ACI to expand Indonesia-based ALTO’s payments capabilities

Leslie Choo, MD – Asia, ACI Worldwide

Real-time electronic payments and banking solutions provider, ACI Worldwide‘s UP Retail Payments Solutions has been selected by the Indonesian interbank switch ALTO with an aim to expand its payment capabilities.

“As the Indonesian payments ecosystem rapidly digitizes, reacting quickly to market changes and developing new payments capabilities is paramount. The ability to tap into the full ACI Universal Payments portfolio was a key factor in selecting ACI, as we embark on our transformation journey with a view towards the emergence of a stronger Indonesian payment system, as well as cross-border payment flows across the ASEAN community and the rest of the Asian countries,” said Armand Widjaja, CEO, ALTO. “In addition, non-functional requirements such as platform stability and scalability were key priorities for our IT operations – an area where ACI has a strong track record.”

According to the supplier, with ACI’s next generation payments solution, ALTO aims to address new regulatory requirements, capture and track the alternative payments market in Indonesia. The solution will enable the interbank network to establish card-based transaction switching, new payment endpoints, partnerships with new market entrants, increase in interoperability with a wide range of financial institutions and intermediaries, and enablement of payments innovation that will benefit ALTO’s clients.

“Alternative payment methods, including those emerging to address growth in mobile and eCommerce, are evolving quickly across Asia – and Indonesia is one of the highest-growth regions with a booming digital commerce marketplace,” said Leslie Choo, managing director – Asia, ACI Worldwide. “Any company that wants to succeed and become a dominant player in this market needs to be proactive and anticipate future trends. ALTO is strongly positioned to do just this, and to play a pivotal role in Indonesia’s emerging new payments ecosystem.”

Recently, ACI’s UP Retails Payment Solution was selected by Ecuador-based interbank network BANRED in a bid to deliver digital payments experience to banks and merchants in Ecuador.

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