Future of Indonesia International Remittance Market: 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 Indonesia International Remittance market is expected to show an increasing trend in the remittance market in the forecasted period. Oversea deployment of Indonesian work will boost the international market. As more and more, skilled laborers and C&B level employees will look for jobs overseas. In 2018, an increased global remittance trend was observed, mainly due to the growth in European countries, the Russian Federation, and the United States. The rebound in remittances, when valued in U.S. dollars were helped by higher oil prices and a strengthening of the euro and ruble. These factors have influenced the remittances to low and middle-income countries the most, one among which is Indonesia. It is expected that during the review period 2018-2020, the market size shall be augmented by these factors. The international remittance market is forecasted to grow from USD ~ million in 2018 to ~ in 2023 growing at a CAGR of ~% in the forecasted period of 2018-2023. How Does Bill Payments Market Operate in Indonesia? Indonesia’s payments ecosystem is developing with world-class technology entering the market recently. Hence, consumers and businesses still rely substantially on cash and cheques, due to entrenched behaviors and inefficient support processes and lower cost of using such modes. With a young growing population of over ~ million people and around ~ million people entering the consumer class each year, Indonesia has seen significant attention from global and local technology companies, which in the last two or so years revolutionized the retail and transportation sectors. The primary instruments for business payments are cash as Businesses take advantage of the ease-of-use, ubiquity, and universal acceptance of cash all over the country. The speed and transparency of cash transfers in Indonesia on a daily basis have bolstered the use of cash and cheque by businesses. On the basis of the volume of transactions, there has been a positive increase, from USD ~ million in 2013 to USD ~ million in 2018, with a CAGR of ~%. Analogously, the increase in Volume of Card and e-money payments also witnessed a CAGR of ~%, increasing from USD ~ thousands in 2013 to USD ~ thousands in 2018. The volume of credit transfers experienced a CAGR of ~% over the review period, increasing from USD ~ million in 2013 to USD ~ million in 2018. How Indonesia Mobile P2P Remittance Does Works? Peer-to-Peer (P2P) Transfer Services facilitate the direct transfer of funds between individuals, generally from their credit cards or bank accounts via the internet and/or mobile phones as the primary mediums for such services. many recent models (such as that adopted by Square) append on the existing network-rails and new transaction technologies offered by the major card providers (i.e. MasterCard, Visa) such as the Original Credit Transaction (OCH), which enables users of their platforms to perform near-instant transfers with their debit cards alone without necessarily attaching a bank account. P2P Money Transfers segment amounts: USD ~ Million with Average Transaction Size: USD ~ in 2018. P2P providers are able to offer a substantially lower-fee for transferring funds, as many of the platforms does not need to establish their own financial infrastructures and pursue more cost-effective means of conducting money transfer (as is the case with TransferWise). 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 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