Bank Papua Soft Launches its First Visa Debit Card

Jakarta, 27 January 2015 – Bank Papua today announced the plan to launch its first Visa Debit card, providing its customers with greater convenience, security and wide acceptance for payments or access to their money in the province of Papua, province of West Papua and around the world.

A Visa Debit card is linked to the cardholder’s bank account and can be used to make purchases wherever Visa is accepted online or at physical retailers, at more than 36 million merchant locations, or to access funds at more than 2.4 million ATMs around the globe.

The partnership between Bank Papua and Visa not only signifies Visa’s entry to Eastern Indonesia, but also marks the acceleration of electronic payments across Indonesia, specifically in Papua, West Papua and its surrounding region. Papua and West Papua are one of the regions with the highest growth rates in the country. Bank Indonesia projects a year-on-year economy percentage growth of 7.4 percent for Papua and 8.5 percent for West Papua in the fourth quarter of 2015 .

Ellyana Fuad, President Director PT Visa Worldwide Indonesia, said: “Bank Papua is the first regional bank in Eastern Indonesia to partner with Visa. Bank Papua’s addition to the Visa family means that Visa now covers all of Indonesia from Sabang to Merauke (west to east). We hope that Visa’s presence in Papua will further drive economic growth in the region by providing a convenient and secure way for consumers to make both daily and business transactions.”

“Visa supports Bank Indonesia’s National Less Cash Movement and with the addition of the Bank Papua Visa Debit card we are another step closer towards reaching our goal of transforming Indonesia into a less-cash society,” added Ellyana.

The Bank Papua Visa Debit card not only provides convenience and security, but also wide acceptance including online transactions, connecting cardholders to a global marketplace. Bank Papua is targeting to reach 100,000 cardholders by the end of 2016 and is optimistic in reaching the target.

“Today marks an important milestone for Bank Papua on its 50 anniversary, with the announcement of Visa Debit Card launch. This has positioned Bank Papua as the first regional bank in Eastern Indonesia to be part of Visa’s network that can be accessed and accepted around the world. This is also a part of our commitment to increase non-cash transactions in Papua, West Papua and the Eastern Indonesia region,” said Johan Kafiar, President Director Bank Papua.

Bank Papua and Visa will continue to offer convenience and security in future programs and products which will be specially designed for the needs of its customers.

About PT Bank Papua
PT. Bank Pembangunan Daerah Papua yang sebelum menjadi Perseroan Terbatas bernama Bank Pembangunan Daerah (BPD) Irian Jaya, didirikan pada tanggal 13 April 1966 berdasarkan Surat Keputusan Gubernur Kepala Daerah Tingkat I Irian Barat Nomor:37/GIB/1966 dan disahkan menjadi Peraturan Daerah Propinsi Irian Barat Nomor 1 Tahun 1970 tanggal 23 Maret 1970 pada Lembaran Daerah Propinsi Irian Barat no. 42 tahun 1970, kemudian sesuai Surat Keputusan Menteri Keuangan RI Nomor Kep.283/DDK/II/1972 tanggal 15 Juli 1972 tentang pemberian izin usaha Bank Pembangunan Daerah Irian Barat berkedudukan di Jayapura melaksanakan operasional sebagaimana Bank Umum lainnya dengan Modal Dasar pertama kali ditetapkan sebesar IB Rp.4.000.000,-. Per 31 Desember Jaringan Kantor Bank Papua sebanyak 201 Kantor, dan jumlah total Delivery Channel sebanyak 555 yang terdiri dari 294 unit mesin ATM, 176 Unit menin EDC, 8 unit mesin CDM, 18 layanan Kasda Online, 23 Kantor Samsat Online, 18 Kabupaten/Kota yang dilayani melalui Kartu Pegawai Elektronik (KPE), 16 unit Layanan Payment Point dan 2 unit Mobil Kas Keliling. tersebar Papua, Papua Barat, Sulawesi Utara, Sulawesi Selatan, Jawa Timur, DI Yogyakarta dan DKI Jakarta. Untuk informasi lebih lanjut, kunjungi website Bank Papua.

About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, siecure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit, and @VisaNews.