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Article: Indonesia gears up for contactless: prepaid cards are gaining interest in Indonesia, and one issuer believes MasterCard's PayPass contactless technology could help increase their appeal.(Cards: Prepaid)
- Article from:
- Cards & Payments
- Article date:
- January 1, 2008
- Author:
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The Indonesian prepaid card market is fragmented with retailers operating many proprietary, closed-loop card programs. A local bank, aided by the contactless chip card technology of an international card brand, is working to bring more open-loop prepaid products to Indonesia.
Bank Negara Indonesia Tbk, one of the largest banks in Indonesia, and MasterCardWorldwide have entered into an agreement In which Bank Negara Indonesia is issuing prepaid and credit cards in Indonesia with MasterCard's PayPass contactless technology.
Cobranded prepaid cards are starting to catch on In Indonesia. Euromonitor, a London-based global research firm, estimates that ...