| Product Code: ETC4380629 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Mobile money services are transforming the financial landscape in Indonesia. As a country with a significant unbanked population, mobile money provides access to financial services and payment solutions. The Indonesian mobile money market is expanding rapidly, providing convenient and secure options for financial transactions.
The mobile money market in Indonesia is growing due to the rising adoption of mobile banking services and the government`s push for financial inclusion. Key drivers include the need for convenient and secure payment solutions, the large unbanked population, and the increasing smartphone penetration, which allows more people to access and use mobile money services.
In Indonesia, the mobile money market is marred by issues such as regulatory compliance, security concerns, and building trust among users. Achieving widespread adoption and interoperability between various mobile money providers is a formidable challenge.
The COVID-19 pandemic acted as a catalyst for the growth of mobile money services in Indonesia. As people avoided physical cash transactions to reduce the risk of virus transmission, mobile money emerged as a convenient and safe alternative. This shift in consumer behavior significantly boosted the adoption of mobile money services across the country.
In the Indonesia mobile money market, significant players include GoPay, OVO, and LinkAja. These are leading digital payment platforms that have gained widespread popularity in Indonesia, offering a range of financial services including mobile payments, digital wallets, and more.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Mobile Money Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Mobile Money Market - Industry Life Cycle |
3.4 Indonesia Mobile Money Market - Porter's Five Forces |
3.5 Indonesia Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Indonesia Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Indonesia Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Indonesia Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Indonesia Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Indonesia |
4.2.2 Growing internet and mobile network infrastructure |
4.2.3 Government initiatives to promote digital payments and financial inclusion |
4.3 Market Restraints |
4.3.1 Lack of awareness and trust in mobile money services |
4.3.2 Limited access to banking services in remote areas |
4.3.3 Security concerns related to mobile money transactions |
5 Indonesia Mobile Money Market Trends |
6 Indonesia Mobile Money Market, By Types |
6.1 Indonesia Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Mobile Money Market Revenues & Volume, By Transaction mode, 2021-2031F |
6.1.3 Indonesia Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.4 Indonesia Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.5 Indonesia Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Indonesia Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Indonesia Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Indonesia Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Indonesia Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Indonesia Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Indonesia Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Indonesia Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Indonesia Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Indonesia Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Indonesia Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Indonesia Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Indonesia Mobile Money Market Import-Export Trade Statistics |
7.1 Indonesia Mobile Money Market Export to Major Countries |
7.2 Indonesia Mobile Money Market Imports from Major Countries |
8 Indonesia Mobile Money Market Key Performance Indicators |
8.1 Number of active mobile money users |
8.2 Average transaction value per user |
8.3 Percentage of population with access to mobile money services |
8.4 Growth rate of mobile money transactions |
8.5 Percentage of digital payments made through mobile money |
9 Indonesia Mobile Money Market - Opportunity Assessment |
9.1 Indonesia Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Indonesia Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Indonesia Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Indonesia Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Indonesia Mobile Money Market - Competitive Landscape |
10.1 Indonesia Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |