Finance markets

Indonesia Integrated Financial Markets and Investment Opportunities Report 2022: Market Expected to Grow 44.6% to $1,821.1 Million in 2022 – Forecast to 2029 –

DUBLIN–(BUSINESS WIRE)–The report “Indonesia Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” has been added to from offer.

Indonesia’s integrated finance industry is expected to grow by 44.6% on an annual basis to reach US$1,821.1 million in 2022.

The integrated finance industry is expected to grow steadily over the forecast period, registering a CAGR of 28.8% over the period 2022-2029. The integrated financial revenue in the country will increase from US$1,821.1 million in 2022 to US$7,402.1 million by 2029.

Indonesia’s integrated insurance industry has seen significant growth over the past quarters, and the publisher expects the market to see strong growth over the next four to eight quarters. Market growth is expected to be primarily driven by product innovation and increasing partnerships.

Moreover, amid the growing demand for insurance services in the country, insurtech start-ups are raising funds to improve their services and platform to meet the growing demand.

  • In September 2020, insurtech startup PasarPolis announced that the company had raised US$54 million in its Series B funding round from investors including LeapFrog and SBI Investments. Notably, the company plans to use the funding round to further improve and develop its AI-based claims automation platform, allowing it to customize insurance products for different industries.

In Indonesia, insurtech companies are entering into strategic partnerships with e-commerce platforms to expand their reach.

  • Qoala, the insurtech company that offers microinsurance policies, has strategic alliances with various online-only platforms such as Shopee, Tokopedia, JD.ID, and Grabkios. In addition to these e-commerce platforms, the company has also entered into strategic partnerships with travel booking companies such as RedBus and PegiPegi.

Therefore, the publisher expects an increasing number of collaborations over the next four to eight quarters as insurers plan to expand their distribution channels to gain greater market share in the Indonesian integrated insurance market.

Indonesia’s integrated lending industry has seen growth in recent quarters and is expected to continue to grow over the next four to eight quarters. This growth is expected to be mainly driven by the considerable growth of the fintech industry in the country.

Fintech start-ups have challenged traditional banks by bringing modern technologies, customer-centric services and flexible technologies to niche segments of financial services. Growth in fundraising activities is expected to further accelerate market growth.

  • In June 2021, US-based credit and payments platform Fairbanc raised an undisclosed pre-Series A investment from ADB Ventures, the venture capital arm of Asian Development Bank Accion. Venture Lab, East Ventures, Michael Sampoerna Group and others. Funds raised by the company will be used to expand its reach in the Indonesian market.

Indonesia has always been ripe for innovative payment methods. Due to geographical and infrastructural barriers, more than half of the country’s population does not have access to banking services. Due to this large unbanked population, the demand for integrated payments is increasing. Market growth is further fueled by the massive growth of the country’s e-commerce industry. Furthermore, the integrated payment options are an effective tool to bring financial inclusion to the unbanked population of the country.

According to the publisher’s analysis, the transaction value of e-money has increased from nearly US$10 billion in 2019 to more than US$13 billion in 2020. total electronic transactions. Data represents a huge opportunity for integrated payment providers in the retail and transportation industries.

Local fintech companies currently dominate the Indonesian in-app payments market. Businesses are eager to innovate with new payment methods and increase their revenue streams to create greater economic impact.

This report provides detailed, data-driven analysis of market opportunities in more than 50 integrated finance industry segments spanning lending, insurance, payments and wealth.


Indonesia Integrated Finance Market Size and Forecast

Indonesia Embedded Lending Market Size and Forecast

Embedded Loans by Consumer Segments, 2020 – 2029

  • Business loans

  • Retail Loan

Integrated loans by B2B sectors, 2020 – 2029

  • Retail and consumer goods integrated lending

  • Loans embedded in IT and software services

  • Integrated loans in media, entertainment and leisure

  • Loans integrated into manufacturing and distribution

  • Loans integrated into real estate

  • Loans included in Other

Integrated loans by B2C sectors, 2020 – 2029

  • Retail Integrated Lending

  • Integrated Home Improvement Loans

  • Loans integrated into leisure and entertainment

  • Loans integrated into health care and well-being

  • Loans included in Other

Indonesia Integrated Insurance Market Size and Forecast

Integrated insurance by industry, 2020 – 2029

  • Insurance embedded in consumer products

  • Integrated travel and hospitality insurance

  • Integrated car insurance

  • Insurance integrated into health care

  • Integrated insurance in real estate

  • Integrated transport and logistics insurance

  • Insurance integrated into other

Integrated insurance by type of insurance, 2020 – 2029

  • Insurance integrated into the life segment

  • Insurance integrated into the non-life segment

Integrated insurance by type of offer, 2020 – 2029

  • Insurance integrated into the product segment

  • Integrated insurance in the services segment

Indonesia In-App Payments Market Size and Forecast

Integrated payment by consumer segments, 2020 – 2029

Integrated payment by end-use sector, 2020 – 2029

  • Integrated payment in retail and consumer goods

  • Integrated payment in digital products and services

  • Payment integrated into utility bill payment

  • Integrated Payment in Travel and Hospitality

  • Integrated payment in leisure and entertainment

  • Integrated payment in health and well-being

  • Integrated payment in office supplies and equipment

  • Embedded payment in Other

Indonesia Integrated Wealth Management Market Size and Forecast

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