An Asian bank has started deploying the first of 26,000 Hypercom Corp. Optimum point of sale terminals in Indonesia.
Hypercom called the order a multimillion-dollar purchase but declined to be more specific. It also would not name the bank.
This was the bank's second sizable order from Hypercom this year, the Scottsdale, Ariz., payments technology company said Oct. 19. The institution bought 39,000 payment terminals three months ago.
The bank is to complete the terminal installations this year, Hypercom said.
Indonesia is in the midst of converting to payment cards using the EMV Integrated Circuit Card Specifications, according to Bank Indonesia, the nation's central bank. Since Jan. 1, all cards issued in Indonesia must contain EMV chips, the bank says on its website.