Pune-based ElectraCard Services (ECS) provider of software and processing solutions for enterprise payment systems, announced a 10-year agreement with Indonesia's PT. Collega, a 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. However, both the companies have not disclosed financial details of this deal.
PT. Collega offers ATM driving, inter-bank and network switching and card processing services for banks across Indonesia.
Collega has initiated its technology modernization effort to facilitate an advanced services offering to its member banks.
The ECS platform will help PT. Collega scale to drive 5000 ATMs and process 10 million cards for 20 plus 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.
Commenting on this, 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."
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.
Ramesh Mengawade, CEO, ElectraCard Services said, "Indonesia is a mature and extremely competitive payments market. The electra suite will enable PT Collega to introduce innovative, market-leading solutions at competitive price points to further increase its market share."
