Monday, December 18, 2017

Technological evolution in Biopower drives the future energy sector in India: Ken Research

Biomass is a source of fuel developed from organic materials which is a renewable and sustainable source of energy. Biomass is used to generate electricity or other forms of power. The biopower technologies convert these renewable biomass fuels into heat and electric energy. Burning, bacterial decay, and conversion to gas/liquid fuel are three ways to release the energy stored in biomass fuels to produce biopower. Bio-electricity is generated through direct combustion technique where biomass fuel is burned in a boiler to produce high-pressure steam. This steam runs over a series of turbine blades rotating them which drives a generator, thereby, producing electricity. Biomass is a substitute of coal in many existing power plant furnace in India, using co-firing process where two types of fuels are burnt at the same time.
Organic waste materials such as animal dung or human sewage are collected in oxygen-free tanks called digesters. The waste is decomposed by anaerobic bacteria producing methane and other by products forming renewable natural gas. This renewable natural gas can be purified and used to generate electricity. Biomass fuels undergo gasification and pyrolysis to convert from a gaseous fuel or a liquid fuel or vice-versa. Gasification process of solid biomass is carried out at high temperatures with very less supply of oxygen to produce synthesis gas. This gas is burned in a conventional boiler to produce electricity that is used to replace natural gas in small power plants. Pyrolysis process of biomass is carried out at lower temperature range with complete absence of oxygen to produce a crude bio-oil. This bio-oil is substituted with fuel oil or diesel in furnaces, turbines, and engines for electricity production.
According to the study “Biopower in India, Market Outlook to 2030, Update 2017-Capacity, Generation, Levelized Cost Of Energy (Lcoe), Investment Trends, Regulations And Company Profiles”, India’s renewable energy resources include solar, wind, small hydro, waste to energy, bio energy. All available conventional natural resources are expected to exhaust in near future including hydro power because water is now a scarce resource. Renewable natural sources such as wind and solar resource do not exhaust completely even if fully they are completely utilized. Other renewable natural resources are bio-wastes that can be converted in to energy. The leading players in the biopower sector are The Dhampur Sugar Mills Limited, Bajaj Hindusthan Ltd., Balrampur Chini Mills Limited, Mawana Sugars Limited, DCM Shriram Limited, EID Parry (India) Limited and Triveni Engineering & Industries Ltd.
Coal when undergoes combustion emits carbon soot and carbon monoxide causing respiratory diseases. Coal mining is a risky job and human right violation due to the unsafe environment. There were instances where miners were killed due to collapse of mining roofs and inhalation of hazardous gases such as Methane. Spillage of crude oil from oil rigs and pipelines into the water bodies are threatening the survival of marine life. Nuclear energy emits hazardous radioactive wastes which need to be handles for many years and any simple accident can cause human genetic mutations.
Majority of the rural population utilize traditional fuels such as wood, crop residue and animal manure cakes for their daily energy needs. However, combustion of these traditional fuels release poisonous gases and time consuming while collecting such fuels. Biopower ranks second in India’s energy sector with wind energy dominating and the country ranks fifth in renewable power globally. There are many standalone power plants in India based on wind, solar, biomass energy that are confined to a specified location, industry and many remote areas. Biopower is generally derived from agricultural residue such as husk, shell, strew, and deoiled cakes obtained after oil extraction. Domestic waste is also utilized to extract energy through various processes.
The renewable energy resources are expensive compared to the conventional energy resources. It was observed that the costs of clean energy such as wind and solar energy are deflating from few years. The introduction of clean energy resources has encouraged the Indian population to use portable solar cookers. Therefore, the clean energy sector is growing rapidly from the recent years. At few places, both wind and solar power plants are installed as two in one plants. This power is stored in batteries and Morni Hills in Haryana is first such plant. Solar panels were very expensive in the recent years exhibiting a very poor performance in solar energy sector. With falling prices the photo voltaic panels are now affordable with increased competitors. India’s largest solar plant is located in Madhya Pradesh and generates electricity for low price.
India has various fuels available for the power market and also has many established power plants with huge capacity. It was observed that Indian population in the rural areas are attracted towards the biopower because of huge availability of biomass, increase in employment rate, and cheapest energy source for low income group. These factors may attract establishment of several biopower projects to overcome the nation’s energy requirements. The affordable cost of the biopower is sure to drive the energy sector with many investors, while implementing government legislations. Indian biopower sector will witness a drastic growth over the coming years.
Key Topics Covered in the Report:
India Biopower Market Research Report
Biopower Generation Capacity India
Biopower Investments in India
India Major Biopower Plants
India Biopower Plants Regulations
Renewable Energy Resources Market Research Report India
Agricultural Residue in India
The Dhampur Sugar Mills Limited Market Share
Upcoming Biopower Projects in India
Bajaj Hindusthan Ltd Market Share In Biopower Sector
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Ankur Gupta, Head Marketing & Communications
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Innovative electronic devices in cards and payment industry drive the growth Malaysian banking sector: Ken Research

The cards and payment market in Malaysia includes payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. It was observed that the use of cash still remains relatively high in Malaysia and the payment technology is expected to grow rapidly over the coming years. Therefore, the Malaysian banks are providing payments products and services that are as easy to use, convenient, and secure to actively promote digital payments. Majority of the merchants are promoting card adoption with reward programs and benefits to encourage consumers to use their cards. Malaysia’s e-commerce market will witness a huge growth compared to the other Southeast Asian countries in the cards and payments sector in the near future. Malaysian cards and payments industry operations include credit transfers, payment cards, cash, direct debits, and cheques. The leading banks in Malaysia are Maybank, Bank Simpanan Nasional, CIMB Bank, Hong Leong Bank, Public Bank, Citibank, HSBC, Bankcard, AmBank, Global Payments, Visa, Mastercard, American Express which offer sophisticated cards and payment services such as contactless technology.
Bank Negara Malaysia (BNM) is actively supporting the development of Fintech in Malaysia by participating in events and regulatory training to help Fintech understand the regulatory landscape in the country. The country has created awareness among the population about the use of payment cards, electronic funds transfers and online banking services. Malaysia’s central bank has educated the population about the benefits of using financial cards, safe practices when using financial cards and going cashless. The country has also implementing PIN-enabled payment cards, an extra security measure for payment cards. The growth in the payment cards in Malaysia is expected to witness a positive growth over the coming years. A strong growth is expected in the category of debit cards compared to the other financial card categories.
According to the study “The Cards and Payments Industry in Malaysia: Emerging trends and opportunities to 2020”, the rural population in Malaysia depended on cash for the majority of their transactions. The government and banks provided basic financial and banking services while expanding banking infrastructure, launching new branches, promoting agent banking networks, and making efforts to change consumer payment habits. The payment cards such as debit cards, credit cards and charge cards were gradually accepted and massive growth in this sector was observed. Majority of the Malaysians are using their debit cards for cash withdrawals at ATMs rather than payments at merchant outlets. To encourage the consumers to use their debit cards at the merchant outlets for payments, the central bank in Malaysia plans to establish 800,000 point of sale (POS) terminals by the year 2020.
The growing preference for secure electronic payments and increasing young population in Malaysia using smartphone has encouraged banks to develop sophisticated payment service options and providers.  To encourage contactless payments, Malaysian banks are launching innovative electronic products. Samsung Electronics launched its Samsung Pay mobile wallet and Visa launched Visa Checkout in Malaysia. Maybank collaborated with Visa and launched an NFC wristband and Maybank Visa Payband to enable its customers to make payments with a wave of the wrist.
The central bank of Malaysia, Bank Negara Malaysia (BNM) and its auxiliary Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) has launched the JomPAY service to promote electronic payments. This JomPAY is a Malaysian government initiative supported by 42 banks offering a common payment platform for Malaysian consumers to make bill payments using online free of cost or mobile banking to any JomPAY-registered merchant using a savings account, current account or a credit card.  BNM also launched the e-Payment Incentive Fund (ePIF) that helps the banks to divert check processing fees to encourage consumers to adopt e-payments.
Malaysia’s contactless card technology has encouraged many consumers and currently reached a maximum penetration. The complete migration of payment cards to EMV standards with contactless functionality and awareness education by Malaysia’s central bank has increased in the contactless card penetration among Malaysian consumers. All major banks such as Maybank, Bank Simpanan Nasional (BSN), CIMB Bank, Public Bank, and Hong Leong Bank are offering contactless cards to all their consumers.
New opportunities in the payments industry such as adoption of Open Application Programming Interfaces (APIs), growth in digital payments, innovation in cross-border payments, and challenges from the entry of alternative service providers are impacting the Malaysian cards and payments industry. Almost all the consumers are becoming increasingly accustomed and benefitted to using cards for paying their transactions. Majority of the consumers own several credit cards and debit cards because they are a safe way to pay for purchases or make payments. It was observed that cards and payments industry in Malaysia is developing with technology, demographic, and regulatory dynamics.
Key Topics Covered in the Report:
Malaysia Bill Payment Market Research
Malaysia Money Remittance Industry
Alternative Payment Methods in Malaysia
Malaysia Cards and Payments Industry Trends
Consumer Payment Industry Malaysia
Malaysia Credit Card Industry Analysis
Malaysia Plastic Money Market
Malaysia Credit Cards Market Research
Malaysia Cards and Payments Market Research Report
M-Commerce Market Malaysia
Ecommerce Payment Industry Malaysia
Malaysia Payment Industry
Wallet Payment Market Malaysia
Plastic Card Money Malaysia
P2P Payments Malaysia
Online Payment Channels Malaysia
Debit Cards Market Malaysia
Credit Card Demand in Malaysia
Credit Card Demand Future Outlook Malaysia
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Kuwait Logistics Market is Anticipated to Grow at a CAGR of around 5% during 2018-2022: Ken Research

Increasing Government initiatives in Various Sectors, Increasing Prominence of 3PL Services backed up with Trade Scenario of the Country are the key factors driving growth in Kuwait Logistics Market.

Rising e-commerce industry in the country has triggered the demand for logistics and warehousing services in past few years. This has also accelerated the market size of express delivery. Majority of the companies in the country have tie ups with logistic companies to ship their products from warehouses to the end customers. The rise in demand for freight forwarding services from the factory units to the retail stores has also aided the overall market growth of the logistics industry. The warehousing companies have increasingly gained prominence in the market owing to high demand for storage of retail goods.

The oil sector plays a dominant role in the Kuwaiti economy, with the country estimated to own roughly 6.0% of the world’s oil reserves. Oil exports account for over 90% of Kuwaiti government revenues and 50% of nominal GDP. After the decline in oil prices since 2015, the logistics industry in Kuwait has witnessed decline in growth rate majorly owing to fall in trade of the country. Owing to dip in oil prices, the government of Kuwait has been largely focusing on economic diversification which has opened gates for several key projects in the power, transportation and health sectors which sustain spending and imports of materials such as ores and metals. Additionally, increase in the retail stores, super & hyper marts in the country has triggered the demand for logistics & warehousing space.

In Kuwait, the freight forwarding market is highly prevailing on account of expanding e-commerce, retail & manufacturing and express delivery industries. Rising e-commerce industry in the country has triggered the demand for logistics and warehousing services in the past few years. This has also accelerated the market size of express delivery, as all the companies in e-commerce industry in the country are offering the express delivery services. The demand for fresh and processed fruits & vegetables, meat, dairy and others are on rise with the increase in the urban and affluent population supported by change in their consumption habits which has aided the cold chain logistics industry revenue.

The report titled “Kuwait Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, By Cold Chain Logistics and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to 2022” by Ken Research suggested that increasing demand for cold storage goods and express delivery services will result in market growth at a positive CAGR in revenues in Kuwait logistics market in next 5 years till 2022.

Key Topics Covered in the Report:
·         3PL Companies In Kuwait
·         Agility Fleet Size Kuwait Future of Kuwait Logistics Market
·         Air Freight Demand
·         Aramex Competition Kuwait Logistics
·         Cold Storage Warehouses in Kuwait
·         Cold Transport Services in Kuwait
·         Competition In Kuwait Logistics Market
·         DHL Revenue Kuwait Logistics
·         Freight Forwarding Companies in Kuwait
·         Globe Express Services Market Logistic Sector
·         Globe Express Services Revenue From Logistics
·         Government Spending on Logistics and Infrastructure Kuwait
·         Growth Freight Forwarding Market Kuwait
·         Growth Kuwait Express Logistics Industry
·         International Domestic Revenue Kuwait Logistics
·         Kuwait Cold Chain Revenue
·         Kuwait Express Delivery Logistics Revenue 2017
·         Kuwait Freight Forwarding Revenue
·         Kuwait Logistics Market Future Growth
·         Kuwait Logistics Market Size

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Kuwait Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, By Cold Chain Logistics and by End Use Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to 2022: Ken Research

Kuwait Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, By Cold Chain Logistics and by End Use Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to 2022” provides a comprehensive analysis of the logistics market in Kuwait.

The report covers various aspects such as overall market size of Kuwait logistics, freight forwarding, warehousing, cold chain, third party logistics, express market in terms of value, segmentation on the basis of service mix (freight forwarding market, warehousing market and value added services) and by type of end use industries (oil & gas, engineering equipment, food & beverages, metals, automotive and others). The report also covers value chain analysis for logistics market, comparative analysis of Kuwait logistics market with other GCC logistics market, trends and developments, issues and challenges, industry norms and regulations and recent developments in the market. The report also covers the competitive landscape of the industry and comprehensive profile of leading and emerging players operating in the market.
The report includes future outlook and projections of the Kuwait logistics market, freight forwarding market, cold chain market, warehousing market, 3 PL market and express logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a competitive scenario for each market which exists in logistics industry to get an in-depth understanding of logistics sector in Kuwait.
Kuwait Logistics Market
The logistics market encompasses of freight forwarding, warehousing and value added services provided by domestic and international players. Market has witnessed a modest growth rate in past few years owing to the increase in the export and imports of the country and expanding e-commerce industry. The logistics market has increased at a CAGR of ~ % during 2012-2017. The market has increased from USD ~ million in 2012 to USD ~ million during 2017. Fall in oil prices since 2015 has affected the overall economic growth and export revenue of Kuwait in the past three years. This has affected the growth of logistics sector in recent years but as oil prices relatively recovered during 2017, logistics sector in Kuwait has witnessed improved growth rate. Rising industrial activities, increasing retail and manufacturing output have also driven the demand of logistics services in the country. Freight forwarding is the major contributor in the revenues of the industry contributing the percentage share of ~% in 2017, followed by warehousing (~ %) and value added services (~ %) during 2017.
Kuwait Freight Forwarding Market
The market has increased from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during 2012-2017. Expanding industrial activities, rising demand of online shopping and improving trade policies have driven the demand of freight forwarding industry in the country. Normal delivery has contributed a share of ~% (USD ~ Billion) in terms of revenues of the overall industry during 2017. Majority of the freight movement during this period has been undertaken through the Asia, North America and European Union flow corridor which accounted for a share of ~%, ~% and ~% respectively. Major players in Kuwait Freight Forwarding market are Global Logistics Group, Ability Trading & Logistics, Absolute Logistics and others.
Kuwait Warehousing Market
Kuwait warehousing market has increased from USD ~ million in 2012 to USD ~ million in 2017, growing at a CAGR of ~% during the period. The country is experiencing a major rise in the demand for warehousing services. Industrial retail has been the leading segment in the warehousing industry contributing ~% (USD ~ million) of the market share in terms of revenues in 2017. The expanding e-tail companies in the country have also triggered the growth of the warehousing industry in the country. The growth in the market is also driven by increased demand for outsourcing of warehouse services. Vendors in the market provide multiple value-added services to customers, including packaging and kitting, inventory management and others which is difficult to maintain during in-house warehouse operations. This has accelerated the demand of warehousing on lease and rent basis. Major players in Kuwait warehousing market include Mubarrad Transport Company, AGTUS, Move One Relocation and Compass Ocean Logistics.
Kuwait Third Party Logistics Market
Third party logistics has witnessed a robust growth in the past few years in Kuwait. The market is growing at a CAGR of ~% during 2012-2017, increasing from USD ~ million during 2012 to USD ~ million during 2017. Third-party logistics (3PL) outsourcing is rapidly gaining prominence as more corporations across the world are unable to manage their complex supply chains and hence are outsourcing logistics activities to the 3PL service providers. By outsourcing logistics activities to the 3PL service providers, corporations are able to solely concentrate on their core business operations resulting in cost-efficiency and improved delivery performance and customer satisfaction. The dominating companies in the segment are Mubarrad Transport Company, Trade Links, White Stores Company and others.
Kuwait Express Logistics Market
Kuwait express logistics market has grown from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during 2012-2017. The rising prominence of online shopping has majorly attributed to the increasing demand for express delivery, especially by B2C segments in past few years in the country. Air express has dominated the market of Kuwait express logistics during 2017. The dominating companies in the segment are Fed Ex, Aramex, DHL, UPS and others.
Kuwait Cold Chain Logistics Market
Kuwait cold chain market has augmented from USD ~ million during 2012 to USD ~ million in 2017 at a CAGR of ~% during 2012-2017. This growth was due to the increasing demand of cold chain logistics for preservation of fruits and vegetables coupled with the active participation by the pharmaceutical industry which has also registered substantial growth in the kingdom. The cold chain logistics has been largely dominated by cold storage which has contributed the largest share of ~% in the overall cold chain market during 2017. Cold transport has contributed a share of ~% in terms of revenues during 2017. Meat & sea food has contributed ~% in terms of revenues in overall market of cold chain. Vaccines and pharmaceuticals have contributed ~% in terms of revenues in overall market of cold chain during 2017.
Kuwait Logistics Market Future Outlook
Kuwait logistics market is expected to increase at a CAGR of ~% during 2018 to 2022 to reach at USD ~ million by 2022. Freight forwarding services will majorly contribute in the overall market of logistics with the share of ~% during 2022. This incline in share of the freight forwarding market will be on the account of various expansion projects. Rising retail and FMCG industry of the country will accelerate the demand for warehouse storage, transportation & logistics facility in upcoming years. Most of the FMCG & retail companies in the country require warehousing and cold storage to accommodate all the products safely. Warehousing industry will contribute a market share of ~% in terms of revenue during 2022.
Key Topics Covered in the Report:
  • Logistics Infrastructure in Kuwait
  • Value Chain Analysis for Kuwait Logistics Market
  • Kuwait logistics market size
  • Major Players in Kuwait Logistics Market
  • Competition in Kuwait Logistics Market
  • Kuwait Logistics Market Future Growth
  • Mubarrad Transport Market Share Logistics Industry Kuwait
  • Agility Fleet Size Kuwait
  • Future of Kuwait Logistics Market
  • Government Spending on Logistics and Infrastructure Kuwait
  • Globe Express Services market logistic sector
  • DHL revenue Kuwait Logistics
  • Aramex competition Kuwait logistics
  • Kuwait Freight Forwarding Revenue
  • Freight Forwarding Companies in Kuwait
  • Sea Freight, Land Freight, Air Freight Demand
  • Growth Freight Forwarding Market Kuwait
  • Kuwait Cold Chain Revenue
  • Cold Storage Warehouses in Kuwait
  • Cold Transport Services in Kuwait
  • 3PL Companies in Kuwait
  • Third Party logistics industry Kuwait
  • Market share leading companies Kuwait 3PL
  • Globe Express Services Revenue from Logistics
  • Kuwait Express logistics revenue 2017
  • International domestic revenue Kuwait logistics
  • Growth Kuwait Express Logistics Industry
Source: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/kuwait-logistics-market-research-report/142296-100.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
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Evolution in cards and payment industry infrastructure in Indonesia along with regulations encourages cashless payment options: Ken Research

The debit card transaction at ATM for cash withdraw is higher compared to the transactions at the merchant POS terminals.
The leading players in Indonesia’s debit cards market are Bank Rakyat Indonesia, Bank Central Asia, Bank Negara Indonesia and Bank Mandiri. the leading players in Indonesia’s credit cards market are Bank Rakyat Indonesia, Bank Central Asia, Bank Negara Indonesia, Bank Mandiri, HSBC and Citibank.
The frequency of credit card use has slowly increased in the recent years.
Majority of the rural population in Indonesia prefer cash over cards due to negligible awareness in electronic payments. Many of them do not hold a bank account and very few have limited access to banking infrastructure. Indonesian government and banks have taken initiatives to bring the unbanked population into the formal banking system and introducing payment cards which were readily accepted. Pay-later card or credit card market in Indonesia is still in the budding phase with very less penetration rate.  Consumers’ annual income plays a major role for credit card eligibility and it is one of the major reasons for the low penetration.
The cards and payment market in Indonesia include all debit cards, credit cards and charge cards. The payment instruments are cash, cheques, and payment cards. The banks adopted various strategies to market debit, credit and charge cards within the country. Credit transfers and cards are the traditional payment methods in Indonesia and consumers prefer such mode of e-commerce payments along with alternative payments such as digital and mobile wallets. The leading banks in Indonesia’s cards and payment sector are Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Central Asia, Bank Mandiri, Bank Danamon, CIMB Niaga, Bank Mega, Visa, Mastercard, American Express, and JCB.
According to the study “The Cards and Payments Industry in Indonesia: Emerging trends and opportunities to 2021”, the ever increasing Indonesia’s population has encouraged the use of payment cards for their spending over the recent years. The increase in Indonesia’s GDP per capita is expected to increase the scope of payment cards use over the coming years. Indonesia’s e-commerce growth is affected by the growing young population, the increasing online retailers, various payment methods, and rising customer confidence in e-commerce transactions.
Indonesian consumers are adopting contactless payments and Visa has launched its contactless service Visa payWave. This payment service enables Visa card holders to make contactless transactions without a PIN for transactions. Bank CIMB Niaga, Bank Tabungan Pensiunan Negara, UOB Indonesia, and Bank Mandiri adopted Visa payWave technology for their consumers card payments. Indonesia’s central bank is Bank Indonesia that provides security of payment systems to build customer confidence in payment cards. It has also made it a mandated to adopt six-digit PINs for debit and ATM cards, instead of four-digit PINs.
Indonesia’s demographic and economic development over the recent years has exhibited a potential rapid shift from cash based payments to alternative payments and also through mobile payments. Indonesians are price conscious and are easily attracted by any promotions and discounted products. Promotions and discounts are used as marketing tools to promote credit cards. The increasing consumers spending limit is a major factor affecting the payment options. The overall card payment adoption rate is promising in Indonesia and mobile payment systems has become the most widely available option with the launch of Go-Pay, T-Cash, and the e-wallet services. The future of cards and payments industry in Indonesia is very healthy and will continue growing because many consumers are utilizing financial cards as their payment options. Also the cards and payment industry infrastructures are developed throughout Indonesia and new regulations are encouraging the cashless payment options.
Key Topics Covered in the Report:
Indonesia Bill Payment Market Research
Indonesia Money Remittance Industry
Alternative Payment Methods in Indonesia
Indonesia Cards and Payments Industry Trends
Consumer Payment Industry Indonesia
Indonesia Credit Card Industry Analysis
Indonesia Plastic Money Market
Indonesia Credit Cards Market Research
Indonesia Cards and Payments Market Research Report
M-Commerce Market Indonesia
Ecommerce Payment Industry Indonesia
Indonesia Payment Industry
Wallet Payment Market Indonesia
Plastic Card Money Indonesia
P2P Payments Indonesia
Online Payment Channels Indonesia
Debit Cards Market Indonesia
Credit Card Demand in Indonesia
Credit Card Demand Future Outlook Indonesia
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204