Overall, consumer credit is expected to see strong growth in Indonesia in the forecast period. The purchasing power of the lower- and middle-income segments, which will not fully recover in the next 1-2 years, will be the main driver.
The use of BNPL Indonesia will continue to show positive growth over the forecast period. The proportion of consumers who use pay later services more than once a month is increasing rapidly, attracted by ease of access and payment flexibility.
No longer the monopoly of fintech players, BNPL is now increasingly being offered by banks in a trend set to persist throughout the forecast period. The main benefit banks offer is lower interest compared to fintech players.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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