retail-payments-in-indonesia | KPMG | ID

Retail Payments in Indonesia

Retail Payments in Indonesia

This publication is an attempt to capture the ePayments landscape, regulatory developments and an early view on which players may prevail.

1000

Related content

id-banknotes

With a young growing population of over 250 million people, and around 5 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, have revolutionized the retail and transportation sectors. Cash is still the dominant retail payment method, however we believe Indonesia is poised for a cashless revolution.

In November 2016, Bank Indonesia launched a fintech office and new payments regulations which provided greater clarity around licensing for eWallets and payment gateways. 

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Connect with us

 

Request for proposal

 

Submit