The Indonesian market remains heavily cash-reliant with limited awareness of electronic payments and inadequate payment infrastructure. However, the country is making gradual progress to reduce cash dependence.
GlobalData’s report, ‘Indonesia Cards & Payments: Opportunities and Risks to 2023’, reveals that similar growth could be seen in the card payment volume as well, from 1.0 billion in 2019 to 1.4 billion in 2023.
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