Euronet Worldwide and Its Ren Platform to Drive Payments Transformation Strategy at Indonesian Digital Banking Leader, Bank Neo Commerce (BNC)
“The Indonesian people are adopting digital payments quickly, but there is still a long way to go as compared to the pace of digitalisation in other Asian countries,” said Aditya Windarwo, Business Director of BNC. “We believe that payments technology should be designed such that people will turn to it automatically to solve their issues. As a tech-based bank that aspires to be one of the top three digital banks in
Retail digital payment transactions in
Adoption of BNC’s products and services are also growing with quick adoption in terms of downloads, daily active users and monthly active users in
A large part of BNC’s digital payments transformation strategy is to reach the underbanked. With
- In-country payment processing infrastructure:
Euronethas provided payment processing services to the local market from its PCI-DSS compliant Indonesian payment processing infrastructure for more than a decade. This has helped its customers – existing and new ones – to launch programs in an accelerated manner because the infrastructure is already compliant to local regulations. Euronetalso has enabled pre-connected touch points to domestic networks and international schemes.
- API-based configurable platform: With Ren,
Euronetoffers a sophisticated, highly configurable payment platform with APIs, sandboxes, and efficient microservices for affecting change and building new feature functionality.
- Payments in a box:
Euronethas offered a range of services to BNC covering card management (including both virtual and physical cards), switching, gateway services (international and domestic), reconciliation reports, interbank fund transfers, core banking connections and API-based mobile / internet banking connections.
“BNC is one of the fastest growing digital banks in
About Bank BNC
The Bank started in 1990 as
Recently, BNC was named on Forbes' 2022 World’s Best
About the Ren Payments Platform
Ren is an end-to-end payments platform from Euronet that breaks architectural paradigms to keep pace with global payment trends. In addition to processing billions of transactions per year for Euronet, Ren’s technology is utilized by third parties for integration into their own business applications to oﬀer issuing, acquiring and real-time payment services with total freedom in commercial and technological terms. From banking and fintechs to retailers and gaming properties, a wide range of industries beneﬁt from Ren’s cloud-ready, microservices-based architecture — in addition to its ﬂexible pricing models and customer-centric solutions. Learn more at www.renpayments.com.
About Euronet Worldwide, Inc.
Euronet Worldwide is a leading global financial technology solutions and payments provider. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of digital media and prepaid mobile phone time.
Euronet Worldwide Inc. Stephanie TaylorDirector of Financial Planning and Investor Relations Euronet Worldwide, Inc.+1-913-327-4200 firstname.lastname@example.org
Source: Euronet Worldwide, Inc.