The Indonesian prepaid card and Digital wallet market is expected to grow by almost 10% in 2025, according to a new report.
The ReportCompiled by research and markets, projecting a growth of 8.4% for the short and digital wallet sector, which gives its market value to $ 7.94 billion by the end of 2025. While the sector has grown since 2020, analysts from research and markets predict a continuation of the high meters until 2029.
The report looks at a composed annual growth rate (CAGR) of 6.6% between 2025 and 2029, which is prepared to increase market value to over $ 10 billion. Between 2020 and 2025, the industry’s CAGR stood at 13%, but stiffer regulations and a changed consumer climate can slow down the growth of the industry.
The largest driving force for growth is massive technical improvement in Indonesian financing landscape. Prepaid Cards can be seamlessly integrated with Digital wallets And mobile payment platforms, expand their usefulness in addition to traditional POS use cases.
With contactless cards that go mainstream, prepaid card solutions are sufficient wider adoption levels in Indonesia. In addition, the e-commerce and rides sectors drive the need for prepaid card solutions, while the gigantic progress in cross -border payments Plays its role in the growth of the sector.
“When the adoption of digital payment technologies speeds up, prepaid cards will become an even more essential part of Indonesia’s financial ecosystems,” read the report.
Analysts in research and markets report that cards with closed loops accepted by specific retailers will see that their market share growth slowly down before the end of the decade. On the other hand, Open-Loop cards will be the largest growth driver after card type, with the middle of levels that lead in business segmentation.
The report highlights the growing virtual prepaid card market and predicts that the segment will register a two -digit CAGR during that review period.
When it comes to market shares, mainstream financial institutions will be the largest cohort, exploit its customer base and new digital bank features. However, the report predicts the increase in New Fintech with its suite with innovative prepaid card solutions to snagge market shares from the industry’s heavyweights.
Indonesia braces for changes in its financial ecosystem
Players in Indonesia’s financial ecosystems are ready for a number of changes that are ready to change the local landscape. To begin with, the land is Transitional surveillance of the digital asset sector to the Financial Services Authority from the Ministry of Commerce.
While the transition is the most seismic in terms of influence, investors keep their eye on the goods of potential changes to introduce Double taxation to digital currencies. In addition, the country’s central bank loses its central bank Digital Currency (CBDC) experiment.
Thailand’s prepaid card market will be able to cope with a valuation of $ 18.64 billion 2025
While the prepaid card market in Thailand Also grows and is tipped to achieve a valuation of $ 18.64 billion by the end of 2025.
According to another research and markets ReportThe sector’s impressive growth rate will continue on its current course until the end of the decade. The report sets the composite annual growth rate (CAGR) to 13.4%, which will see it reach a top of $ 30.87 billion in 2030.
Several factors are responsible for the industry’s estimated growth, including the speed of financial innovation and strong regulatory support from the government. The Southeast Asian country has advocated for a cashless economy, and prepaid card issuers are waved to reap the benefits of a political change.
Thailands Digital Money SchemeDesigned to provide cash to millions of citizens, is considered an important growth driver for the prepaid card market in the middle of a series of digital wallet integrations.
The report highlights the increasing trend with digital wallet integrations with prepaid cards and their rising tools for cost management of corporate units. Companies quote real -time monitoring benefits and the opportunity to improve the company’s expenses.
The report predicts an increase in “customized prepaid card offers” for cases of corporate financing to broaden access to Thailand.
Ordinary commercial banks will continue to dominate the industry, given their massive customer base and headstart in Digital bank. The report lists Bangkok Bank (Nasdaq: Bkkly), Kasikorn Bank and Siam Commercial Bank as Trio with the largest market share but suggests the emergence of new fintech companies.
Among the new participants in space, Truemoney, Rabbit Line Pay and Airpay map a road and offer prepaid card offers with digital wallet integration and a variety of personal solutions for consumers. Over the past two years, the local ecosystem has been dotted with a number of partnerships and new launches from new participants in space, but larger players also snap growth companies in high -profile acquisitions.
A changed financial landscape
Thai authorities lean on digital assets to improve the sector and famous to turn to digital currencies as Electronic cash in phuket.
Thai authorities are also pushing on a government -supported Stablecoin for residents while the pioneering one $ 149 million Digital band During the third quarter of 2025. Not anxious to settle for local development, Thailand rides on the wave of important regional partnerships to improve the payment permit in Asia and the Pacific.
See: New Age of Payment Solutions
https://www.youtube.com/watch?v=W4varzerwuw Title = “Youtube video player” Ramborder = “0” Allow = “Accelerometer; Autoplay; Clipboard Writing; Encrypted-Media; Gyroscopes; Image-in-Image; Web-Share” Reference Policy = “Strict-Origin-When-Cross-ORIGIN” permitting lorscene = “” “