Indonesia is bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east. Link to external site : Website for Indonesia |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
432,817.31 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
246.507 Upgrade to Bronze |
| Currency | IDR |
| Class | |
| CountryISO | ID |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["ID",241.6,4]],"options":{"title":"Countries","region":"ID","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Telkomsel (Telekomunikasi Selular)",105000000],["PT Indosat Tbk (Qtel)",53128714],["PT XL Axiata Tbk",45351000],["3 Hutchison Whampoa Ltd",20000000],["PT AXIS Telekom Indonesia (AXIS)",13000000],["Rest ( 2 )",10026983]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",3527793],["Q4 2001",6640710],["Q4 2002",11435126],["Q4 2003",18586701],["Q4 2004",30291808],["Q4 2005",46577834],["Q4 2006",62458127],["Q4 2007",94487267],["Q4 2008",138662286],["Q4 2009",164866733],["Q4 2010",199574536],["Q4 2011",223337594],["Q4 2012",241678390],["Q4 2013",255273302],["Q4 2014",264843611]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["ATM",2],["Agent",4],["Location",4],["Mobile",18],["POS",1],["Web",16]],"options":{"title":"Initiatives ( 26 of 26 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",3],["Bank",14],["MNO",3],["MTO",1],["PSP",7],["Scheme",1],["TechWeb",1],["Vendor",1]],"options":{"title":"Initiatives ( 26 of 26 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",2],["DB",3],["DW",4],["MB",2],["MM",2],["MP",1],["MT",2],["OB",2],["OP",6],["PC",2]],"options":{"title":"Initiatives ( 26 of 26 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["AT",10],["Anon",1],["BB",2],["BP",6],["CICO",3],["Card",1],["D2B",2],["DC",2],["DMT",12],["DW",4],["IAT",1],["IMT",6],["Insurance",1],["LP",2],["MB",7],["MFI",1],["MM",3],["MP",6],["MW",2],["OB",6],["OP",10],["PC",2],["Trade",2],["Transport",1],["Whitelabel",1]],"options":{"title":"Initiatives ( 26 of 26 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",17],["Card",15],["Cash",11],["MobileBilling",2],["PC",2],["Wallet",6],["Web",1]],"options":{"title":"Initiatives ( 26 of 26 )"}} |
| Central Bank | |
| Key Regulations |
E-money Circular; Money Transfer Circular; 2006 BI launched initiative to create cashless society. 2008 Micropayments Upgrade to Bronze |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system based on the Roman-Dutch model and influenced by customary law Upgrade to Bronze |
| Law is based on | |
| Approach |
Short leash Upgrade to Bronze |
| Sectors active in Digital Money |
NonBank Upgrade to Bronze |
| Exclusivity | |
| Certainty |
Medium Upgrade to Bronze |
| Openness |
Medium Upgrade to Bronze |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
MNO Led Upgrade to Bronze |
| E-Money |
Circular No. 11/11/DASP Concerning Electronic Money was enacted in 2009. BI relatively advanced in approach & Indonesia among few countries permitting nonbanks to issue e-money. New regs allow non-banks. Non banks can issue emoney but only for payment purposes. If they want to offer person-to-person services, they need a remittance license and eligibility requirements are currently an (unintended) barrier to entry. BI needs to define eligibility in simpler ways. Also, the regulatory framework should allow e-money providers to use networks of agents to offer and maintain their products. Furthermore, KYC regulations should allow agents to sign-up new customers, at least those below a relatively low threshold. Source: http://siteresources.worldbank.org/INTINDONESIA/Resources/Publication/280016-1235115695188/5847179-1260175642704/6626282-1260175674082/Chapter6.en.pdf |
| Payment | |
| Agent |
MNOs will find it difficult to leverage distn network as each must apply for license. Can open account but remote opening difficult. No uniform national identity system. CDD regulation requires upfront identification (verified only with the widely available identity card, such as KTP, driver’s license, or passport). KYC Regs limit what non-bank like Axis can do to acquire customers. Upgrade to Bronze |
| Money Transfer |
According to Doc 5 only bank allowed. However BBRegs claim MNO has got money transfer license. Perhaps only DMT. Only domestic banks allowed to partner with money transfer companies. |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",73.99],["Banked",40],["Internet",6],["Urban",44],["Adult",72],["Literate",90.4]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 241.60 |
| Adult % | 72.00 |
| Migrants % |
0.05 Register/Log In |
| Stock Immigrants ('000) |
122.90 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
8,100.00 Upgrade to Bronze |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 44.00 |
| Female % | 46.00 |
| Literate % | 90.40 |
| Annual Growth % |
-5.80 Upgrade to Bronze |
| Mobile Penetration % | 73.99 |
| Banked % | 40.00 |
| Access to FS % | 40.00 |
| Internet % | 6.00 |
| Branches per 100k adults | 6.67 |
| ATMs per 100k adults | 13.44 |
| POS per 100k adults | 119.91 |
| Prepaid % | 97.50 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 103.22 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Rapid Growth Upgrade to Bronze |
| Registered Wallet Users |
500,000 Upgrade to Bronze |
| Top Wallets |
Telkomsel T-Cash Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |