Credit Card Industry growth decrease Being a 5% -7%: http://www.lppi.or.id/index.php/module/Blog/sub/9/id/pertumbuhan-industri-kartu-kredit-turun-menjadi-5-7/19 May 2011
Bank Indonesia estimates that the credit card industry growth will decrease from an average growth of 10% -15% per annum to 5% -7% this year. On that case is triggered by the central bank sanctions to Citibank NA Indonesia in the form of suspension of new customer acquisition.
This year is an opportunity for the credit card issuer to redefine the business growth. This incident was a turning point for managing the credit card industry with a more cautious and wise.
Due to Crisis, Credit Card Issuers are More Strict in Selecting New Customers: www.matabumi.com, 9 December 2008
The global financial crisis has affected the credit card business in Indonesia. The Indonesian Credit Card Association (AKKI) predicted that credit card issuers would begin to decrease new client expansion and become stricter in collecting fees. Per July 2008, AKKI’s 21 members have issues 10.7 million credit cards. The total transaction value for 2008 rose by 17 percent compared to the previous year. Per July 2008, the total credit card billing value was Rp.59 trillion.
Credit Card Services in Indonesia
Indonesia Industry Report and Market Research
April 15, 2015
Industry Code : K8124
Forecast to : 2019
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.
The primary activities of firms in this industry are:
Providing Credit for the Purchase of Goods and Services in on credit terms.
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.