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Indonesia Domestic and International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridors

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The report titled "Indonesia Domestic and International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridors" provides a comprehensive analysis of international & domestic remittance and snapshot on bill payments market of Indonesia. The report covers market size, segmentation on the basis of remittance inbound and outbound, remittance flow corridors, remittance channel, and basis income level group. For domestic remittance market, the report covers market size, segmentation on the basis of remittance channel, basis income level group and major flow corridors. It also includes the snapshot on bill payments market in the country covering the overview, segmentation on type of bill payment, and channel of payment. The report also covers government regulations, competitive landscape and company profiles for major banking and non-banking channels in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry. The report provides detailed insights on existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in forecasted period.

Market Segmentation

Domestic Remittance Market

The domestic remittance market of Indonesia has witnessed a tremendous growth over the past few years. Rising internal migrant population both intra-regional and inter-regional owing to better job opportunities has triggered the size of the industry. During the period, 2013-2018, domestic remittance market has displayed remarkable growth at a CAGR of 5.0% in terms of transaction volume generated from personal remittance within the country.

By Bank & Non-Bank: Banks dominate the domestic remittance market compared to non-bank channels. Increasing share of non-bank channels was observed during review period as it grows with a CAGR of 6.3% during the period 2013-2018. Also, growing popularity of using digital platforms for transfers such m-wallets of Gopay and OVO m-wallet.

Competitive Landscape in Domestic Remittance Market

Indonesia domestic remittance market is moderately concentrated with the presence of multiple players including money transfer operators, banks, M-wallets and postal networks. Among banks that are operating in the domestic market, Bank Mandiri and Bank Central Asia holds a major share of the market in terms of volume of transactions carried via banks during the year 2018. The Bank Mandiri dominated domestic market in terms of volume of transactions in 2018. In Indonesia, the choice of channel varies along with the type of remittance i.e. whether it is domestic or international. Domestic remittance market is dominated by banks in terms of volume of transactions, as customers prefer banks owing to their wider accessibility and security, with experience in domestic market.

International Remittance Market Overview:

The international remittance market has showed a tremendous increase in growth rate overall, whereas; inbound market showed a major growth and slight decrease was observed in outbound segment during the year 2018. The total transaction value expanded displaying a five year CAGR of close to 8.0%. Moreover, surge in Fintech startups and government rolling out mobile payments application contributed to this development. Volume of remittance transactions increased, registering a CAGR of close to 5.0% during 2013-2018. With increasing competition between banks and non-bank channels, a decrease in commission was observed along with improve-ment in level services provided by the remittance companies during review period 2013-2018.

By Inbound & Outbound: The Indonesia International remittance market witnessed majority of its contribution from inbound remittances from Indonesia in the year 2018. Improvement in global remittance market has helped overseas Indonesian workers to find better jobs in GCC countries and ASEAN countries to remit money home through different channels.

Competitive Landscape in Indonesia International Remittance Market

Indonesia International Remittance market has been majorly dominated by inflow of remittance when compared to outflow of remittance in terms of transaction volume in 2018. International remittance market was found to be moderately concentrated with presence of both international and domestic money transfer operators and banks. Both bank and non-bank channels are actively working in the international remittance market.

Future Potential of Indonesia Remittance Market

Both domestic and international remittance market has seen an exceptional growth in the review period of 2013-2018 and is further expected to display similar growth in forecasted period of 2018-2023 along with CAGR value of 11.0% and 11.8% in terms of transaction volume respectively. The rising infrastructural & developmental activities undertaken by the government and rising business sector investment in the country are anticipated to foster growth in the domestic remittance market in the country. Also, rising mobile phone and internet penetration will propel the growth of market which will support development of Fintech and digital payments services such as M-wallets and E-money in Indonesia 

Key Segments Covered:

International Remittance Market

By Flow Type

  • Inbound
  • Outbound

By Channel

  • Bank
  • Non-Bank

By Major Flow Corridors

  • ASEAN
  • Asia Excluding ASEAN
  • Middle East
  • America
  • Europe
  • Australia & Oceania
  • Africa

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Domestic Remittance Market

By Remittance Channels

  • Banks
  • Non Banks

By Major Flow Corridors

  • Urban to Rural Areas
  • Rural to Rural Areas
  • Urban to Urban Areas

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Snapshot Bill Payment Market

By Type of Bills with Type of Families Spending

  • Very Conservative Family ( Water, Electricity, Healthcare, Others)
  • Mediocre Family (Water, Electricity, Healthcare, Digital Products, Others)

Key Target Audience:

  • Money Transfer Operators
  • Banks
  • Pawnshops
  • Bill Payment Companies
  • M-Wallets
  • Mobile Money Companies
  • Central Bank
  • Investors and PE Firms
  • Convenience Stores

Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2018-2023

Companies Covered:

Major Bank and Non- Bank Channels in Indonesia:

  • Bank Mandiri
  • Bank Central Asia
  • Bank CIMB Niaga
  • Western Union
  • MoneyGram
  • Top Remit
  • OVO m-wallet
  • GoPay
  • Western Union

Key Topics Covered in the Report

  • Indonesia Domestic Remittance Market Size (2013-2018)
  • Indonesia Bill Payments Market Snapshot (2013-2018)
  • Indonesia International Remittance Market Size (2013-2018)
  • Indonesia Remittance Market Overview
  • Indonesia Remittance Market Ecosystem
  • Indonesia Remittance and Bill payments Market Segmentation (2013-2018)
  • Trend and developments in Indonesia Remittance and Bill Payments Market
  • Competitive Landscape of Major Players in Indonesia Remittance Market including Market Shares and Strength & Weakness of the major Remittance players in Domestic and International Market
  • Future Outlook and Projections of Indonesia Domestic Remittance Market (2018-2023E)
  • Future Outlook and Projections of Indonesia International Remittance Markets (2018-2023E)
  • Analyst Recommendations

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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Table Of Content

Scope

1. Executive Summary
Macro Environment in Contact with Remittance Industry Performance
Domestic Remittance Market
International Remittance Market

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Consolidated Research Approach
Market Sizing – Indonesia Remittance Market
Variables Dependent and Independent
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion

3. Snapshot of the Global Remittance Market (Overview, Regional Trends, Comparitive Analysis of Banks, MTOs, Regional Migration)

4. Market Ecosystem (Banks, Money Transfer operators, Mobile Wallets), 2018


5. Working Model for Domestic & International Remittance Market (Work Flow, Money Transfer Institiutions,Major Entities) 2018


6. Market Size by Transaction Volume, Number of Transactions and Average Transaction Size, 2013-2018


7. Market Segmentation, 2013-2023

7.1. International Remittance Market Segmentation, 2013-2018
7.1.1. Channel of Remittance, 2013-2018
7.1.2. Major Corridors, 2013-2018
7.1.3. Income and Occupational Group, 2018
7.2. International Remittance Market Future Outlook and Projections, By Outbound and Inbound Remittance Flow, By Bank and Non-Bank Channels, 2018-2023E
7.3. Domestic Remittance Market Segmentation, 2013-2018
7.3.1. Channels used For Remittance (Bank and Non-Bank), 2013-2018
7.3.2. Income Groups (Low Level, Mid Level, Higher Level), 2018
7.3.3. Major Flow Corridors (Urban to Rural, Urban to Urban, Rural to Rural), 2018
7.4. Domestic Remittance Future Projections and Outlook, 2018-2023
By Domestic Remittance through Non-Banks and Banks, 2018-2023
By Domestic Remittance – By Income Group, 2018-2023
By Domestic Remittance – By Corridors, 2018-2023

8. Snapshot of Indonesia Bill Payments Market, 2013-2018
8.1. Indonesia Bill Payments Market, 2013-2018
Statistical Analysis of Number of card and POS terminals in Indonesia, 2013-2018
Statistical Analysis of Volume of Cashless Payments, 2013-2018
8.2. Market Segmentation of Bill Payments Market in Indonesia
8.3. Competition Scenario of Indonesia Bill Payments Market (Market Share of E-Money and Banks by Number of Trnasactions, Cost per Transactions, Major Payment Gateways,Market Share of Major Retailers , 2018

9. Snapshot of Indonesia Mobile P2P Remittance (Overview, Key Statistics, Major Retail Spend Categories, Accessibility, Speed, Low-Cost, Trust, Service Offered, Major Players, Cross-Comparison of Major E-wallets)

10. Regulatory Landscape (Licensing for Money Transfer Operators, Electronic Payment Regulations, National Payment Gateway Regulation), 2013-2018


11. Decision Making Process for Choosing Remittance Channel in Indonesia (Remittance Cost, Service Portfolio, Remittance Amount & Secure Delivery, Transfer Speed, Easy Accessibility and Anonymity), 2018

11.1. Pain Points (Cost / Price, Lack of Information and Financial Education, Documentation, Regulation, Internet Banking, E-Wallets and Payment Gateways)

12. SWOT Analysis

13. Competitive Landscape

13.1. Competition Scenario in Indonesia International Remittance Market (Overview, Market Share for Major Bank and Non-Bank Channels), 2018
13.2. Competition Scenario in Indonesia Domestic Remittance Market ( Overview, Market Share of Major Banks), 2018
13.3. Analysis and Strengths & Weakness of Top 6 players Operating in Indonesia Remittance Market (Non-Banks and Bank), 2018
13.4. Company Profiles of Major Players Operating in Indonesia Remittance Market Covering Parameter Company Overview, Business Startegy, Services Offered, Key Financials, Mode of Transfer, Restrictions, Strenghts and Recent Developments, 2018
13.4.1. Western Union
13.4.2. MoneyGram
13.4.3. OVO M-Wallet
13.4.4. Top Remit
13.4.5. GoPay
13.4.6. Bank Mandiri
13.4.7. Bank Central Asia
13.4.8. Bank CIMB Niaga

14. Trends and Developments

15. Analyst Recommendations

Disclaimer
Contact Us


List Of Figure

Figure 1-1: Market Structure for Indonesia Remittance Market, 2018
Figure 3-1: Top Ten Origin Countries for International Migrants in Million, as of Dec, 2017
Figure 5-1: Working Model of the Indonesia Domestic Remittance Market
Figure 5-2: General Working Model of the Philippines International Remittance Market
Figure 6-1: Indonesia International Remittance Market Size by Transaction Value in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 6-2: Indonesia International Remittance Market Size by Volume of Transaction in Million and Growth Rate in Percentage (%), 2013-2018
Figure 6-3: Average Transaction Size in Indonesia International Remittance Market in USD and Growth Rate in Percentage (%), 2013-2018
Figure 6-4: Indonesia Inbound and Outbound International Remittance Market Share by Transaction Value in Percentage (%), 2013-2018
Figure 6-5: Indonesia Inbound and Outbound International Remittance Market Size by Transaction Value in USD Million, 2013-2018
Figure 6-6: Indonesia Inbound and Outbound International Remittance Market Size by Transaction Volume in Million, 2013-2018
Figure 6-7: Average Transaction Size in USD and Growth Rate in Percentage of Indonesia International Outbound Remittance Market, 2013-2018
Figure 6-8: Average Transaction Size in USD and Growth Rate in Percentage of Indonesia International Inbound Remittance Market, 2013-2018
Figure 6-9: Indonesia Domestic Remittance Market Size by Value of Transactions in USD Millions and Growth Rate in Percentage (%), 2013-2018
Figure 6-10: Indonesia Domestic Remittance Market Size by Volume of Transactions in Millions and Growth Rate in Percentage (%), 2013-2018
Figure 6-11: Average Transaction Size in Indonesia Domestic Remittance Market in USD and Growth Rate in Percentage (%), 2013-2018
Figure 7-1: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in Percentage (%), 2013-2018
Figure 7-2: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Percentage (%), 2013-2018
Figure 7-3: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Percentage (%), 2013-2018
Figure 7-4: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in Percentage (%), 2013-2018
Figure 7-5: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in USD Millions, 2013-2018
Figure 7-6: Indonesia International Remittance Market Segmentation by Major Outbound Corridors on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-7: Indonesia International Remittance Market Segmentation by Major Inbound Corridors on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-8: Indonesia International Inbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in percentage, 2018
Figure 7-9: Indonesia International Outbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in percentage, 2018
Figure 7-10: Indonesia International Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2018-2023E
Figure 7-11: Indonesia International Remittance Market Future Projections on the Basis of Number of Transactions in Million and Growth Rate in Percentage (%), 2018-2023E
Figure 7-12: Average Transaction Size in USD and Growth Rate in Percentage of Indonesia International Remittance Market, 2018-2023E
Figure 7-13: Indonesia International Outbound Remittance Market Future Projections on the basis of Volume of Transactions in USD Million and Growth Rates in Percentage (%), 2018 – 2023E
Figure 7-14: Indonesia International Outbound Remittance Market Future Projections on the basis of Number of Transactions in Million and Growth Rates in Percentage (%), 2018 – 2023E
Figure 7-15: Indonesia International Inbound Remittance Market Future Projections on the basis of Volume of Transactions in USD Million and Growth Rates in Percentage (%), 2018– 2023E
Figure 7-16: Indonesia International Inbound Remittance Market Future Projections on the basis of Number of Transactions in Million and Growth Rates in Percentage (%), 2018 – 2023E
Figure 7-17: Future Distribution of Banks and Non-Banks for Outbound in Indonesia International Remittance Market on the basis of Transaction Volume in Percentage (%), 2018-2023
Figure 7-18: Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Value of Transactions in Percentage (%), 2013-2018
Figure 7-19: Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Number of Transactions in Percentage (%), 2013-2018
Figure 7-20: Share of Income groups in terms of Volume of Transactions in Percentage of total Volume of Transactions in Indonesia Domestic Remittance market, 2018
Figure 7-21: Share of Corridors in terms of Volume of Transactions in Percentage of total Volume of Transactions in Indonesia Domestic Remittance market, 2018
Figure 7-22: Indonesia Domestic Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in percentage (%), 2018-2023E
Figure 7-23: Indonesia Domestic Remittance Market Future Projections on the Basis of Number of Transaction in Million and Growth Rate in percentage (%), 2018-2023E
Figure 7-24: Future Projections of Indonesia Domestic Remittance Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in Percentage (%), 2018-2023E
Figure 7-25: Future Projections of Indonesia Domestic Remittance Market Segmentation by Corridors on the Basis of Transaction Volume in Percentage (%), 2018-2023E
Figure 8-1: Total number of Cards in the Bill Payments Market in Thousands and Growth rate in Percentage, 2013-2018
Figure 8-2: Total Number of POS Terminals in Indonesia Bill Payments Market in Thousands and Growth rate in Percentage, 2013-2018
Figure 8-3: Total Number of Cashless Payments in Indonesia Bill Payments Market in Millions and Growth rate in Percentage, 2013-2018
Figure 8-4: Number of Credit Transfer in Indonesia Cashless Bill Payments Market in Millions and Growth Rate in Percentage, 2013-2018
Figure 8-5: Number of Card and e-money Payments in Indonesia Cashless Payments Market in Millions and Growth Rate in Percentage, 2013-2018
Figure 8-6: Number of Domestic and Cross-Border Cashless Payments in Indonesia Cashless Payments Market in Millions, 2013-2018
Figure 8-7: Volume of Cashless Payments in Indonesia Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-8: Volume of Credit Transfers in Indonesia Cashless Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-9: Volume of Card and E-money Payments in Indonesia Cashless Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-10: Volume of Cheques in Indonesia Cashless Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-11: Volume of Domestic and Cross-Border Cashless Payments in Indonesia Cashless Payments Market in USD Thousands, 2013-2018
Figure 8-12: Bill Payments Market Segmentation by Type of Recurring Bills in Different Types of Indonesian Families on the basis of Amount spent per month in Percentage of total bill payments, 2018
Figure 8-13: Percentage of Different Payment Outlet types on the basis of Number of Transactions, 2018
Figure 8-14: Percentage of Bill Payments by Mode of Payments on the basis of Volume of Transactions, 2018
Figure 8-15: Major Payment Gateways in Indonesia, 2018
Figure 8-16: Market share of Major Competitors (Electronic Payment Companies and Banks) on the basis of Basket and Ticket Size in Percentage, 2018
Figure 8-17: Market Share of Major retailers on the basis of Number of Transactions, 2018
Figure 9-1: Mobile Payment User Base of Major Players on the basis of number of users in Millions, 2017
Figure 9-2: Mobile Payment User Base share of Major Players on the basis of number users in percentage of total base, 2017
Figure 14-1: Major usage of Mobile Payments for Various Services in Indonesia, 2018


List Of Table

Table 2-1: Correlation Matrix for Indonesia Remittance International Remittance Market, 2018
Table 2-2: Regression Coefficients Output for Indonesia International Remittance Market, 2018
Table 3-1: Regional Remittance Trends (East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia, Sub-Saharan Africa), 2018
Table 3-2: Comparative Analysis of Sending Money through Banks, MTOs and Mobile Money Transfer
Table 3-3: World International Migration Data in Millions
Table 4-1: Indonesia Remittance Market Ecosystem, 2018
Table 5-1: Remittance Flow from the Remitter to the Receiver, 2018
Table 5-2: Money Transfer through Depository and Non-Depository Institutions in Indonesia Remittance Industry
Table 5-3: Value chain Analysis with Major Parties and the Problems faced in the Process Involved in Indonesia International Remittance
Table 6-1: Rationale and Description for Indonesia Remittance Market Size on the Basis of Transaction Value and Volume, 2013-2018
Table 7-1: Rationale and Description for Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the basis of Volume and Number of Transactions, 2013-2018
Table 7-2: Cross Comparison of Banks and Non Banks on the Basis of Mode of Payment, Average Fees, Target Audience, Major Regions and Major Players , 2018
Table 7-3: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in USD Million, 2013-2018
Table 7-4: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Million, 2013-2018
Table 7-5: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Million, 2013-2018
Table 7-6: Indonesia International Market Segmentation by Major Outbound Corridors on the basis of Volume of Transactions in USD Millions, 2013-2018
Table 7-7: Indonesia International Market Segmentation by Major Inbound Corridors on the basis of Volume of Transactions in USD Millions, 2013-2018
Table 7-8: Comparison of Remittance through Major Corridors in Indonesia International Remittance Market on the Basis of Fees, Major Companies and Major Channel Preference, 2018
Table 7-9: Emigration from Indonesia by Host Countries on the Basis of Number of Population In Terms Of Thousand Populations, 2013-2018
Table 7-10: Rationale and Description for Indonesia International Remittance Market Segmentation by Income and Occupational Group, 2018
Table 7-11: Indonesia International Inbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in USD Million, 2018
Table 7-12: Indonesia International Outbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in USD Million, 2018
Table 7-13: Future Projections for Indonesia International Remittance Market on the Basis of Transaction Value, 2018-2023
Table 7-14:Future Projections of Indonesia International Remittance Market by Remittance Channel (Banks and Non-Banks) for Outbound on the basis of Transaction Volume in USD Million, 2018-2023E
Table 7-15: Rationale and Description for Indonesia Domestic Remittance Market Segmentation by Channels Banks and Non-Banks, 2013-2018
Table 7-16: Comparison of Remittance through Bank and Non-Banks in Indonesia International Remittance Market on the Basis of Fees, Time Taken , Geographical Presence and Target Audience, 2018
Table 7-17: Indonesia Domestic Remittance Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Volume of Transactions in USD millions, 2013-2018
Table 7-18: Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Number of Transactions in Millions, 2013-2018
Table 7-19: Rationale and Description for Indonesia Domestic Remittance Market Segmentation by Income Groups in terms of Volume of Transactions, 2018
Table 7-20: Volume of Transactions in USD millions by Income groups, 2018
Table 7-21: Rationale and Description for Indonesia Domestic Remittance Market Segmentation by Major Flow Corridors in terms of Volume of Transactions, 2018
Table 7-22: Indonesia Internal Migrations Data of Number of Migrants by Provinces and Type of Migration, 2015
Table 7-23: Volume of Transactions in USD millions by Corridors, 2018
Table 7-24: Future Outlook for Indonesia Domestic Remittance Market on the Basis of Transaction Volume, 2018-2023E
Table 7-25: Future Projections of Indonesia Domestic Remittance Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in USD Million, 2018-2023E
Table 7-26: Future Projections of Indonesia Domestic Remittance Market Segmentation by Income Group on the Basis of Transaction Volume in USD Million, 2018-2023
Table 7-27: Future Projections of Indonesia Domestic Remittance Market Segmentation by Income Group on the Basis of Transaction Volume in Percentage (%), 2018-2023E
Table 7-28: Volume Future Projections of Indonesia Domestic Remittance Market Segmentation by Corridors on the Basis of Transaction Volume in USD Million, 2018-2023E
Table 8-1: Rationale and Description of Indonesia Bill Payments Market, 2013-2018
Table 8-2: Indonesia Bill Payments Market Segmentation by Type of Recurring Bills in Different Types of Indonesian Families on the basis of Amount spent per month, 2018
Table 8-3: Market Segmentation of Indonesia Bill Payments Market by Payment Outlets and Mode of Payment on the basis of Number of transactions, 2018
Table 8-4: Market Share of Major Competitors and Key Takeaways by Basket and Ticket Size, 2018
Table 8-5: Market Share of Major retailers By Number of Transactions, 2018
Table 8-6: Cost per Transaction via different channels, 2018
Table 9-1: Rationale & Description Indonesia Mobile P2P Remittance and Payments Market, 2018
Table 9-2: Cross Comparison of Indonesia Major Players in Mobile Payment on the Basis of Leading Category, Transaction Fees, Number of Users, Number of Active Users, Services Offered, Number of Transactions, Corporate Tie-Ups, 2018
Table 10 1: Bank Indonesia and licensing for Money Transfer firms operating in Indonesia, 2018
Table 10 2: Bank Indonesia Electronic Payment Regulations, 2016
Table 10 3: National Payment Gateway Regulation, 2017
Table 12-1: Customer Preferences for Choosing Remittance Channels in Indonesia Remittance Market, 2018
Table 13-1: SWOT Analysis of Indonesia Remittance and Bill Payments Market
Table 14-3: Market Share of Major Non-Banks (Western Union, Money Gram, OVO M-Wallet, Top Remit, GoPay) Operating in the Indonesia International Remittance Market on the Basis of Transaction Value in USD Million and Market Share in Percentage(%), 2018
Table 14-4: Market Share of Major Banks (Mandiri, Bank Central Asia, Bank CIMB Niaga) Operating in the Indonesia International Remittance Market on the Basis of Transaction Value in Percentage (%), 2018
Table 14-5: Market Share of Major Banks (Mandiri, Bank Central Asia, Bank CIMB Niaga) Operating in the Indonesia Domestic Remittance Market on the Basis of Transaction Value in IDR Million, 2018
Table 14-2: Strengths and Weaknesses of Major Players of Non-Bank Channels Western Union, Money Gram, OVO M-Wallet, Top Remit, GoPay operating in the Indonesia Remittance Market, 2018
Table 13-3: Strengths and Weaknesses of Major Bank Channels Bank Mandiri, Bank Central Asia and Bank CIMB Niaga operating in the Indonesia Remittance Market, 2018
Table 14-6: Competitive Landscape for Western Union Including Company Overview, Business Strategy, Services Offered, Key Figures, Mode of Transfer, Mode of Payment, Restrictions , Maximum Transfer Amount , Cost of Sending Money, Transfer Speed, Strengths, and Others, 2018
Table 14-7: Competitive Landscape for MoneyGram Including, 2018
Table 14-8: Competitive Landscape for OVO M-Wallet including, 2018
Table 14-9: Competitive Landscape for Top Remit, 2018
Table 14-10: Competitive Landscape for GoPay including, 2018
Table 14-11: Competitive Landscape for Bank Mandiri including Company Overview, Company Management, Business Segments and Services, Business Strategy, Strengths, Net Fee Income from Remittance, Requirements, Transfer Platforms, Features, Mode of Transfer, Transfer Speed, Fees, Key Developments, Subsidiary and Associated Entities, and Branches 2018
Table 14-12: Competitive Landscape for Bank Central Asia including Company Overview, Company Management, Business Strategy, Services, Transfer Network, Mode of Transfer, Cost of Remittance, Transfer Speed, Terms and Conditions, Recent Developments, Net Fee from Remittance, and Network, 2018
Table 14-13: Competitive Landscape for Bank CIMB Niaga including Company Overview, Company Management, 2018
Table 14-14: Cost of Remittance through Foreign Currency Funds Transfer Service of Bank CIMB Niaga , 2018
Table 14-15: Cost of Remittance through Bank Draft Service of Bank CIMB Niaga, 2018
Table 14-16: Cost of Remittance through SpeedSend Service (Online Transfers) of Bank CIMB Niaga, 2018
Table 14-17: Cost of Remittance through MoneyGram Service, 2018
Table 14-18: Cost of Remittance through Western Union Service, 2018
Table 15-1: Analyst Recommendations for Indonesia Remittance Market, 2018

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Products and Companies

Products

International Remittance Market

By Flow Type

  • Inbound
  • Outbound

By Channel

  • Bank
  • Non-Bank

By Major Flow Corridors

  • ASEAN
  • Asia Excluding ASEAN
  • Middle East
  • America
  • Europe
  • Australia & Oceania
  • Africa

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Domestic Remittance Market

By Remittance Channels

  • Banks
  • Non Banks

By Major Flow Corridors

  • Urban to Rural Areas
  • Rural to Rural Areas
  • Urban to Urban Areas

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Snapshot Bill Payment Market

By Type of Bills with Type of Families Spending

  • Very Conservative Family ( Water, Electricity, Healthcare, Others)
  • Mediocre Family (Water, Electricity, Healthcare, Digital Products, Others)


Companies

Major Bank and Non- Bank Channels in Indonesia:

  • Bank Mandiri
  • Bank Central Asia
  • Bank CIMB Niaga
  • Western Union
  • MoneyGram
  • Top Remit
  • OVO m-wallet
  • GoPay
  • Western Union

The report titled "Indonesia Domestic and International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridors" provides a comprehensive analysis of international & domestic remittance and snapshot on bill payments market of Indonesia. The report covers market size, segmentation on the basis of remittance inbound and outbound, remittance flow corridors, remittance channel, and basis income level group. For domestic remittance market, the report covers market size, segmentation on the basis of remittance channel, basis income level group and major flow corridors. It also includes the snapshot on bill payments market in the country covering the overview, segmentation on type of bill payment, and channel of payment. The report also covers government regulations, competitive landscape and company profiles for major banking and non-banking channels in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry. The report provides detailed insights on existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in forecasted period.

Market Segmentation

Domestic Remittance Market

The domestic remittance market of Indonesia has witnessed a tremendous growth over the past few years. Rising internal migrant population both intra-regional and inter-regional owing to better job opportunities has triggered the size of the industry. During the period, 2013-2018, domestic remittance market has displayed remarkable growth at a CAGR of 5.0% in terms of transaction volume generated from personal remittance within the country.

By Bank & Non-Bank: Banks dominate the domestic remittance market compared to non-bank channels. Increasing share of non-bank channels was observed during review period as it grows with a CAGR of 6.3% during the period 2013-2018. Also, growing popularity of using digital platforms for transfers such m-wallets of Gopay and OVO m-wallet.

Competitive Landscape in Domestic Remittance Market

Indonesia domestic remittance market is moderately concentrated with the presence of multiple players including money transfer operators, banks, M-wallets and postal networks. Among banks that are operating in the domestic market, Bank Mandiri and Bank Central Asia holds a major share of the market in terms of volume of transactions carried via banks during the year 2018. The Bank Mandiri dominated domestic market in terms of volume of transactions in 2018. In Indonesia, the choice of channel varies along with the type of remittance i.e. whether it is domestic or international. Domestic remittance market is dominated by banks in terms of volume of transactions, as customers prefer banks owing to their wider accessibility and security, with experience in domestic market.

International Remittance Market Overview:

The international remittance market has showed a tremendous increase in growth rate overall, whereas; inbound market showed a major growth and slight decrease was observed in outbound segment during the year 2018. The total transaction value expanded displaying a five year CAGR of close to 8.0%. Moreover, surge in Fintech startups and government rolling out mobile payments application contributed to this development. Volume of remittance transactions increased, registering a CAGR of close to 5.0% during 2013-2018. With increasing competition between banks and non-bank channels, a decrease in commission was observed along with improve-ment in level services provided by the remittance companies during review period 2013-2018.

By Inbound & Outbound: The Indonesia International remittance market witnessed majority of its contribution from inbound remittances from Indonesia in the year 2018. Improvement in global remittance market has helped overseas Indonesian workers to find better jobs in GCC countries and ASEAN countries to remit money home through different channels.

Competitive Landscape in Indonesia International Remittance Market

Indonesia International Remittance market has been majorly dominated by inflow of remittance when compared to outflow of remittance in terms of transaction volume in 2018. International remittance market was found to be moderately concentrated with presence of both international and domestic money transfer operators and banks. Both bank and non-bank channels are actively working in the international remittance market.

Future Potential of Indonesia Remittance Market

Both domestic and international remittance market has seen an exceptional growth in the review period of 2013-2018 and is further expected to display similar growth in forecasted period of 2018-2023 along with CAGR value of 11.0% and 11.8% in terms of transaction volume respectively. The rising infrastructural & developmental activities undertaken by the government and rising business sector investment in the country are anticipated to foster growth in the domestic remittance market in the country. Also, rising mobile phone and internet penetration will propel the growth of market which will support development of Fintech and digital payments services such as M-wallets and E-money in Indonesia 

Key Segments Covered:

International Remittance Market

By Flow Type

  • Inbound
  • Outbound

By Channel

  • Bank
  • Non-Bank

By Major Flow Corridors

  • ASEAN
  • Asia Excluding ASEAN
  • Middle East
  • America
  • Europe
  • Australia & Oceania
  • Africa

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Domestic Remittance Market

By Remittance Channels

  • Banks
  • Non Banks

By Major Flow Corridors

  • Urban to Rural Areas
  • Rural to Rural Areas
  • Urban to Urban Areas

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Snapshot Bill Payment Market

By Type of Bills with Type of Families Spending

  • Very Conservative Family ( Water, Electricity, Healthcare, Others)
  • Mediocre Family (Water, Electricity, Healthcare, Digital Products, Others)

Key Target Audience:

  • Money Transfer Operators
  • Banks
  • Pawnshops
  • Bill Payment Companies
  • M-Wallets
  • Mobile Money Companies
  • Central Bank
  • Investors and PE Firms
  • Convenience Stores

Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2018-2023

Companies Covered:

Major Bank and Non- Bank Channels in Indonesia:

  • Bank Mandiri
  • Bank Central Asia
  • Bank CIMB Niaga
  • Western Union
  • MoneyGram
  • Top Remit
  • OVO m-wallet
  • GoPay
  • Western Union

Key Topics Covered in the Report

  • Indonesia Domestic Remittance Market Size (2013-2018)
  • Indonesia Bill Payments Market Snapshot (2013-2018)
  • Indonesia International Remittance Market Size (2013-2018)
  • Indonesia Remittance Market Overview
  • Indonesia Remittance Market Ecosystem
  • Indonesia Remittance and Bill payments Market Segmentation (2013-2018)
  • Trend and developments in Indonesia Remittance and Bill Payments Market
  • Competitive Landscape of Major Players in Indonesia Remittance Market including Market Shares and Strength & Weakness of the major Remittance players in Domestic and International Market
  • Future Outlook and Projections of Indonesia Domestic Remittance Market (2018-2023E)
  • Future Outlook and Projections of Indonesia International Remittance Markets (2018-2023E)
  • Analyst Recommendations

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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Scope

1. Executive Summary
Macro Environment in Contact with Remittance Industry Performance
Domestic Remittance Market
International Remittance Market

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Consolidated Research Approach
Market Sizing – Indonesia Remittance Market
Variables Dependent and Independent
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion

3. Snapshot of the Global Remittance Market (Overview, Regional Trends, Comparitive Analysis of Banks, MTOs, Regional Migration)

4. Market Ecosystem (Banks, Money Transfer operators, Mobile Wallets), 2018


5. Working Model for Domestic & International Remittance Market (Work Flow, Money Transfer Institiutions,Major Entities) 2018


6. Market Size by Transaction Volume, Number of Transactions and Average Transaction Size, 2013-2018


7. Market Segmentation, 2013-2023

7.1. International Remittance Market Segmentation, 2013-2018
7.1.1. Channel of Remittance, 2013-2018
7.1.2. Major Corridors, 2013-2018
7.1.3. Income and Occupational Group, 2018
7.2. International Remittance Market Future Outlook and Projections, By Outbound and Inbound Remittance Flow, By Bank and Non-Bank Channels, 2018-2023E
7.3. Domestic Remittance Market Segmentation, 2013-2018
7.3.1. Channels used For Remittance (Bank and Non-Bank), 2013-2018
7.3.2. Income Groups (Low Level, Mid Level, Higher Level), 2018
7.3.3. Major Flow Corridors (Urban to Rural, Urban to Urban, Rural to Rural), 2018
7.4. Domestic Remittance Future Projections and Outlook, 2018-2023
By Domestic Remittance through Non-Banks and Banks, 2018-2023
By Domestic Remittance – By Income Group, 2018-2023
By Domestic Remittance – By Corridors, 2018-2023

8. Snapshot of Indonesia Bill Payments Market, 2013-2018
8.1. Indonesia Bill Payments Market, 2013-2018
Statistical Analysis of Number of card and POS terminals in Indonesia, 2013-2018
Statistical Analysis of Volume of Cashless Payments, 2013-2018
8.2. Market Segmentation of Bill Payments Market in Indonesia
8.3. Competition Scenario of Indonesia Bill Payments Market (Market Share of E-Money and Banks by Number of Trnasactions, Cost per Transactions, Major Payment Gateways,Market Share of Major Retailers , 2018

9. Snapshot of Indonesia Mobile P2P Remittance (Overview, Key Statistics, Major Retail Spend Categories, Accessibility, Speed, Low-Cost, Trust, Service Offered, Major Players, Cross-Comparison of Major E-wallets)

10. Regulatory Landscape (Licensing for Money Transfer Operators, Electronic Payment Regulations, National Payment Gateway Regulation), 2013-2018


11. Decision Making Process for Choosing Remittance Channel in Indonesia (Remittance Cost, Service Portfolio, Remittance Amount & Secure Delivery, Transfer Speed, Easy Accessibility and Anonymity), 2018

11.1. Pain Points (Cost / Price, Lack of Information and Financial Education, Documentation, Regulation, Internet Banking, E-Wallets and Payment Gateways)

12. SWOT Analysis

13. Competitive Landscape

13.1. Competition Scenario in Indonesia International Remittance Market (Overview, Market Share for Major Bank and Non-Bank Channels), 2018
13.2. Competition Scenario in Indonesia Domestic Remittance Market ( Overview, Market Share of Major Banks), 2018
13.3. Analysis and Strengths & Weakness of Top 6 players Operating in Indonesia Remittance Market (Non-Banks and Bank), 2018
13.4. Company Profiles of Major Players Operating in Indonesia Remittance Market Covering Parameter Company Overview, Business Startegy, Services Offered, Key Financials, Mode of Transfer, Restrictions, Strenghts and Recent Developments, 2018
13.4.1. Western Union
13.4.2. MoneyGram
13.4.3. OVO M-Wallet
13.4.4. Top Remit
13.4.5. GoPay
13.4.6. Bank Mandiri
13.4.7. Bank Central Asia
13.4.8. Bank CIMB Niaga

14. Trends and Developments

15. Analyst Recommendations

Disclaimer
Contact Us


List Of Figure

Figure 1-1: Market Structure for Indonesia Remittance Market, 2018
Figure 3-1: Top Ten Origin Countries for International Migrants in Million, as of Dec, 2017
Figure 5-1: Working Model of the Indonesia Domestic Remittance Market
Figure 5-2: General Working Model of the Philippines International Remittance Market
Figure 6-1: Indonesia International Remittance Market Size by Transaction Value in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 6-2: Indonesia International Remittance Market Size by Volume of Transaction in Million and Growth Rate in Percentage (%), 2013-2018
Figure 6-3: Average Transaction Size in Indonesia International Remittance Market in USD and Growth Rate in Percentage (%), 2013-2018
Figure 6-4: Indonesia Inbound and Outbound International Remittance Market Share by Transaction Value in Percentage (%), 2013-2018
Figure 6-5: Indonesia Inbound and Outbound International Remittance Market Size by Transaction Value in USD Million, 2013-2018
Figure 6-6: Indonesia Inbound and Outbound International Remittance Market Size by Transaction Volume in Million, 2013-2018
Figure 6-7: Average Transaction Size in USD and Growth Rate in Percentage of Indonesia International Outbound Remittance Market, 2013-2018
Figure 6-8: Average Transaction Size in USD and Growth Rate in Percentage of Indonesia International Inbound Remittance Market, 2013-2018
Figure 6-9: Indonesia Domestic Remittance Market Size by Value of Transactions in USD Millions and Growth Rate in Percentage (%), 2013-2018
Figure 6-10: Indonesia Domestic Remittance Market Size by Volume of Transactions in Millions and Growth Rate in Percentage (%), 2013-2018
Figure 6-11: Average Transaction Size in Indonesia Domestic Remittance Market in USD and Growth Rate in Percentage (%), 2013-2018
Figure 7-1: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in Percentage (%), 2013-2018
Figure 7-2: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Percentage (%), 2013-2018
Figure 7-3: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Percentage (%), 2013-2018
Figure 7-4: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in Percentage (%), 2013-2018
Figure 7-5: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in USD Millions, 2013-2018
Figure 7-6: Indonesia International Remittance Market Segmentation by Major Outbound Corridors on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-7: Indonesia International Remittance Market Segmentation by Major Inbound Corridors on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-8: Indonesia International Inbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in percentage, 2018
Figure 7-9: Indonesia International Outbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in percentage, 2018
Figure 7-10: Indonesia International Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2018-2023E
Figure 7-11: Indonesia International Remittance Market Future Projections on the Basis of Number of Transactions in Million and Growth Rate in Percentage (%), 2018-2023E
Figure 7-12: Average Transaction Size in USD and Growth Rate in Percentage of Indonesia International Remittance Market, 2018-2023E
Figure 7-13: Indonesia International Outbound Remittance Market Future Projections on the basis of Volume of Transactions in USD Million and Growth Rates in Percentage (%), 2018 – 2023E
Figure 7-14: Indonesia International Outbound Remittance Market Future Projections on the basis of Number of Transactions in Million and Growth Rates in Percentage (%), 2018 – 2023E
Figure 7-15: Indonesia International Inbound Remittance Market Future Projections on the basis of Volume of Transactions in USD Million and Growth Rates in Percentage (%), 2018– 2023E
Figure 7-16: Indonesia International Inbound Remittance Market Future Projections on the basis of Number of Transactions in Million and Growth Rates in Percentage (%), 2018 – 2023E
Figure 7-17: Future Distribution of Banks and Non-Banks for Outbound in Indonesia International Remittance Market on the basis of Transaction Volume in Percentage (%), 2018-2023
Figure 7-18: Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Value of Transactions in Percentage (%), 2013-2018
Figure 7-19: Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Number of Transactions in Percentage (%), 2013-2018
Figure 7-20: Share of Income groups in terms of Volume of Transactions in Percentage of total Volume of Transactions in Indonesia Domestic Remittance market, 2018
Figure 7-21: Share of Corridors in terms of Volume of Transactions in Percentage of total Volume of Transactions in Indonesia Domestic Remittance market, 2018
Figure 7-22: Indonesia Domestic Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in percentage (%), 2018-2023E
Figure 7-23: Indonesia Domestic Remittance Market Future Projections on the Basis of Number of Transaction in Million and Growth Rate in percentage (%), 2018-2023E
Figure 7-24: Future Projections of Indonesia Domestic Remittance Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in Percentage (%), 2018-2023E
Figure 7-25: Future Projections of Indonesia Domestic Remittance Market Segmentation by Corridors on the Basis of Transaction Volume in Percentage (%), 2018-2023E
Figure 8-1: Total number of Cards in the Bill Payments Market in Thousands and Growth rate in Percentage, 2013-2018
Figure 8-2: Total Number of POS Terminals in Indonesia Bill Payments Market in Thousands and Growth rate in Percentage, 2013-2018
Figure 8-3: Total Number of Cashless Payments in Indonesia Bill Payments Market in Millions and Growth rate in Percentage, 2013-2018
Figure 8-4: Number of Credit Transfer in Indonesia Cashless Bill Payments Market in Millions and Growth Rate in Percentage, 2013-2018
Figure 8-5: Number of Card and e-money Payments in Indonesia Cashless Payments Market in Millions and Growth Rate in Percentage, 2013-2018
Figure 8-6: Number of Domestic and Cross-Border Cashless Payments in Indonesia Cashless Payments Market in Millions, 2013-2018
Figure 8-7: Volume of Cashless Payments in Indonesia Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-8: Volume of Credit Transfers in Indonesia Cashless Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-9: Volume of Card and E-money Payments in Indonesia Cashless Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-10: Volume of Cheques in Indonesia Cashless Bills Payments Market in USD Thousands and Growth Rate in Percentage, 2013-2018
Figure 8-11: Volume of Domestic and Cross-Border Cashless Payments in Indonesia Cashless Payments Market in USD Thousands, 2013-2018
Figure 8-12: Bill Payments Market Segmentation by Type of Recurring Bills in Different Types of Indonesian Families on the basis of Amount spent per month in Percentage of total bill payments, 2018
Figure 8-13: Percentage of Different Payment Outlet types on the basis of Number of Transactions, 2018
Figure 8-14: Percentage of Bill Payments by Mode of Payments on the basis of Volume of Transactions, 2018
Figure 8-15: Major Payment Gateways in Indonesia, 2018
Figure 8-16: Market share of Major Competitors (Electronic Payment Companies and Banks) on the basis of Basket and Ticket Size in Percentage, 2018
Figure 8-17: Market Share of Major retailers on the basis of Number of Transactions, 2018
Figure 9-1: Mobile Payment User Base of Major Players on the basis of number of users in Millions, 2017
Figure 9-2: Mobile Payment User Base share of Major Players on the basis of number users in percentage of total base, 2017
Figure 14-1: Major usage of Mobile Payments for Various Services in Indonesia, 2018


List Of Table

Table 2-1: Correlation Matrix for Indonesia Remittance International Remittance Market, 2018
Table 2-2: Regression Coefficients Output for Indonesia International Remittance Market, 2018
Table 3-1: Regional Remittance Trends (East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia, Sub-Saharan Africa), 2018
Table 3-2: Comparative Analysis of Sending Money through Banks, MTOs and Mobile Money Transfer
Table 3-3: World International Migration Data in Millions
Table 4-1: Indonesia Remittance Market Ecosystem, 2018
Table 5-1: Remittance Flow from the Remitter to the Receiver, 2018
Table 5-2: Money Transfer through Depository and Non-Depository Institutions in Indonesia Remittance Industry
Table 5-3: Value chain Analysis with Major Parties and the Problems faced in the Process Involved in Indonesia International Remittance
Table 6-1: Rationale and Description for Indonesia Remittance Market Size on the Basis of Transaction Value and Volume, 2013-2018
Table 7-1: Rationale and Description for Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the basis of Volume and Number of Transactions, 2013-2018
Table 7-2: Cross Comparison of Banks and Non Banks on the Basis of Mode of Payment, Average Fees, Target Audience, Major Regions and Major Players , 2018
Table 7-3: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Volume of Transaction in USD Million, 2013-2018
Table 7-4: Indonesia International Inbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Million, 2013-2018
Table 7-5: Indonesia International Outbound Remittance Market Segmentation by Remittance Channel (Banks and Non-Banks) on the Basis of Number of Transaction in Million, 2013-2018
Table 7-6: Indonesia International Market Segmentation by Major Outbound Corridors on the basis of Volume of Transactions in USD Millions, 2013-2018
Table 7-7: Indonesia International Market Segmentation by Major Inbound Corridors on the basis of Volume of Transactions in USD Millions, 2013-2018
Table 7-8: Comparison of Remittance through Major Corridors in Indonesia International Remittance Market on the Basis of Fees, Major Companies and Major Channel Preference, 2018
Table 7-9: Emigration from Indonesia by Host Countries on the Basis of Number of Population In Terms Of Thousand Populations, 2013-2018
Table 7-10: Rationale and Description for Indonesia International Remittance Market Segmentation by Income and Occupational Group, 2018
Table 7-11: Indonesia International Inbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in USD Million, 2018
Table 7-12: Indonesia International Outbound Remittance Market Segmentation by Income Group market share on the basis of volume of transactions in USD Million, 2018
Table 7-13: Future Projections for Indonesia International Remittance Market on the Basis of Transaction Value, 2018-2023
Table 7-14:Future Projections of Indonesia International Remittance Market by Remittance Channel (Banks and Non-Banks) for Outbound on the basis of Transaction Volume in USD Million, 2018-2023E
Table 7-15: Rationale and Description for Indonesia Domestic Remittance Market Segmentation by Channels Banks and Non-Banks, 2013-2018
Table 7-16: Comparison of Remittance through Bank and Non-Banks in Indonesia International Remittance Market on the Basis of Fees, Time Taken , Geographical Presence and Target Audience, 2018
Table 7-17: Indonesia Domestic Remittance Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Volume of Transactions in USD millions, 2013-2018
Table 7-18: Market segmentation on the basis of channels of transactions (Banks and Non-banks) by Number of Transactions in Millions, 2013-2018
Table 7-19: Rationale and Description for Indonesia Domestic Remittance Market Segmentation by Income Groups in terms of Volume of Transactions, 2018
Table 7-20: Volume of Transactions in USD millions by Income groups, 2018
Table 7-21: Rationale and Description for Indonesia Domestic Remittance Market Segmentation by Major Flow Corridors in terms of Volume of Transactions, 2018
Table 7-22: Indonesia Internal Migrations Data of Number of Migrants by Provinces and Type of Migration, 2015
Table 7-23: Volume of Transactions in USD millions by Corridors, 2018
Table 7-24: Future Outlook for Indonesia Domestic Remittance Market on the Basis of Transaction Volume, 2018-2023E
Table 7-25: Future Projections of Indonesia Domestic Remittance Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in USD Million, 2018-2023E
Table 7-26: Future Projections of Indonesia Domestic Remittance Market Segmentation by Income Group on the Basis of Transaction Volume in USD Million, 2018-2023
Table 7-27: Future Projections of Indonesia Domestic Remittance Market Segmentation by Income Group on the Basis of Transaction Volume in Percentage (%), 2018-2023E
Table 7-28: Volume Future Projections of Indonesia Domestic Remittance Market Segmentation by Corridors on the Basis of Transaction Volume in USD Million, 2018-2023E
Table 8-1: Rationale and Description of Indonesia Bill Payments Market, 2013-2018
Table 8-2: Indonesia Bill Payments Market Segmentation by Type of Recurring Bills in Different Types of Indonesian Families on the basis of Amount spent per month, 2018
Table 8-3: Market Segmentation of Indonesia Bill Payments Market by Payment Outlets and Mode of Payment on the basis of Number of transactions, 2018
Table 8-4: Market Share of Major Competitors and Key Takeaways by Basket and Ticket Size, 2018
Table 8-5: Market Share of Major retailers By Number of Transactions, 2018
Table 8-6: Cost per Transaction via different channels, 2018
Table 9-1: Rationale & Description Indonesia Mobile P2P Remittance and Payments Market, 2018
Table 9-2: Cross Comparison of Indonesia Major Players in Mobile Payment on the Basis of Leading Category, Transaction Fees, Number of Users, Number of Active Users, Services Offered, Number of Transactions, Corporate Tie-Ups, 2018
Table 10 1: Bank Indonesia and licensing for Money Transfer firms operating in Indonesia, 2018
Table 10 2: Bank Indonesia Electronic Payment Regulations, 2016
Table 10 3: National Payment Gateway Regulation, 2017
Table 12-1: Customer Preferences for Choosing Remittance Channels in Indonesia Remittance Market, 2018
Table 13-1: SWOT Analysis of Indonesia Remittance and Bill Payments Market
Table 14-3: Market Share of Major Non-Banks (Western Union, Money Gram, OVO M-Wallet, Top Remit, GoPay) Operating in the Indonesia International Remittance Market on the Basis of Transaction Value in USD Million and Market Share in Percentage(%), 2018
Table 14-4: Market Share of Major Banks (Mandiri, Bank Central Asia, Bank CIMB Niaga) Operating in the Indonesia International Remittance Market on the Basis of Transaction Value in Percentage (%), 2018
Table 14-5: Market Share of Major Banks (Mandiri, Bank Central Asia, Bank CIMB Niaga) Operating in the Indonesia Domestic Remittance Market on the Basis of Transaction Value in IDR Million, 2018
Table 14-2: Strengths and Weaknesses of Major Players of Non-Bank Channels Western Union, Money Gram, OVO M-Wallet, Top Remit, GoPay operating in the Indonesia Remittance Market, 2018
Table 13-3: Strengths and Weaknesses of Major Bank Channels Bank Mandiri, Bank Central Asia and Bank CIMB Niaga operating in the Indonesia Remittance Market, 2018
Table 14-6: Competitive Landscape for Western Union Including Company Overview, Business Strategy, Services Offered, Key Figures, Mode of Transfer, Mode of Payment, Restrictions , Maximum Transfer Amount , Cost of Sending Money, Transfer Speed, Strengths, and Others, 2018
Table 14-7: Competitive Landscape for MoneyGram Including, 2018
Table 14-8: Competitive Landscape for OVO M-Wallet including, 2018
Table 14-9: Competitive Landscape for Top Remit, 2018
Table 14-10: Competitive Landscape for GoPay including, 2018
Table 14-11: Competitive Landscape for Bank Mandiri including Company Overview, Company Management, Business Segments and Services, Business Strategy, Strengths, Net Fee Income from Remittance, Requirements, Transfer Platforms, Features, Mode of Transfer, Transfer Speed, Fees, Key Developments, Subsidiary and Associated Entities, and Branches 2018
Table 14-12: Competitive Landscape for Bank Central Asia including Company Overview, Company Management, Business Strategy, Services, Transfer Network, Mode of Transfer, Cost of Remittance, Transfer Speed, Terms and Conditions, Recent Developments, Net Fee from Remittance, and Network, 2018
Table 14-13: Competitive Landscape for Bank CIMB Niaga including Company Overview, Company Management, 2018
Table 14-14: Cost of Remittance through Foreign Currency Funds Transfer Service of Bank CIMB Niaga , 2018
Table 14-15: Cost of Remittance through Bank Draft Service of Bank CIMB Niaga, 2018
Table 14-16: Cost of Remittance through SpeedSend Service (Online Transfers) of Bank CIMB Niaga, 2018
Table 14-17: Cost of Remittance through MoneyGram Service, 2018
Table 14-18: Cost of Remittance through Western Union Service, 2018
Table 15-1: Analyst Recommendations for Indonesia Remittance Market, 2018

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Products

International Remittance Market

By Flow Type

  • Inbound
  • Outbound

By Channel

  • Bank
  • Non-Bank

By Major Flow Corridors

  • ASEAN
  • Asia Excluding ASEAN
  • Middle East
  • America
  • Europe
  • Australia & Oceania
  • Africa

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Domestic Remittance Market

By Remittance Channels

  • Banks
  • Non Banks

By Major Flow Corridors

  • Urban to Rural Areas
  • Rural to Rural Areas
  • Urban to Urban Areas

By Income Level

  • Lower Level Income Group
  • Middle Level Income Group
  • High Level Income Group

Snapshot Bill Payment Market

By Type of Bills with Type of Families Spending

  • Very Conservative Family ( Water, Electricity, Healthcare, Others)
  • Mediocre Family (Water, Electricity, Healthcare, Digital Products, Others)


Companies

Major Bank and Non- Bank Channels in Indonesia:

  • Bank Mandiri
  • Bank Central Asia
  • Bank CIMB Niaga
  • Western Union
  • MoneyGram
  • Top Remit
  • OVO m-wallet
  • GoPay
  • Western Union

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