LITTLE ROCK, Arkansas, USA, October 2, 2018 – Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), today announced that PT Bank Tabungan Negara (otherwise known as Bank BTN) has successfully implemented Euronet’s Merchant Management and POS Management Systems with full EMV support.
This project is a continuation of Bank BTN’s strategy to aggressively grow their card issuing and acquiring presence in Indonesia. Bank BTN is now both an Issuer and Acquirer of EMV chip cards. The bank also supports multiple card scheme connections and local shared network interfaces using Euronet’s ITM Switch solutions.
“We are honored that Bank BTN has placed their confidence in Euronet’s software to help them achieve their strategic goals”, said Tony Warren, Executive Vice President, Euronet Software Solutions. “As the bank works to expand its product offerings,we look forward to supporting their efforts with Euronet’s innovative products and services.”
About PT Bank Tabungan Negara (Persero) Tbk
Bank Tabungan Negara operates under the brand name Bank BTN and its headquarters are in Jakarta, Indonesia. Bank BTN was established in 1897 under the name Postspaarbank, with headquarters in Batavia. After the proclamation of Indonesian independence, the bank was taken over by the Indonesian government on 9 February 1950 and renamed “Bank Tabungan Pos” (Postal Savings Bank). In 1963 the bank’s current name, Bank Tabungan Negara, was adopted. Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle-income individuals. However, BTN it is now rapidly expanding into other retail banking services, with a specific focus on cards and payments.
Bank BTN is the 4th largest state-owned bank in Indonesia, and the 5th largest bank overall. Bank BTN currently operates more than 800 Branches and 2000 ATMs island-wide.
About Euronet Software Solutions
Euronet Software Solutions, a division of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a leading global provider of financial software solutions that power electronic payment and transaction delivery systems to support the business needs of banks and processing services providers. Euronet has reliably served the worldwide cards, payments and financial services markets for more than 40 years with a fully integrated suite of solutions for issuing, acquiring, self-service, e-banking and card scheme connections designed to increase revenue, reduce expenses, improve security and increase the value of customer relationships. For more information, visit www.euronetsoftware.com.
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Euronet Software Solutions