Bank Niaga launches new debit card

Bank Niaga launches new debit card

JAKARTA (JP): Visa International and publicly listed Bank
Niaga launched on Saturday the Kartu Niaga Visa Electron debit
card, giving the benefit of the Visa network to Bank Niaga's
400,000 ATM cardholders.

Niaga's Director for Individual Banking Diana Soerarso said
the new debit card is expected to add an additional 100,000
customers to the existing ATM cardholders, making a total of
500,000 by the end of the year.

"In 2001 we hope to achieve between 100,000 to 150,000
additional ATM cardholders," Diana (right in above picture) said
at the card's launch at Plaza Senayan at a ceremony, which was
also joined by the bank's president Peter B. Stok.

Niaga currently has 117 automatic teller machines (ATMs), and
76 branches across Indonesia. It has two overseas branches in Los
Angeles and the Cayman Islands.

Visa Executive Vice President for Asia Pacific and Greater
China James Murray said Visa cards on issue in Indonesia
have increased by over 20 percent in the past 12 months, and the
card sales volume generated on these cards grew by nearly 40
percent.

He said that consumer debit products like Visa Electron in
Indonesia have a 30 percent annual growth.

"We expect the number of Visa Electron cards to cross the one
millionth mark shortly, and we are projecting 12 million Visa
Electron cards in the next five years," Murray said. (10)