ElectraCard Services (ECS) has announced signing a 10-year, multi-million dollar agreement with PT. Collega Inti Pratama (Collega) banking technology services provider in Indonesia. PT. Collega has selected ECS to replace their legacy payment processing systems with ECS’ PA-DSS-compliant electra solution suite.
The ECS platform will help PT. Collega scale to drive 5,000 ATMs and process 10 million cards for 20+ banks and enable Collega to provide Value Added Services including remittances, bill payments, mobile top-ups, ticket bookings, Haj payments and teller initiated payment transactions.
Afrizel Aziz, President Director, PT Collega, said, Given our ambitious growth plans, we wanted to upgrade our payments infrastructure to a more scalable and robust platform. As such, we wanted a stable solutions partner with a strong track record in proven reliability, ease of integration and volume scalability. ECS’s impressive solution stack with a very high demonstrated performance benchmark, their singular focus on the payments domain and a long-term vision made them the ideal choice for this partnership.
Ramesh Mengawade, CEO, ElectraCard Services, said, Indonesia is a mature and extremely competitive payments market. We are confident that the electra suite will enable PT Collega to introduce innovative, market-leading solutions at competitive price points to further increase its market share.
With this alliance, PT. Collega also plans to launch new services like contactless payments, e-commerce and m-commerce acquiring, Islamic and conventional credit cards, financial inclusion and loyalty solutions.
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