gender

General purpose prepaid cards market size and forecast in Indonesia

Market size and forecast for gift cards in Indonesia

Gift Cards Market Size and Forecast by Functional Attribute

  • Via open loop gift card
  • Via closed loop gift card

Gift Cards Market size and forecast by consumer segment

  • By retail customer segment
  • By enterprise customer segment

Gift Card Market Share Analysis by Retail Category

Gift Card Market Share Analysis by Gift Occasion

Analysis of Gift Cards Market Share by Place of Purchase

Market size and forecast for prepaid cards for entertainment and gaming in Indonesia

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Market size and forecast for prepaid cards for teenagers and campuses in Indonesia

Teen and Campus Prepaid Cards Market size and forecast by feature attributes

  • Via Open Loop Teen and Campus Prepaid Card
  • Via Closed Loop Teen and Campus Prepaid Card

Market size and forecast for prepaid cards for business and administration costs in Indonesia

Prepaid Cards for Business and Management Expenses market size and forecast by consumer segment

  • By small business segments
  • By medium-sized business segment
  • By enterprise business segment
  • By government segment

Market size and forecast for prepaid payroll cards in Indonesia

Payroll Prepaid Card Market Size and Forecast by Consumer Segments

  • By small business segments
  • By medium-sized business segment
  • By enterprise business segment
  • By government segment

Market size and forecast for prepaid cards in Indonesia

Prepaid Cards Market size and forecast by consumer segment

  • By small business segments
  • By medium-sized business segment
  • By enterprise business segment
  • By government segment

Indonesia Travel Forex Prepaid Card Market Size and Forecast

Travel Forex Prepaid Card Market Size and Forecast by Consumer Segments

  • After retail
  • By small business segments
  • By medium-sized business segment
  • By enterprise business segment
  • By government segment

Market size and forecast for transit and toll prepaid cards in Indonesia

Market size and forecast for prepaid cards in healthcare and wellness in Indonesia

Market size and forecast for prepaid cards of Indonesian social security and other government benefit programs

Market size and forecast for prepaid cards in Indonesia

Market size and forecast for Indonesian utilities and other prepaid cards

For more information about this report, visit https://www.researchandmarkets.com/r/g6gvvv

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