According to IMARC Group’s latest report, titled “Indonesia Prepaid Cards Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026”, the Indonesia prepaid cards market reached a value of around US$ 3 Biliion in 2020. 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.
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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.
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. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.
Historical, Current and Future Market Trends
Market Breakup by Card Type
Market Breakup by Purpose
Market Breakup by Vertical
Market Breakup by Region
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