Credit card industry will be flat this year: http://keuangan.kontan.co.id/news/bisnis-kartu-kredit-akan-flat-tahun-ini/20 September 2016
The effect of postponing the credit card data transparency plan for taxation is still troubling credit card holders. As a result, credit card users avoid paying by credit card transactions by switching transactions using debit cards.
Bank Indonesia (BI) data noted that credit card volume fell 7.69% to 24.44 million cards per July 2016 compared to 26.80 million as of July 2015. Meanwhile, transaction value on credit cards decreased by 19.23% to Rp 21 , 56 trillion per July 2016 compared to the position of Rp 26.57 trillion as of July 2015.
Santoso Liem, Director of PT Bank Central Asia Tbk (BCA) said the slowdown in the credit card business is due to the weakening of economic growth. Also, coupled with the government's plan to make transparency of credit card data to attract taxes. "The middle class credit card holders tend to avoid transactions, while the upper middle class is not affected," he said, Monday (19/9).
Next year, RI Got Local Principal Credit Card: http://bisnis.news.viva.co.id/news/read/348801-tahun-depan--ri-punya-prinsipal-lokal-kartu-kredit/4 September 2012
During this time credit card issuers in Indonesia using a foreign principal. Principal development plans of local credit cards in the country began to be taken seriously. Bank Indonesia with some credit card issuers is now met to discuss the future development of principals nationally with a target operational next year.
BI believes the principal development of local credit card will provide great benefits for Indonesia. It was not separated from the support of Indonesia's domestic market share and bargaining power is high. A similar step is also carried out a number of neighboring countries such as Malaysia and Singapore. In both countries, local principals have been in operation and the results are quite positive in improving the domestic economy.
With the advent of new regulation plan, BNI assured dominance of domestic transactions on the credit card industry will bring new support to the progress of industry-banking. The cause, the banking industry does not have to pay a fee to a foreign company.
Credit Card Services in Indonesia
Indonesia Industry Report and Market Research
December 28, 2023
Industry Code : K8124
Forecast to : 2027
Definition
Credit Card Services in Indonesia This class consists of enterprises whose main activities include financing transactions made by credit card holders for the purchase of goods or services.
Activities
The primary activities of firms in this industry are:
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Providing Credit for the Purchase of Goods and Services in on credit terms.
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Providing Cash Advance Services in advance money (cash value).
The Credit Card Services industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
