Source: ACI Worldwide
ACI Worldwide (ACIW), a leading global provider of real-time electronic payment and banking solutions, and PT Indopay Merchant Services (Indopay), a subsidiary of Indonesia banking solutions provider PT Abhimata Persada, today announced that ACI’s UP eCommerce Payments solution will drive Indopay’s expansion into the eCommerce market in Indonesia and across Asia.
Senior representatives from both companies will present their views on the rapidly expanding global eCommerce marketplace at an eCommerce Disruption Opportunity executive summit on Friday, June 17 in Jakarta.
The Indonesian eCommerce marketplace is already the second-largest in Asia, and is growing at an annual rate of more than 33 percent according to analyst estimates. eCommerce provides merchants worldwide with incredibly lucrative revenue opportunities, but major impediments include the challenges of accepting locally-preferred payment methods as well as cross-border payment processing, especially for those restricted by legacy processing infrastructure. Through the Indopay platform, Indonesian merchants can rapidly expand and succeed anywhere in the world by leveraging ACI’s global network of more than 350 alternative payment methods and acquirers in over 160 countries—the most extensive global network of payment connections in the market. This is augmented by extensive payments expertise, and global fraud prevention capabilities backed by expert risk analysis.
“ACI and Abhimata Persada have been working together for many years to provide electronic payments and fraud prevention solutions to banks and merchants across Indonesia. Now, through this exciting collaboration between Indopay and ACI, we will be delivering world-class eCommerce payment processing to merchants in Indonesia that are looking to take advantage of the exploding demand for online and mobile shopping services,” said Darwin Sariaatmadja, CEO, Indopay. “Flexible payment alternatives are proven to convert online shoppers into customers, and ACI’s UP eCommerce solutions make that not only possible, but also simple and secure for merchants and PSPs like Indopay.”
“Because today’s consumers are dynamic and demanding, today’s merchants are under ever-increasing pressure to deliver optimal customer experiences or risk customer attrition. In order to succeed and gain market share in this challenging environment, merchants must make payments a seamless part of the consumer experience, a daunting task,” said Leslie Choo, GM - ASEAN & North Asia, ACI Worldwide. “UP eCommerce Payments makes eCommerce simple, global and secure.”
UP eCommerce Payments empowers merchants and the payment service providers (PSPs) that serve them to capitalize on the $2.2 trillion global eCommerce opportunity by embracing payments innovation.