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Indonesia Prepaid Card and Digital Wallet Market Report 2022: Market is Expected to Reach $8.53 Billion by 2026 from $6.00 Billion in 2022, Recording a CAGR of 9.2%DUBLIN, Sept. 21, 2022 /PRNewswire/ -- 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. 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. The prepaid card market (value terms) in Indonesia increased at a CAGR of 13.1% during 2017-2021. 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.
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 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, 2017 - 2026 Market Share Analysis by Prepaid Card Categories Indonesia Open Loop Prepaid Card Future Growth Dynamics, 2017 - 2026
Indonesia Closed Loop Prepaid Card Future Growth Dynamics, 2017 - 2026
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 Size and Forecast by Consumer Segments
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 Business and Administrative Expense Prepaid Card Market Size and Forecast by Consumer Segments
Indonesia Payroll Prepaid Card Market Size and Forecast Payroll Prepaid Card Market Size and Forecast by Consumer Segments
Indonesia Meal Prepaid Card Market Size and Forecast Meal Prepaid Card Market Size and Forecast by Consumer Segments
Indonesia Travel Forex Prepaid Card Market Size and Forecast Travel Forex Prepaid Card Market Size and Forecast by Consumer Segments
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/g6gvvv Media Contact: Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg SOURCE Research and Markets |