Mobile Payments Market in Indonesia Shows Steady Growth Rate (CAGR 8.5%) Towards 2020, Finds New Report
Indonesian Demographic Profiles: Indonesia, with its huge unbanked population, more than 75% of total population in 2014, is certainly an attractive country for mobile payments especially in Java & Sumatra islands, amongst the significant number of young generations (15 – 29 years old). The rapid increase of mobile penetration is dominated by three providers (Telkomsel, Indosat, and XL).
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