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Euronet and Jalin Awarded Best Retail Payment Technology in Asia by The Asian Banker

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Euronet (NASDAQ: EEFT) and PT Jalin Pembayaran Nusantara (Jalin) have been awarded the "Best Retail Payment Technology Initiative in Asia Pacific" at the Asian Banker Global Financial Technology Innovation Awards 2025. The recognition comes for their collaboration in modernizing Indonesia's national payment infrastructure using Euronet's Ren Payments Platform.

A key achievement of this partnership was the consolidation of ATM networks from Indonesia's four state-owned banks (Himbara group) into a single nationwide platform under the ATM Link brand, now operating over 4,500 ATMs. The platform supports various services including interbank ATM transactions, POS and QR code payments, and participation in ASEAN's cross-border QR payment initiative.

The initiative aligns with Indonesia's digital transformation, with Bank Indonesia reporting a 30% year-on-year growth in digital transaction volume in 2024, driven by mobile banking, QRIS usage, and fintech adoption.

Euronet (NASDAQ: EEFT) e PT Jalin Pembayaran Nusantara (Jalin) hanno ricevuto il premio "Migliore Iniziativa Tecnologica per i Pagamenti al Dettaglio nell'Asia Pacifico" agli Asian Banker Global Financial Technology Innovation Awards 2025. Il riconoscimento è stato assegnato per la loro collaborazione nella modernizzazione dell'infrastruttura nazionale dei pagamenti in Indonesia tramite la piattaforma Ren Payments di Euronet.

Un risultato chiave di questa partnership è stata la consolidazione delle reti ATM delle quattro banche statali indonesiane (gruppo Himbara) in un'unica piattaforma nazionale sotto il marchio ATM Link, che ora gestisce oltre 4.500 ATM. La piattaforma supporta vari servizi, tra cui transazioni interbancarie ATM, pagamenti POS e con codice QR, oltre alla partecipazione all'iniziativa ASEAN per i pagamenti transfrontalieri tramite QR.

L'iniziativa è in linea con la trasformazione digitale dell'Indonesia, con Bank Indonesia che ha riportato una crescita del 30% anno su anno nel volume delle transazioni digitali nel 2024, trainata dall'uso del mobile banking, QRIS e dall'adozione delle fintech.

Euronet (NASDAQ: EEFT) y PT Jalin Pembayaran Nusantara (Jalin) han sido galardonados con el premio "Mejor Iniciativa Tecnológica para Pagos Minoristas en Asia Pacífico" en los Asian Banker Global Financial Technology Innovation Awards 2025. Este reconocimiento se debe a su colaboración para modernizar la infraestructura nacional de pagos de Indonesia utilizando la plataforma Ren Payments de Euronet.

Un logro clave de esta asociación fue la consolidación de las redes de cajeros automáticos de los cuatro bancos estatales de Indonesia (grupo Himbara) en una sola plataforma nacional bajo la marca ATM Link, que ahora opera más de 4,500 cajeros automáticos. La plataforma soporta diversos servicios, incluyendo transacciones interbancarias en cajeros automáticos, pagos en puntos de venta y con código QR, además de participar en la iniciativa de pagos transfronterizos con QR de ASEAN.

La iniciativa está alineada con la transformación digital de Indonesia, con Bank Indonesia reportando un crecimiento interanual del 30% en el volumen de transacciones digitales en 2024, impulsado por la banca móvil, el uso de QRIS y la adopción de fintech.

Euronet (NASDAQ: EEFT)와 PT Jalin Pembayaran Nusantara (Jalin)는 2025년 아시안 뱅커 글로벌 금융기술 혁신상에서 "아시아 태평양 최고의 소매 결제 기술 이니셔티브" 상을 수상했습니다. 이 상은 Euronet의 Ren Payments 플랫폼을 활용해 인도네시아의 국가 결제 인프라를 현대화한 협력에 대한 인정입니다.

이 파트너십의 주요 성과는 인도네시아 4개 국영은행(Himbara 그룹)의 ATM 네트워크를 ATM Link 브랜드 아래 하나의 전국 플랫폼으로 통합한 것으로, 현재 4,500대 이상의 ATM을 운영하고 있습니다. 이 플랫폼은 은행 간 ATM 거래, POS 및 QR코드 결제, ASEAN의 국경 간 QR 결제 이니셔티브 참여 등 다양한 서비스를 지원합니다.

이 이니셔티브는 인도네시아의 디지털 전환과 일치하며, 인도네시아 중앙은행(Bank Indonesia)은 2024년 모바일 뱅킹, QRIS 사용, 핀테크 도입에 힘입어 디지털 거래량이 전년 대비 30% 성장했다고 보고했습니다.

Euronet (NASDAQ : EEFT) et PT Jalin Pembayaran Nusantara (Jalin) ont reçu le prix "Meilleure initiative technologique de paiement de détail en Asie-Pacifique" lors des Asian Banker Global Financial Technology Innovation Awards 2025. Cette distinction récompense leur collaboration pour moderniser l'infrastructure nationale de paiement en Indonésie grâce à la plateforme Ren Payments d'Euronet.

Un accomplissement majeur de ce partenariat a été la consolidation des réseaux de distributeurs automatiques des quatre banques publiques indonésiennes (groupe Himbara) en une plateforme nationale unique sous la marque ATM Link, qui gère désormais plus de 4 500 distributeurs automatiques. La plateforme prend en charge divers services, notamment les transactions interbancaires aux guichets automatiques, les paiements en points de vente et par code QR, ainsi que la participation à l'initiative de paiement transfrontalier par QR de l'ASEAN.

Cette initiative s'inscrit dans la transformation numérique de l'Indonésie, la Banque d'Indonésie rapportant une croissance annuelle de 30 % du volume des transactions numériques en 2024, portée par la banque mobile, l'utilisation du QRIS et l'adoption des fintech.

Euronet (NASDAQ: EEFT) und PT Jalin Pembayaran Nusantara (Jalin) wurden bei den Asian Banker Global Financial Technology Innovation Awards 2025 mit dem Preis "Beste Einzelhandelszahlungstechnologie-Initiative im asiatisch-pazifischen Raum" ausgezeichnet. Die Anerkennung gilt ihrer Zusammenarbeit bei der Modernisierung der nationalen Zahlungsinfrastruktur Indonesiens mithilfe der Ren Payments Plattform von Euronet.

Ein wichtiger Erfolg dieser Partnerschaft war die Konsolidierung der ATM-Netzwerke der vier staatlichen Banken Indonesiens (Himbara-Gruppe) zu einer einzigen landesweiten Plattform unter der Marke ATM Link, die mittlerweile über 4.500 Geldautomaten betreibt. Die Plattform unterstützt verschiedene Dienstleistungen, darunter interbankliche ATM-Transaktionen, POS- und QR-Code-Zahlungen sowie die Teilnahme an der grenzüberschreitenden QR-Zahlungsinitiative der ASEAN.

Die Initiative steht im Einklang mit der digitalen Transformation Indonesiens, wobei die Bank Indonesia für 2024 ein jährliches Wachstum von 30 % beim Volumen digitaler Transaktionen meldet, getrieben durch Mobile Banking, QRIS-Nutzung und Fintech-Adoption.

Positive
  • Award recognition as Best Retail Payment Technology Initiative in Asia Pacific
  • Successful consolidation of 4,500 ATMs under single ATM Link brand
  • Platform supports multiple payment channels including ATM, POS, and QR transactions
  • Integration with ASEAN's cross-border QR payment initiative enhances regional connectivity
Negative
  • None.

Insights

Euronet's award-winning Indonesian payment infrastructure implementation showcases technological leadership in a high-growth Asian market.

This award recognition highlights a significant technological achievement for Euronet in one of Asia's fastest-growing digital payment markets. The implementation of the Ren Payments Platform for Indonesia's national payment infrastructure demonstrates Euronet's capability to execute complex, large-scale projects with strategic national importance.

The consolidation of ATM networks from Indonesia's four state-owned banks (BRI, BNI, Bank Mandiri, and BTN) into a unified ATM Link platform represents a substantial technological undertaking. With over 4,500 ATMs now operating under this single brand, the scale of this implementation is considerable. What's technically impressive is the platform's versatility—supporting interbank ATM transactions, POS terminals, QR codes, and participation in ASEAN's cross-border payment initiatives all within a unified system architecture.

From a market perspective, Indonesia presents a compelling growth opportunity. The country's 30% year-on-year increase in digital transaction volume underscores the expanding addressable market for payment processing solutions. Euronet's established foothold through this national-scale implementation positions it advantageously in this high-growth environment.

The cross-border capabilities through ASEAN's QR payment initiative are particularly noteworthy, as they extend the potential reach of Euronet's technology beyond Indonesia to the broader Southeast Asian region. This regional interoperability feature could serve as a technical showcase for similar implementations in other emerging markets.

By enabling the shift from fragmented infrastructure to a shared platform model, Euronet is helping financial institutions improve operational efficiency while reducing capital expenditures—a compelling value proposition that could resonate with other financial institutions in similar markets.

Euronet and Jalin are honored for powering one of Asia’s most ambitious multi-channel payment transformations

JAKARTA, Indonesia, June 30, 2025 (GLOBE NEWSWIRE) -- PT Jalin Pembayaran Nusantara (Jalin), a subsidiary of Indonesia’s 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" at the Asian Banker Global Financial Technology Innovation Awards 2025. The award acknowledges the companies’ groundbreaking efforts in modernizing Indonesia’s national payment infrastructure—one of the most ambitious and complex projects of its kind in the Asia Pacific region.

Jalin selected Euronet’s Ren Payments Platform 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.

A key highlight of this initiative was also the consolidation of the ATM networks of Indonesia’s four state-owned banks—BRI, BNI, Bank Mandiri, and BTN, collectively known as the Himbara group—into a single nationwide platform under the ATM Link brand. This platform, operated by Jalin and powered by Euronet’s 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.

“This award is a testament to the strength of our collaboration and the transformative power of the Ren Payments Platform,” said Sundeep Rawal, Managing Director, Euronet Indonesia. “By delivering a scalable, real-time, and cloud-native system, we’ve 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—all 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.”

Ario Tejo Bayu Aji, CEO of Jalin, added, “This initiative represents more than just a technological upgrade—it’s 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.”

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

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’s digital transformation agenda.

About Euronet

Founded in 1994, Euronet (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, with:

  • 55,512 installed ATMs
  • 1.2 million EFT POS terminals
  • Prepaid services at 735,000 POS terminals across 64 countries
  • A global money transfer network with 624,000 locations in 199 countries

Euronet’s network connects to 4 billion bank accounts and 3.2 billion digital wallets, as well as 4 billion Visa debit cards through Visa Direct.

Headquartered in Leawood, Kansas, USA, Euronet has 67 offices worldwide. Visit www.euronetworldwide.com for more information.

About Ren Payments Platform

Ren is Euronet’s modern, cloud-native payments platform designed for high-volume, mission-critical transactions. With a microservices-based architecture, Ren supports issuing, acquiring, core switching, and payment hubs—all through open APIs and flexible deployment on public cloud or private data centers.

Ren enables seamless integration with legacy systems, empowering organizations to innovate without overhauling infrastructure. Learn more at www.renpayments.com.

About PT Jalin Pembayaran Nusantara

Established in 2016 by the Ministry of SOEs, Himbara banks, and PT Telkom Indonesia (Persero) Tbk, Jalin is Indonesia’s largest state-owned payment network integrator. Jalin operates the LINK network, supporting ATM and CRM transactions, debit cards, mobile banking, QRIS services, and other digital and physical payment solutions. In 2019, the majority of Jalin’s shares were transferred to PT Danareksa (Persero).

Today, Jalin serves over 85 financial institutions and fintech providers across Indonesia. It holds global certifications such as ISO 27001, ISO 9001, ISO 37001, PCI DSS, and PCI PIN, reflecting its commitment to world-class operational and security standards.

Learn more at www.jalin.co.id.



Media Contacts

Euronet
Stephanie Taylor
Director, Financial Planning and Investor Relations
+1-913-327-4200

Jalin
Diorezky Yoga Pratama
Head of Corporate Communication & Affairs
diorezky.pratama@jalin.co.id

Putu Agnia
VP Corporate Secretary
putu.juliandri@jalin.co.id

FAQ

What award did Euronet (NASDAQ: EEFT) receive in 2025?

Euronet and Jalin received the Best Retail Payment Technology Initiative in Asia Pacific award at the Asian Banker Global Financial Technology Innovation Awards 2025.

How many ATMs are operating under the ATM Link brand in Indonesia?

Over 4,500 ATMs are operating under the ATM Link brand, consolidating the networks of Indonesia's four state-owned banks (Himbara group).

What services does Euronet's Ren Payments Platform support in Indonesia?

The platform supports interbank ATM cash withdrawals and deposits, POS transactions, QR code payments, and ASEAN cross-border QR payment initiatives.

What was the digital transaction growth rate in Indonesia for 2024?

According to Bank Indonesia, digital transaction volume grew by over 30% year-on-year in 2024, driven by mobile banking, QRIS usage, and fintech adoption.

Which Indonesian banks are part of the Himbara group using ATM Link?

The Himbara group consists of four state-owned banks: BRI, BNI, Bank Mandiri, and BTN.
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