PT Jalin Payment Nusantara

What PT Jalin Payment Nusantara does

PT Jalin Pembayaran Nusantara (Jalin) is Indonesia's designated national Payment System Infrastructure Provider (PIP), operating the LINK switching network that connects 110+ banks and fintechs across the country's ATM, debit, QRIS, and digital payment rails. Founded in 2016 as a joint initiative between the Ministry of State-Owned Enterprises, Himbara banks (BRI, BNI, Mandiri, BTN), and PT Telkom Indonesia, the company has been majority-owned by PT Danareksa (Persero) since 2019 and operates under the Danantara state-owned holding structure. Jalin holds 65%+ of QRIS switching traffic serving MSMEs and runs Indonesia's largest cardless cash withdrawal network with 99.9% uptime.

Jalin's product portfolio spans three core pillars: Switching (LINK national debit/ATM/card switching with real-time routing and automatic failover), Managed Service (cash point management including Virtual ATM, SLM maintenance, CMS cash management, CDM deposit machines, and Eazy onboarding), and Digital (QRIS, cardless withdrawal, Jalin Verifi3d EMV 3-D Secure authentication, Payment Integrator for biller connectivity, and Rewards loyalty). An industrial solution, FMS (Fraud Management System / FMaS), provides ML-based real-time fraud detection and SIEM/SOC shared services across the Danareksa holding ecosystem.

Jalin generates revenue through four primary streams: per-transaction switching fees on ATM/debit/QRIS rails (with publicly disclosed Himbara vs. non-Himbara pricing), managed services contracts (cash management, predictive maintenance, nationwide technical support), digital payment transaction fees, and enterprise subscription pricing for FMaS fraud management. Go-to-market is B2B enterprise sales to financial institutions and fintechs, supplemented by channel partnerships through Himbara and intra-holding integrations. The company is led by President Director Ario Tejo Bayu Aji (appointed February 2023) and is headquartered in South Jakarta with 51-100 employees.

Name

PT Jalin Payment Nusantara

Legal name

PT Jalin Pembayaran Nusantara

Website

https://jalin.co.id

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Indonesia's national payment system infrastructure provider operating the LINK switching network that connects 110+ banks and fintechs across ATM, QRIS, debit, and digital payment rails, with 65%+ QRIS switching market share and Indonesia's largest cardless network.

Ownership category

akta.pro rank

Product category

Payment System Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

ATM Switching, Routing & Network Services (FSAMAOAD)

akta.pro secondary industries

ATM / Cash Access Network Schemes (FSAMAAAH), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Cross-Border A2A & Bank Transfer Networks (FSAMAIAF), Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH)

Keywords

• Payment switching services
• ATM network management
• Fraud management solutions
• QRIS payment infrastructure
• Cardless cash withdrawal

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Switching Services: Transaction switching fees for ATM, debit, and payment processing through the LINK network connecting 100+ financial institutions.
2. Managed Services: Cash management, predictive maintenance, and nationwide technical support for ATM networks including virtual ATM, SLM/Premises, CMS, CDM, and Eazy services.
3. Digital Payment Solutions: QRIS network services, cardless withdrawal, Jalin Verified authentication, payment integrator, and rewards programs.
4. Fraud Management Services: Enterprise-grade fraud detection and prevention services for payment system operators and financial institutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

PT Jalin Pembayaran Nusantara operates the LINK national payment switching network connecting 110+ banks and fintechs through a single platform, offering ATM/EDC switching, ATM managed services, and digital payment services. Its portfolio spans three pillars: Switching (ATM/CRM/debit/credit card routing with 99.9% uptime), Managed Service (cash point management, Virtual ATM, SLM, CMS, CDM, Eazy by Jalin), and Digital (QRIS, cardless cash withdrawal, Jalin Verifi3d EMV 3-D Secure authentication, Payment Integrator, Rewards by Jalin), supplemented by the FMS Fraud Management System serving financial institutions and government agencies.

Product overview

Jalin operates as a Payment System Infrastructure Provider (PIP) and digital enabler for Indonesia's national payment ecosystem. Its product portfolio spans three core pillars: (1) Switching — the LINK network covering ATM/CRM/debit/credit card switching with real-time routing and 99.9% uptime; (2) Managed Service — cash point management including Virtual ATM, SLM/Premises, CMS, CDM, and Eazy by Jalin for end-to-end cash and customer lifecycle operations; and (3) Digital — QRIS, Cardless Cash Withdrawal, Jalin Verifi3d (EMV 3-D Secure), Payment Integrator, and Rewards by Jalin for digital payment innovations. An industrial solution, FMS (Fraud Management System), provides real-time fraud detection using machine learning across the ecosystem. Jalin connects over 110 banks and fintechs including Himbara members (BRI, BNI, Mandiri, BTN), BCA, CIMB Niaga, and e-wallets (DANA, ShopeePay, LinkAja, GoPay), serving thousands of ATMs and millions of QRIS users nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Switching (LINK Network) National debit switching platform connecting all ATM, CRM, debit, and credit card networks through a single routing system for banks and fintechs. Offers advanced real-time routing based on payment provider performance, a centralized transaction monitoring dashboard, and 99.9% uptime with automatic failover, covering ATM & CRM, debit POS, mini ATM (agent banking), and Indonesia credit card switching.
• Managed Service Cash point management solution providing cash management, predictive maintenance, and nationwide technical support for ATM and CRM networks of banks and operators. Includes Virtual ATM (no cash vault investment), SLM/Premises maintenance with 24/7 emergency support, CMS Cash Management System with intelligent forecasting, CDM automated cash deposit, and Eazy by Jalin integrated customer onboarding platform.
• Digital Payment Solutions Digital payment innovations suite for banks and fintechs, including QRIS network and switching (processing 65%+ of QRIS switching traffic serving MSMEs), cardless cash withdrawal via the widest ATM Link network, Jalin Verifi3d EMV 3-D Secure authentication for GPN debit cards, Payment Integrator for single-integration access to hundreds of billers, and Rewards by Jalin loyalty/rewards system.
• FMS (Fraud Management System / Fraud Management as a Service) Fraud Management as a Service (FMaS) delivering comprehensive fraud detection and prevention for payment system operators, financial institutions, and government agencies. Features real-time 24/7 monitoring, risk management and control with customizable fraud rules, compliance and reporting with audit trails, and predictive analytics plus threat intelligence. Backed by machine learning algorithms and automated behavioral analysis to identify anomalies and emerging fraud patterns.
• Jalin Verified (Jalin Verifi3d) Indonesia's first digital verification solution compliant with EMVCo 3-D Secure international standards, authenticating online GPN debit card transactions for banks, merchants, and cardholders. Uses OTP-based identity verification and risk-based authentication with EMV 3-D Secure technology.

Quantifiable outcome

• 99.9% system reliability and uptime for switching services
• +3 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Grab For BusinessminorGTM or Marketing Partner · 24 June 2026Employee well-being partnership through Office Talk event focusing on mobility efficiency and ESG principles including EV transportation support for operational mobility.
• Asosiasi Fintech Indonesia (AFTECH)coreStrategic or Co-development Partner · 21 May 2026Joint forum on fraud resilience and cybersecurity featuring Expert Lab for hands-on fraud detection system experience. AFTECH and Jalin collaborate to strengthen national digital payment ecosystem security.
• GoPaycoreStrategic or Co-development Partner · 17 March 2026Cardless cash withdrawal partnership enabling GoPay users to withdraw cash via BRI and bank bjb ATM networks nationwide ahead of Eid 2026. Jalin provides interoperability infrastructure connecting GoPay with extensive ATM networks.
• Bank Rakyat Indonesia (BRI)coreTechnology or Integration · 17 March 2026ATM network partner enabling cardless cash withdrawal for GoPay users. BRI provides 19,000+ ATMs and CRMs across Indonesia for seamless cash access.
• Bank Pembangunan Daerah Jawa Barat dan Banten (bank bjb)coreTechnology or Integration · 17 March 2026ATM network partner for cardless cash withdrawal services, enhancing access in West Java regions with high Eid travel mobility.
• Himbara (Bank Mandiri, BNI, BRI, BTN)coreStrategic or Co-development PartnerJoint venture partners along with Ministry of State-owned Enterprises and PT Telkom Indonesia. Core founding partners establishing the national payment infrastructure.
• PT Telkom IndonesiacoreStrategic or Co-development PartnerCo-founding partner in Jalin's establishment in 2016 alongside Himbara banks. Commissioner Syaifudin serves as Executive Vice President of Government Service Division at Telkom.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Mastercard: Global card network with significant Indonesia presence. Competes with Jalin in card switching and tokenization/3DS authentication as a broad incumbent.
• Fiserv: Major US-based financial technology and payment processing provider. Comparable through its payment network services, switching, and merchant acquiring infrastructure.
• UnionPay International: Chinese-origin card network expanding across Asia. Comparable to Jalin for cross-border card and QR payment acceptance, especially as QRIS-China corridors expand.
• Visa: Global card network operating in Indonesia. Overlaps with Jalin's debit/credit card switching and digital authentication (EMV 3DS) offerings, though at much broader global scale.
• ACI Worldwide: Global real-time payment and electronic payment software provider. Comparable in providing core switching, fraud management, and real-time payments infrastructure to banks and processors.

Regional players

• Nexi: European payments technology and switching provider. Comparable business model in operating national/regional payment switches and merchant services, but focused on European markets.

Direct peers

• Artajasa: Indonesian payment switch operator running the ATM Bersama and Prima networks. Direct competitor to Jalin in domestic ATM and debit switching for Indonesian banks.
• ALTO (PT ALTO Network): Indonesia-based ATM and payment switching network. Competes with Jalin's LINK network for ATM and digital payment routing across Indonesian financial institutions.
• Rintis Sejahtera: Indonesian payment switch and interbank network operator. Direct competitor in Indonesia's switching infrastructure market, serving banks and payment service providers.

Others

• PT Telkom Indonesia (Telkomsigma): Indonesian state-owned telecom and a Jalin co-founding shareholder. Compares as an ecosystem participant and shared-services provider in Indonesia's digital infrastructure space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCz1dWSMA2Bp-yTMT1KuGPGA
• Facebookfacebook.com/JalinPembayaranNusantara
• LinkedInlinkedin.com/company/jalinpembayarannusantara
• Instagraminstagram.com/jalin.id

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Jalin Payment Nusantara