Indonesia The market for credit and charge card payments in ’s is expected to increase by 3.2% in 2025, reaching $27.9 billion, as per data from GlobalData.
This expansion is fueled by heightened consumer expenditure along with a growing inclination towards contactless payments. This trend is further bolstered by various promotions like cash back rewards, payment installments, and adaptable credit terms.
In 2024, the market experienced an increase of 7.8% in value, indicating a notable change in how consumers behave.
According to GlobalData, the market is projected to expand at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2029, with projections indicating it will reach $39.2 billion by 2029.
Even though they have less widespread use than debit cards, the adoption of both credit and charge cards is growing.
Typically, each credit or charge card was utilized 24.2 times in 2024, whereas debit cards were only used an average of 3.9 times. The usage frequency is projected to increase to 30.9 instances by 2029.
Kartik Challa, who works as a Senior Banking and Payments Analyst at GlobalData, mentioned that the introduction of the domestic credit card system called Kartu Kredit Indonesia (KKI) has facilitated greater use of credit cards by providing localized choices for customers. The appeal continues to be driven by cashback offers, discounts, and reward programs aimed at attracting more users.
The development of payment systems has likewise played a role in boosting the market’s expansion.
The count of point-of-sale (POS) terminals in Indonesia increased from 1.4 million in 2020 to 2.2 million in 2024, with projections indicating it will likely hit 3 million by 2029.
In 2024, Indonesia boasted 7,793 point-of-sale (POS) terminals per million inhabitants, surpassing figures from nations such as India, Vietnam, the Philippines, and Cambodia.
Even with persistent worldwide trade conflicts and geopolitical hazards, the credit and charge card sector is anticipated to keep growing.
