The top five main card issuers in Indonesia together were responsible for ** percent of the market, with two issuers taking up nearly ** percent of it. This is according to a publication from September 2024, that quoted data for Indonesia in 2021. Note that the figures display card payments as a whole, and do not distinguish between credit cards or debit cards. Card payments at POS are relatively low in Indonesia when compared to cash, although digital payments have increased at a fast pace in Indonesia.

The average value of a credit card transaction in Indonesia is predicted to decrease between 2024 and 2029, by over seven USD. This is according to one of several forecasts made by Statista covering the credit card market in Indonesia. The Asian country is one of the less mature countries in the world when it comes to credit card penetration. This is reflected with the value of credit card payments, making up over *** percent of the country's GDP. Credit cards were one of the country's least popular payment methods.

Indonesia credit cards market is projected to reach $30 Bn by 2030, growing at 9.5% CAGR, driven by digital payment adoption and expanding middle-class population.

**** and ********** were tied when it comes to card payment market share, with local payment brands slowly being on the rise. GPN, short for Gerbang Pembayaran Nasional or National Payment Gateway, is noticeable in this regard. The domestic payment brand from Bank Indonesia launched in 2017 to promote the use of debit cards in the populous Asian country. The source does not explain whether GPN was included in the "Others" category before 2020. Nevertheless, debit cards and especially mobile wallets see increased use in Indonesian in-store payments since 2017.

The number of times a person in Indonesia used a credit card for payments declined by over ** percent between in 2020, and only recovered slightly in 2021. In the first year of the coronavirus pandemic, an estimated *** transactions were made per capita - a number that is significantly lower when compared to other countries. Indeed, credit cards are not a popular in-store payment method in Indonesia. Cash made up the majority of in-store payments in Indonesia in 2021, although its market share decreased significantly since COVID-19.

Indonesia Payments Infrastructure Market size was valued at USD 4.12 Billion in 2024 and is projected to reach USD 8.60 Billion by 2032, growing at a CAGR of 9.6% from 2025 to 2032.Key Market Drivers:Growing E-Commerce and Digital Transactions: The Indonesian e-commerce market is thriving due to the 15% increase in online retail sales in 2023, according to the Ministry of Trade. This shift has led to a surge in digital payment adoption, including mobile wallets and e-commerce payment gateways, thereby requiring a robust payment infrastructure to accommodate the growing demand for secure, efficient, and diverse payment methods.Government Initiatives for Cashless Economy: The Indonesian government has embraced a cashless economy, boosting the payments infrastructure market. In 2023, Bank Indonesia launched the Gerakan Nasional Non-Tunai initiative, promoting digital payments to enhance financial inclusion and reduce cash dependency. This has led to increased popularity in retail, transportation, and public services sectors.Rising Smartphone and Internet Penetration: Indonesia's growing smartphone and internet connectivity is driving the adoption of digital payment solutions. With over 75% of the population having internet access in 2023, mobile payment apps and online banking services are being used. This growth in digital platforms allows consumers to use mobile wallets, QR codes, and e-banking for various transactions, increasing the demand for reliable payment infrastructure.Shift Toward Financial Inclusion and Digital Banking: Indonesia's payments infrastructure market is growing due to financial inclusion efforts, with the number of digital bank accounts increasing by 18% in 2023. As rural areas gain access to banking services via mobile phones and digital wallets, there is a growing need for secure and accessible payment infrastructure to cater to this expanding market.

As of February 2025, the number of credit cards in Indonesia amounted to ***** million. The number of credit cards in Indonesia decreased by ***** percent when the COVID-19 crisis happened in 2020. Currently, there are ** credit card issuers in Indonesia. Credit card ownership in Indonesia To own a credit card in Indonesia, the primary cardholder must be at least 21 years old or married and have a monthly income of at least three million Indonesian rupiah, while an additional credit card can be used by anybody who is at least 17 years old. According to a survey by the World Bank, about *** percent of the wealthiest ** percent in Indonesia held a credit card. In comparison, only around *** percent of the poorest ** percent of the population owned a credit card. Visa and Mastercard are the most frequently owned credit cards by Indonesians. Credit card transactions in Indonesia Even though there were fewer credit card transactions in Indonesia, the value of those transactions increased throughout the COVID-19 crisis in 2020. To boost Indonesia's economic recovery from the crisis, Indonesia's central bank has cut the maximum credit card interest rate from **** to **** percent per month per July 2021 and decreased the minimum credit card payment from ** percent to * percent of its total balance each month per July 2022.

This statistic displays the distribution of credit cards issued in Indonesia in 2016, by bank. At the end of this year, Bank Mandiri issued the largest share of credit cards in Indonesia, with around ** percent of the total number of cards issued.

Indonesia Payments Infrastructure Market is Segmented by Payment Instrument (Card-Based Payments and More), Component (Hardware and More), Payment Channel (In-Store (POS), Online (E-Commerce & In-App), In-App P2P Transfers), Merchant Vertical Retail & Grocery and More). The Market Forecasts are Provided in Terms of Value (USD).

The usage of online marketplace in Indonesia increases due to Covid-19 pandemic and its supporting environment such as payment systems. This investigation was conducted to determine the effect of Website Quality on Online Impulsive Buying Behavior moderated by Sales Promotion and Credit Card Usage in Indonesian marketplace. This study uses quantitative methods with causal analysis. In this research, data was collected through online questionnaires and 275 respondents who used the marketplace website responded. This research uses PLS-SEM data analysis technique. The results of this study showed that three out of five hypotheses are accepted. This study shows that Website Quality, Credit Card Use, and Sales Promotion have positive significant effect on Online Impulse Buying Behavior. However, the result of this study also revealed interesting findings, that there is not enough evidence to support moderation effect of Credit Card use and Sales Promotion in the relationship between web quality and Online Impulse Buying Behavior.

The average value of a debit card transaction in Indonesia is predicted to decrease between 2024 and 2029, by over ******* USD. This is according to one of several forecasts made by Statista covering the debit card market in Indonesia. The Asian country is one of the less mature countries in the world when it comes to debit card penetration. This is reflected with the fact that the value of debit card payments makes up over ***** percent of the country's GDP. Moreover, debit cards are not one of the country's most popular payment methods.

The number of credit cards provided by BCA in Indonesia increased to around *****million cards by the end of 2024. After being severely hit by the 1997 Asian financial crisis, the Indonesian bank managed to recover remarkably. Today, BCA is again one of Indonesia's largest companies in terms of market capitalization.

As of May 2025, e-wallets dominated digital payment methods in Indonesia, used by ** percent of respondents. This usage is boosted by a young population and expanding mobile internet access. At the same time, banking platforms and Buy Now, Pay Later services have been widely adopted, demonstrating the growing trend toward flexible, cashless payments. Increased adoption of digital payments The country's most widely used e-wallets, such as Gopay, OVO, and Dana continue to grow due to their convenience, particularly with super apps such as Grab and Gojek, allowing daily transactions across all sectors. Meanwhile, Buy Now Pay Later systems are growing in popularity as consumers seek short-term credit options, particularly younger users or those who lack access to conventional bank credit. Digital finance trends The rapid adoption of digital payment platforms in Indonesia, driven by the Quick Response Code Indonesian Standard (QRIS), has facilitated the transition from traditional offline to online financial activities. Developed by Bank Indonesia, this national code simplifies payments by eliminating the need for a bank account or credit card. As financial literacy in Indonesia gradually improves, fintech and e-commerce services are on the rise, with digital payments transaction values expected to grow by more than ** percent by 2028. In the coming years, Indonesia aims to strengthen financial governance and move towards a cashless society.

In 2024, there were over ** billion e-money card transactions in Indonesia. Electronic money (e-money) is a non-cash payment instrument in addition to credit cards and debit cards. Users are able to use money that is saved on a card, phone, or the internet to conduct cashless payments.

Cash was the most used in-store payment in Indonesia in 2024, although its market share decreased by nearly ***percentage points since COVID-19. The dominant position of coins and paper money in physical stores is to decline in the future, with mobile wallets set to take over. Digital payment app Ovo - used predominantly for online food and offline payments at street food merchants - is expected to be one of the main benefactors of this development, if only because Singapore super app Grab had taken much of the ownership of Ovo in October 2021. ShopeePay was also a popular payment app in Indonesia, as it is integrated within e-commerce platform Shopee and often has promotions or cashback deals.

In 2023, the number of mobile wallet users in Indonesia reached around *** million people, indicating an increase of about ** million users compared to the year prior. A mobile wallet is a virtual wallet that stores payment card information on a mobile device, it is either a built-in feature or an app that can be installed onto smartphones. Notably, Go Pay emerged as the undisputed virtual wallet leader, with the majority of respondents in a July 2022 survey choosing it as their preferred e-wallet. Digital payment landscape The penetration rate of the digital payments sector in Indonesia experienced strong growth in 2024, with its two main segments expected to expand significantly by 2030. This growth indicates that Indonesia is relying more on digital payment methods following the growth of technology that continues to reshape financial landscapes. This trend is also shown through the rising revenue of the digital payments segment of the fintech market, which is expected to expand further in the coming years. QR code payments trend Indonesia’s shift towards the future of digital transactions continues to be evident. An interesting revelation from a consumer behavior survey in October 2022 is the growing interest in QR code payment methods. Most respondents expressed interest in QR code payment methods, and a large proportion indicated having engaged in this activity in the same year.