ALTO Interbank Network Capitalizes on Indonesian Digital Payments Growth with ACI Worldwide
April 25 2019 - 1:00AM
Business Wire
As adoption of digital payments accelerates in
Indonesia, ACI’s UP Retail Payments solution empowers ALTO to
capture growing market opportunity
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today
announced that ALTO, a leading interbank switch in Indonesia, is
expanding its payments capabilities with the next generation of
ACI’s UP Retail Payments solution.
ALTO selected ACI as its strategic payments technology partner
to address new regulatory requirements, capture growth in
alternative payments and respond to future developments of the
national payment gateway within the Indonesian market. ALTO
currently provides digital payment services to banks, payment
gateways, billers, corporates and merchants, utilizing the latest
technologies. The implementation of ACI’s UP Retail Payments
solution demonstrates ALTO’s approach to partnering with an
established global player, enabling a strong foundation for faster
development and the addition of new payment endpoints in a market
that is expected to register double-digit growth in digital
commerce over the next five years.
ALTO will initially use ACI’s UP Retail Payments for card-based
transaction switching, followed by expansion to address
non-card-based transactions including a range of alternative
payment methods and merchant acquiring. ACI’s market-leading
solution also opens up opportunities for ALTO to develop
partnerships with new market entrants, increase interoperability
with a wide range of financial institutions and intermediaries, and
enable payments innovation that will benefit ALTO’s member banks
and their customers.
“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.”
“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.”
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company,
powers electronic payments for more than 5,100
organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries, as well as thousands of
global merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our electronic bill presentment and payment services.
Through our comprehensive suite of software solutions delivered on
customers’ premises or through ACI’s private cloud, we provide
real-time, immediate payments capabilities and enable the
industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit
www.aciworldwide.com. You can also find us on
Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2019.
ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI
Universal Payments, UP, the UP logo, ReD, PAY.ON and all ACI
product names are trademarks or registered trademarks of ACI
Worldwide, Inc., or one of its subsidiaries, in the United States,
other countries or both. Other parties’ trademarks referenced are
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Product roadmaps are for informational purposes only and may not
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release and timing of future product releases remains at ACI’s sole
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accordance with ACI's standard product communication policies. Any
resulting features, functionality, and enhancements or timing of
release of such features, functionality, and enhancements are at
the sole discretion of ACI and may be modified without notice. All
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should not be relied upon in making a purchasing decision.
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Media Contacts:ACI WorldwideDan RingEmail:
dan.ring@aciworldwide.comPhone: +1 (781) 370-3600Christopher
TaineEmail: christopher.taine@aciworldwide.comPhone: +49 (0) 89
45230 557
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