ALTO Interbank Network Capitalizes on Indonesian Digital Payments Growth with ACI Worldwide
As adoption of digital payments accelerates in
ALTO selected ACI as its strategic payments technology partner to address new regulatory requirements, capture growth in alternative payments and respond to future developments of the national payment gateway within the Indonesian market. ALTO currently provides digital payment services to banks, payment gateways, billers, corporates and merchants, utilizing the latest technologies. The implementation of ACI’s UP Retail Payments solution demonstrates ALTO’s approach to partnering with an established global player, enabling a strong foundation for faster development and the addition of new payment endpoints in a market that is expected to register double-digit growth in digital commerce over the next five years.
ALTO will initially use ACI’s UP Retail Payments for card-based transaction switching, followed by expansion to address non-card-based transactions including a range of alternative payment methods and merchant acquiring. ACI’s market-leading solution also opens up opportunities for ALTO to develop partnerships with new market entrants, increase interoperability with a wide range of financial institutions and intermediaries, and enable payments innovation that will benefit ALTO’s member banks and their customers.
“As the Indonesian payments ecosystem rapidly digitizes, reacting
quickly to market changes and developing new payments capabilities is
paramount. The ability to tap into the full ACI Universal Payments
portfolio was a key factor in selecting ACI, as we embark on our
transformation journey with a view towards the emergence of a stronger
Indonesian payment system, as well as cross-border payment flows across
the ASEAN community and the rest of the Asian countries,” said
“Alternative payment methods, including those emerging to address growth
in mobile and eCommerce, are evolving quickly across
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