Retail Banking Country Snapshot: Indonesia 2016

Indonesia has a sizable segment that resembles a development stage similar to markets such as Malaysia

Market Research Report Store(MRRS) adds "Retail Banking Country Snapshot: Indonesia 2016" new study, published in April 2017. It is a professional and in-depth study.

Get full report details at:
https://www.marketresearchreportstore.com/shop/retail-banking-country-snapshot-indonesia-2016

Summary
Indonesia has a sizable segment that resembles a development stage similar to markets such as Malaysia. Consumers within this segment are very much like those in developed markets, whereby they embrace the convenience brought to banking by digital platforms and are sensitive about price. On the other hand, a significant proportion of the adult population still do not have a bank account. This highlights the massive opportunities that lie ahead in the Indonesian retail banking sector.

Key Findings
– Overall, Trust and Fear were the highest rated, meaning consumers value honesty and are still somewhat wary of banks. This indicates that providers have yet to gain the trust of their customers – unsurprising in a market where few consumers have had long relationships with any financial institution.
– Reputation, branch location, and ease of application are the most influential factors driving choice of provider. Reputation is key, which favors established providers. Consumers also place high importance on branch proximity, which is not surprising given that the market is still highly unbanked and fragmented by islands.
– As a developing market with a fairly large unbanked population, the savings account market in Indonesia has been experiencing high growth. Going forward it is expected to grow at an even faster rate, partly driven by the government’s initiative to enhance financial inclusion.
– As in other markets in Asia Pacific, online has become a preferred channel for routine banking activities. However, mobile will rapidly make inroads as smartphone penetration has reached the masses. New clients from the unbanked are more likely to be accessing the internet via their phones and so we expect a shift towards mobile banking, particularly among young consumers.

Synopsis
Verdict Financial’s “Retail Banking Consumer Insight: Indonesia 2016” reviews the retail banking sector in Indonesia, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our global Retail Banking Insight Survey.

The report offers insight into:
– How consumers in Indonesia take out and use their financial products, and how this has changed in recent years.
– Which providers dominate the current account, savings, mortgage, and loan markets, and what factors persuaded their customers to choose them.
– The extent to which consumers are using online and mobile channels to research, take out, and use their financial products.

Reasons To Buy
– Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Indonesia’s retail banking sector.
– Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
– Learn about the impact new entrants and distribution channels will have on the market.

Get full report details at:
https://www.marketresearchreportstore.com/shop/retail-banking-country-snapshot-indonesia-2016

Contact :
Fiona
Sales Director
Tel: +00-1-626-3463946 - U.S
E-mail: fiona@marketresearchreportstore.com
Web:http://www.marketresearchreportstore.com/


Contact Details

Company Name: Market Research Report Store
Issued By: Fiona
Phone: 1-626-3463946
Address: U.S
City: U.S
State: U.S
Zip: 91748
Country: United States
Website: Visit the website

Keywords : report,

by Fiona (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.