Euronet announces Ren Payments Platform selected by BNC

Euronet Worldwide announced its Ren Payments Platform will serve as the foundational technology for the digital payments transformation strategy at Bank Neo Commerce, BNC, one of the leading digital banks in Indonesia. BNC selected Euronet and Ren to help make its digital payments faster, accessible and safer for its customers. Retail digital payment transactions in Indonesia have grown 500% from $14B to $72B in the past 5 years with projections for further growth by 60-80% over the next 4-5 years, making Indonesia one of the top countries in the world in regard to rapidly growing digital payments usage. Adoption of BNC’s products and services are also growing with quick adoption in terms of downloads, daily active users and monthly active users in Indonesia. As of June 2022, BNC had 18.4 million total customers with monthly active users reaching 3 million. The company hopes to add 15 million new customers by the end of 2022.