Highlighting its commitment to Indonesia, considered one of the largest and fastest growing payments markets, Verifone (NYSE: PAY) announced the appointment of Irni Palar as the general manager of its domestic operations. Based in Jakarta occupying a newly opened office facility, Palar spearheads Verifone’s commitment to providing world-class payment technology and collaborating with banks and its partner community in Indonesia.
“With payment and commerce innovations, Verifone is introducing merchants to new and differentiating opportunities and consumers to intuitive and engaging experiences in the world’s fourth most populous country,” said Steve Aliferis, president of Verifone Asia Pacific. "Irni comes with immense experience and knowledge in payments, and she will build up our ecosystem with strategic partnerships to help advance Verifone in this fast-growing market.”
Though largely cash-dominated, Indonesia is experiencing growth in payment cards acceptance with transaction volume increasing by about 124 percent in 2015 as compared to 2010 according Lafferty Group. Verifone is working closely with key acquirers in Indonesia including government banks to enable financial institutions, retailers and various industry verticals to benefit from best-of-breed payment solutions. Earlier this year, Verifone announced a partnership with Wirecard.
“It is an honor to lead Verifone’s Indonesia business,” said Palar. “I am leading a talented local team to continue to expand Verifone’s commitment to payment innovation and deepen local partnerships in support of this country’s efforts to build a flexible and secure cashless economy.”
Irni comes to Verifone from Mastercard where she was the Indonesia director and with experience gained at American Express and PT Bank Mega. She graduated with a Bachelor of Business Administration from Portland State University in the United States.
(From left to right: Marchi Morrison, Ade Wirawan Dwi Saputra, Jennifer Veronkia, Irni Palar, Bayu Sembada, Nesya Rulita, Leonardi Djamuludin, Delvianti I, Teddy Riyanto, RullyBudhiana)
The new office features a demo room to showcase Verifone’s next-generation payment devices that enable merchants and partners with consumer interactivity, next-generation security and omni-channel capabilities. Demo’s will include multiple forms of payment acceptance such as contactless, chip and pin, magnetic strip, and a variety of mobile pay and wallets.
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting payment devices to the cloud, merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security with approximately 29 million devices and terminals deployed worldwide. Our people are known as trusted experts who work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.
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