Indonesia Payments Infrastructure Market Introduction and Overview
According to SPER Market Research, the Indonesia Payments Infrastructure Market is estimated to reach USD XX billion by 2033 with a CAGR of 17.2%.
The report includes an in-depth analysis of the Indonesia Payments Infrastructure Market, including market size and trends, product mix, Payment Methods, and supplier analysis. The underlying framework and technologies that provide money transfers between people, companies, and financial institutions are referred to as payments infrastructure. Payment gateways, mobile payment applications, point-of-sale (POS) terminals, digital wallets, and online banking systems are just a few of the parts it includes. These infrastructure components make it easier to handle payments securely, quickly, and conveniently, increasing the overall effectiveness of financial transactions.
- March 2021 - Xendit, a supplier of digital payment infrastructure in Southeast Asia, raised USD 64.6 million. The API-based platform of Indonesian company Xendit is used by companies large and small, like Transferwise and Grab, to process payments, operate markets, pay employees, and identify fraud.
- March 2021 - The IM10, a new unattended payment device from PAX Technology, will promote the use of QR codes and contactless payments in any touchless environment. The IM10, an all-in-one payment device with a small footprint, is the most recent member of the IM Series.
Market Opportunities and Challenges
Opportunities:
- Untapped Rural Market: For providers of payments infrastructure, Indonesia's rural population represents a sizable untapped market. Companies can tap into this market sector by providing accessible and user-friendly payment alternatives, focused activities, and customised solutions.
- Collaboration with Financial Organisations: To take advantage of their current clientele and infrastructure, payment service providers can work together with banks and other financial organisations. Partnerships can make it possible for payment systems to be seamlessly integrated, thereby extending the reach and usefulness of digital payments.
Challenges:
- Limited Digital Literacy: Despite the quick expansion of digital payments, a sizable chunk of Indonesians still lack basic digital literacy abilities. Widespread adoption is made difficult by the fact that customers must be made aware of and educated about new payment technologies before they will accept and utilise them.
- Infrastructure Issues: Indonesia's extensive geographic range poses infrastructure issues for efficient payment processing, particularly in distant locations. The implementation of digital payments is hampered by poor payment infrastructure and limited internet availability in some areas.
Market Competitive Landscape
The market for payments infrastructure in Indonesia is modestly concentrated. The market under study has a healthy number of competitors, which results in a moderate level of competitive competition. Although there are many players in the industry under investigation, businesses must continue to innovate their offerings to differentiate their goods from those of their competitors and maintain a sustainable competitive advantage. Some of the major players in the Indonesia payments infrastructure market are: Centerm, Edgeworks Solutions Pte Ltd, Equip POS (HashMicro Pte Ltd), GHL Indonesia (GHL Systems Bhd), Ingenico, Inti Prima Mandiri Utama (iPaymu), Moka POS (Go-Jek), Olsera.com, Pawoon Indonesia, Pax Technology, PT Cashlez Worldwide Indonesia, PT Jalin Pembayaran Nusantara, PT. indopay merchant services, Xendit, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Payment Method
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| Regions covered | Java, Kalimantan, Sulawesi, Sumatra, Others
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| Companies Covered | Centerm, Edgeworks Solutions Pte Ltd, Equip POS (HashMicro Pte Ltd), GHL Indonesia (GHL Systems Bhd), Ingenico, Inti Prima Mandiri Utama (iPaymu), Moka POS (Go-Jek), Olsera.com, Pawoon Indonesia, Pax Technology, PT Cashlez Worldwide Indonesia, PT Jalin Pembayaran Nusantara, PT. indopay merchant services, Xendit, Others
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COVID-19 Impact on Indonesia Payments Infrastructure Market
The Indonesian Payments Infrastructure Market has been significantly impacted by the COVID-19 epidemic. Since consumers seek contactless payment solutions to reduce the danger of viral transmission, the pandemic and its restrictions have pushed the adoption of digital payments. E-commerce saw a rise in demand as physical retail establishments faced closures and restrictions. To facilitate online transactions, a strong payment infrastructure is now even more necessary. To assist businesses impacted by the pandemic, the Indonesian government developed stimulus packages and policies. These policies included incentives to adopt digital payments as well as subsidies for digital transactions. Online shopping and contactless payments have become more popular among consumers as a result of the pandemic-induced lockdowns and social isolation measures. On payment preferences, this change is anticipated to have a long-lasting effect.
Key Target Audience
- E-commerce Platforms
- Financial Institutions
- Fintech Companies
- Investors and Venture Capitalists
- Payment Network Operators
- Payment Service Providers (PSPs)
- Security Solutions Providers
- Technology Providers
- Others
Our in-depth analysis of the Indonesia Payments Infrastructure Market includes the following segments:
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By Type:
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Payment Gateways
Point of Sale (POS) Terminals
Others
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By Payment Method:
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Credit/Debit Card
E-wallets
Others
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Key Topics Covered in the Report
- Indonesia Payments Infrastructure Market Size (FY’2023-FY’2033)
- Overview of Indonesia Payments Infrastructure Market
- Segmentation of Indonesia Payments Infrastructure Market By Type (Payment Gateways, Point of Sale (POS) Terminals, Others)
- Segmentation of Indonesia Payments Infrastructure Market By Payment Method (Credit/Debit Card, E-wallets, Others)
- Statistical Snap of Indonesia Payments Infrastructure Market
- Expansion Analysis of Indonesia Payments Infrastructure Market
- Problems and Obstacles in Indonesia Payments Infrastructure Market
- Competitive Landscape in the Indonesia Payments Infrastructure Market
- Impact of COVID-19 and Demonetization on Indonesia Payments Infrastructure Market
- Details on Current Investment in Indonesia Payments Infrastructure Market
- Competitive Analysis of Indonesia Payments Infrastructure Market
- Prominent Players in the Indonesia Payments Infrastructure Market
- SWOT Analysis of Indonesia Payments Infrastructure Market
- Indonesia Payments Infrastructure Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Indonesia Payments Infrastructure Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Indonesia Payments Infrastructure Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Indonesia Payments Infrastructure Market
7. Indonesia Payments Infrastructure Market, By Type (USD Million)
7.1. Indonesia Payments Infrastructure Market Value Share and Forecast, By Type, 2023-2033
7.2. Payment Gateways
7.3. Point of Sale (POS) Terminals
7.4. Others
8. Indonesia Payments Infrastructure Market, By Payment Method (USD Million)
8.1. Indonesia Payments Infrastructure Market Value Share and Forecast, By Payment Method, 2023-2033
8.2. Credit/Debit Card
8.3. E-wallets
8.4. Others
9. Indonesia Payments Infrastructure Market Forecast, 2019-2033 (USD Million)
9.1. Indonesia Payments Infrastructure Market Size and Market Share
10. Indonesia Payments Infrastructure Market, By Type, 2019-2033 (USD Million)
10.1. Indonesia Payments Infrastructure Market Size and Market Share By Type (2019-2026)
10.2. Indonesia Payments Infrastructure Market Size and Market Share By Type (2027-2033)
11. Indonesia Payments Infrastructure Market, By Payment Method, 2019-2033 (USD Million)
11.1. Indonesia Payments Infrastructure Market Size and Market Share By Payment Method (2019-2026)
11.2. Indonesia Payments Infrastructure Market Size and Market Share By Payment Method (2027-2033)
12. Indonesia Payments Infrastructure Market, By Region, 2019-2033 (USD Million)
12.1. Indonesia Payments Infrastructure Market Size and Market Share By Region (2019-2026)
12.2. Indonesia Payments Infrastructure Market Size and Market Share By Region (2027-2033)
12.3. Java
12.4. Kalimantan
12.5. Sulawesi
12.6. Sumatra
12.7. Others
13. Company Profile
13.1. Centerm
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Edgeworks Solutions Pte Ltd
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Equip POS (HashMicro Pte Ltd)
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. GHL Indonesia (GHL Systems Bhd)
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Ingenico
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Inti Prima Mandiri Utama (iPaymu)
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Moka POS (Go-Jek)
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Olsera.com
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Pawoon Indonesia
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Pax Technology
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. PT Cashlez Worldwide Indonesia
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. PT Jalin Pembayaran Nusantara13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Xendit
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
