According to IMARC Group’s latest report, titled “Indonesia Prepaid Cards Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the Indonesia prepaid cards market reached a value of US$ 22.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 59.1 Billion by 2027, exhibiting at a CAGR of 17.8% during 2022-2027.
Prepaid cards, or stored-value cards, are a type of credit card that deploy preloaded transaction funds. They are available on various stores and online platforms in different variants, such as open-loop and closed-loop.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The Indonesia prepaid cards market is majorly being driven by the various initiatives undertaken by the Government of Indonesia through several projects and schemes, such as the cashless toll road scheme in 2017. Moreover, the widespread adoption of point of service (POS), ATM facilities and EDC terminals and the rising consumer inclination towards prepaid cards are propelling the market growth. Additionally, the accelerating penetration of smartphones, rising internet penetration and the growth of the e-commerce industry are propelling the market growth. Additionally, the rising utilization of prepaid cards in different verticals, such as corporates, business, retail and government organizations, are creating a positive outlook for the market across Indonesia.
Indonesia Prepaid Cards Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Mandiri Bank
- Bank DKI
- Bank Negara Indonesia
- Bank Central Asia
- Bank Rakyat Indonesia
- Bank BNI
Key Market Segmentation:
The report has segmented the Indonesia prepaid cards market on the basis of card type, purpose, vertical and region.
Market Breakup by Card Type
- Closed Loop Cards
- Open Loop Cards
Market Breakup by Purpose
- Transportation
- Gas/Fuel
- Food and Beverages
- Others
Market Breakup by Vertical
- Retail
- Corporate/Organization
- Government
- Others
Market Breakup by Region
- Java
- Sumatra
- Kalimantan
- Sulawesi
- Others
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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