Indonesia Remittance Market Research Report: 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 How Does International Remittance Market Operate In Indonesia? Over the review period 2013-2018, the international remittance market of Indonesia has been displayed a chequered growth in terms of the transaction value. The international remittance market has shown steady growth, with an annual average growth rate of ~% over the years 2013-2015, with a shallow fall depicting a negative growth rate of ~% in the year 2016. The market had a surge in the growth rate, up from ~% in 2016, to ~% in 2018. The CAGR in terms of the value of transactions had been ~% over the review period, increasing from USD ~ million in 2013 to USD ~ million in 2018. The average value of a transaction in USD ~ for 2013 to USD ~ in 2018, with a moderate growth rate of ~% in the period 2017-2018, and a CAGR of ~% in review period 2013-2018. Although the market experienced pioneering and unmatched growth in the period 2017-2018 in terms of the average value of the transaction and value of the transaction. The volume of transactions experienced an average growth rate of ~% in 2018, with a CAGR of ~% during the review period 2013-2018, with a negative growth rate of ~% in 2016. The market recovered, with an increase in the volume of transactions from ~ million in 2013, and then falling to ~ million in 2016, to ~ million in 2018. The long-term stable market shows a dip in 2016, due to a government drive to end the practice of exporting low-cost labor. In February 2015 President Joko Widodo announced the country would halt the migration of female domestic labor, instructing the BNP2TK1 to formulate a strategy to implement this policy. What Major Flow Corridors in Indonesia International Remittance Market? Indonesia has been a major remittance receiver in Asia Pacific regions. Major inflow corridors for Indonesia have been ASEAN countries, Asia except for ASEAN countries and the Middle East countries. ASEAN countries have been the highest contributor in the inbound remittance market of Indonesia over the review period. The ASEAN-Indonesia corridor accounts for ~% in 2018, equivalent to USD ~ million. The corridor still dominates, yet the contribution has decreased from ~% in 2013 to ~ in 2018. The volume of transactions in 2018 was USD ~ million. The volume has certainly increased over the review period, yet the contribution saw a decrease. This has been due to the diversification of the destination countries of the Indonesian migrants looking for employability options overseas. The emigrants are moving to Saudi Arabia, which is the destination country accounting for maximum immigrants of Indonesian descend. What Is Competitive Scenario In Indonesia International Remittance Market? Indonesia International Remittance the market has been majorly dominated by the inflow of remittance when compared to the outflow of remittance in terms of volume of transactions with almost ~% of inbound remittance and ~% of outbound remittance in 2018. The international remittance market was found to be moderately concentrated with the presence of both international and domestic money transfer operators and banks. Both the Bank and Non-Bank channels actively working in the International Remittance market. Major dominance of banking channel was observed in the review period of 2013-2018 for both inbound and outbound remittance with a major bank such as BCA and Bank Mandiri with a market share of ~% in terms of volume of transaction, whereas BCA with Money Gram tie-up is the market leader in banking channel in Indonesia with ~% of market share in terms of transaction volume in 2018. For Non-banking channels which include money transfer operators, m-wallet companies play a major role in the international remittance market of 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 Remittance Market Retail Remittance Market Indonesia Indonesia payments market Major M-wallet Market Players Indonesia Indonesia Remittance Market Future Outlook Indonesia International Remittance Market Size Indonesia Remittance Flow Corridors Indonesia Bill Payments Market Share Major Payment Gateways in Indonesia Indonesia Remittance by Income Level Market of Remittances in Indonesia Mobile Phone Payment Market Indonesia For Information Click On the Below Mentioned Link:- Indonesia Domestic and International Remittance Market Related Reports by Ken Research:- 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 Mandiri Remittance Market Growth Indonesia, Banking Channel Remittance Market Indonesia, Cost of Remittance through Western Union Service, cost of sending money from Africa to indonesia, cost of sending money from America to indonesia, cost of sending money from ASEAN to indonesia, cost of sending money from australia to indonesia, cost of sending money from Europe to indonesia, Cost of Sending Money In Indonesia, Digital Remittance Market Indonesia, domestic remittance market of Indonesia, Door to Door Delivery Remittance Market Indonesia, GoPay Remittance Market Analysis Indonesia, Indonesia Bill Payments Market Share, Indonesia Cashless Payments Market, Indonesia Domestic and International Remittance Industry, Indonesia Domestic and International Remittance Market, Indonesia Domestic Inbound Remittance Market, Indonesia Domestic Outbound Remittance Market, Indonesia Domestic Remittance Business, Indonesia Domestic Remittance Industry, Indonesia Domestic Remittance Market, Indonesia Domestic Remittance Market Major Players, Indonesia Domestic Remittance Market Revenue, Indonesia Domestic Remittance Market Share, Indonesia Domestic Remittance Market Size, Indonesia E-Wallets Payment Market, Indonesia International Inbound Remittance Market, Indonesia International Outbound Remittance Market, Indonesia International Remittance Industry, Indonesia International Remittance Market, Indonesia International Remittance Market Future, Indonesia International Remittance Market Share, Indonesia International Remittance Market Size, Indonesia Mobile P2P Remittance Market, Indonesia Mobile Wallet and Payment Market, indonesia payments market, Indonesia Remittance By Income Level, Indonesia Remittance Flow Corridors, Indonesia Remittance Industry, Indonesia Remittance Industry Research Report, Indonesia Remittance Market, Indonesia Remittance Market Cost, Indonesia Remittance Market Forecast, Indonesia Remittance Market Future Outlook, Indonesia Remittance Market Growth Rate, Indonesia Remittance Market in USD Million, Indonesia Remittance Market Major Channels, Indonesia Remittance Market Research Report, Indonesia Remittance Market Segmentation, International Money Transfer Market Players, Major M-wallet Market Players Indonesia, Major Payment Gateways in Indonesia, Market of Remittance in Indonesia, Mobile Phone Payment Market Indonesia, Money Transfer Market Operators in Indonesia, MoneyGram Remittance Market Revenue Share, Number of Card and e-money Payments in Indonesia, Number of card and POS terminals in Indonesia, Number of Cashless Payments in Indonesia, OVO Digital Payment Market in Indonesia, Remittance Industry Indonesia, Retail Remittance Market Indonesia, Third Party Bill Payments Market Indonesia, Top Remit Remittance Market Growth Indonesia, Utilities Bills Payment Market Indonesia, Volume Transaction Domestic Remittance Indonesia