Indonesia

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
Indonesia
Wallets
Development Secondary Emerging
Send or Receive
GDP ($m)
432,817.31
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HDI classification Medium
Mobile Connections (m)
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"}}
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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 )"}}
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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 )"}}
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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 )"}}
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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 )"}}
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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 )"}}
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Central Bank
Key Regulations
E-money Circular; Money Transfer Circular; 2006 BI launched initiative to create cashless society. 2008 Micropayments
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Type of law
Legal System
Civil law system based on the Roman-Dutch model and influenced by customary law
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Law is based on
Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
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

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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.
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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.

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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 %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
Urban % 44.00
Female % 46.00
Literate % 90.40
Annual Growth %
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
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Registered Wallet Users
Top Wallets
Telkomsel T-Cash
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Informal Market
Cost To Remit
Key Players

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