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March 8, 2021

Indonesia’s LinkAja taps Arttha Payments to modernise core system

By Johney Amala

Indonesia-based e-money wallet LinkAja, operated by PT Fintek Karya Nusantara, has selected PureSoftware’s Arttha Digital Payments suite to modernise its core systems.

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The move is said to follow LinkAja’s aim to bolster its position as a payment services trailblazer in the region.

Arttha Digital Payments suite will enable LinkAja’s backend to improve performance, enhance its digital growth strategy, and accelerate financial inclusion across the country.

Moreover, the wallet will benefit from having Arttha’s cloud-based platform as a service solution for its core functionalities, such as account management, merchant management, transaction management, and real-time GL.

PureSoftware CEO Manish Sharma said: “Indonesia is still heavily reliant on cash, and there are millions of people who are yet to be exposed to digital payments or able to take advantage of smartphone-led modern financial services.

“It feels great to get an opportunity to be associated with a leading payment service provider like LinkAja. By leveraging Arttha’s digital wallet capabilities, LinkAja will deliver hyper-personalized experiences to customers which directly impact customer service, efficiency, agility, and growth.”

Arttha’s digital payments is designed to allow its customers to make transactions on the go using the wallet platform’s multiple payments and financial services, including P2P, P2M, G2P, and Payroll among others.

In addition, Arttha provides NFC and QR code-based proximity payments and multi-channel support.

Meanwhile, last week, Indonesian payments infra star-tup Xendit raised $64.6m in a Series B round led by Accel, to enhance its digital payments infrastructure.

Last December, ALTO Network, the national payments gateway for Indonesia, partnered with real-time payment fraud prevention solutions provider INETCO Systems to prevent card-not-present (CNP) fraud.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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