Indonesia Domestic and International Remittance Market Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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 basic 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 a detailed overview of 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 the forecasted period. Market Segmentation Domestic Remittance Market The domestic remittance market of Indonesia has witnessed tremendous growth over the past few years. The 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 the 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 the 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 hold a major share of the market in terms of volume of transactions carried via banks during the year 2018. The Bank Mandiri dominated the domestic market in terms of volume of transactions in 2018. In Indonesia, the choice of the 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 the market has shown a tremendous increase in growth rate overall, whereas; inbound market showed a major growth and a slight decrease was observed in the outbound segment during the year 2018. The total transaction value expanded displaying a five-year CAGR of close to 8.0%. Moreover, a surge in Fintech startups and government rolling out mobile payments application contributed to this development. The 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 improvement in level services provided by the remittance companies during the review period 2013-2018. By Inbound & Outbound: The Indonesia International remittance market witnessed the majority of its contribution from inbound remittances from Indonesia in the year 2018. Improvement in the 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 the inflow of remittance when compared to an outflow of remittance in terms of the transaction volume in 2018. International remittance market was found to be moderately concentrated with the 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 exceptional growth in the review period of 2013-2018 and is further expected to display similar growth in the 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 the 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 For More Information, Click On the Below Mentioned Link:- Indonesia Domestic and International Remittance Market Related Reports by Ken Research:- Singapore International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors Philippines Remittance and Payments Market Outlook to 2024 – Growth Backed by Sustained Internal Migration, Rise in Overseas Filipino Workers and Surge in BPO Sector Europe International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Channels (Banks, MTOs, M-wallets and Others), By Inflow & Outflow Remittance Corridors, By Point of Contact (Branch Pick-up, Mobile Payment & Online Transactions, Prepaid Cards Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Bank Central Asia Payment Market Share Indonesia, Bank CIMB Niaga Payment Market Size Indonesia, Bank 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