{"id":865045,"date":"2025-06-30T10:05:31","date_gmt":"2025-06-30T14:05:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-and-jalin-awarded-best-retail-payment-technology-in-asia-by-the-asian-banker\/"},"modified":"2025-06-30T10:05:31","modified_gmt":"2025-06-30T14:05:31","slug":"euronet-and-jalin-awarded-best-retail-payment-technology-in-asia-by-the-asian-banker","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-and-jalin-awarded-best-retail-payment-technology-in-asia-by-the-asian-banker\/","title":{"rendered":"Euronet and Jalin Awarded Best Retail Payment Technology in Asia by The Asian Banker"},"content":{"rendered":"

\nEuronet and Jalin are honored for powering one of Asia\u2019s most ambitious multi-channel payment transformations
\n<\/h2>\n
\n

JAKARTA, Indonesia, June 30, 2025 (GLOBE NEWSWIRE) — PT Jalin Pembayaran Nusantara (Jalin), a subsidiary of Indonesia\u2019s state-owned holding company Danareksa and one of Indonesia’s Central Payment Infrastructures, and Euronet (NASDAQ: EEFT), a global leader in payments processing and cross-border transactions, have been awarded the “Best Retail Payment Technology Initiative in Asia Pacific”<\/strong> at the Asian Banker Global Financial Technology Innovation Awards 2025<\/strong>. The award acknowledges the companies\u2019 groundbreaking efforts in modernizing Indonesia\u2019s national payment infrastructure\u2014one of the most ambitious and complex projects of its kind in the Asia Pacific region.<\/p>\n

Jalin selected Euronet\u2019s Ren Payments Platform<\/strong><\/a> to modernize its payment processing environment, which powers a wide range of services delivered through member banks to millions of Indonesians. These include interbank ATM cash withdrawals and deposits, interoperable Point-of-Sale (POS) and QR code transactions, and support for regional interoperability through ASEAN’s cross-border QR payment initiative.<\/p>\n

A key highlight of this initiative was also the consolidation of the ATM networks of Indonesia\u2019s four state-owned banks\u2014BRI, BNI, Bank Mandiri, and BTN<\/strong>, collectively known as the Himbara<\/strong> group\u2014into a single nationwide platform under the ATM Link<\/strong> brand. This platform, operated by Jalin and powered by Euronet\u2019s ATM software and payments switch, represents a strategic shift toward shared infrastructure to boost operational efficiency, reduce capital expenditures and foster greater focus on customer innovation.<\/p>\n

\u201cThis award is a testament to the strength of our collaboration and the transformative power of the Ren Payments Platform,\u201d said Sundeep Rawal, Managing Director, Euronet Indonesia<\/strong>. \u201cBy delivering a scalable, real-time, and cloud-native system, we\u2019ve helped create a truly modern and inclusive payment ecosystem for Indonesia. What sets the Ren platform apart is its versatility to handle a wide spectrum of services across ATMs, POS terminals, QR code transactions and cardless payments<\/strong>\u2014all within a single, unified infrastructure. This allows our partners to simplify operations, drive innovation faster and serve customers more efficiently across both physical and digital channels.\u201d<\/p>\n

\n Ario Tejo Bayu Aji, CEO of Jalin<\/strong>, added, \u201cThis initiative represents more than just a technological upgrade\u2014it\u2019s a showcase of how collaboration among state-owned enterprises can deliver strategic, nation-scale infrastructure. Our partnership with Euronet has been instrumental in bringing this modernization vision to life.\u201d<\/p>\n

The initiative has already achieved significant results. Over 4,500 ATMs<\/strong> now operate under the ATM Link<\/strong> brand, replacing the previously fragmented networks of individual Himbara banks.<\/p>\n

This initiative is aligned with the country’s accelerating shift toward digital payments. According to Bank Indonesia, digital transaction volume in 2024 grew by over 30% year-on-year, driven by mobile banking, QRIS usage, and fintech adoption. This rapid growth underscores the need for robust, flexible, and interoperable platforms like Ren to support Indonesia\u2019s digital transformation agenda.<\/p>\n

\n

\n About Euronet<\/strong>\n <\/p>\n

Founded in 1994, Euronet<\/strong> (NASDAQ: EEFT) is a global leader in payments and cross-border transaction services. Its real-time digital and cash payments network spans more than 200 countries and territories<\/strong>, with:<\/p>\n