NETSOL Technologies Inc. has signed a multi-million-dollar contract with a Chinese leasing company to implement its Transcend Finance platform in Indonesia, marking the customer’s official entry into the Southeast Asian nation’s asset finance market.
The agreement covers the deployment of NETSOL’s Transcend Finance, including its Omni Point of Sale (Omni POS) and Contract Management System (CMS). The Chinese firm, which has not been publicly named, specialises in equipment leasing, asset financing, and commercial leasing across a range of industries. This move into Indonesia represents the company’s latest expansion in the Asia-Pacific region.
The deal includes the implementation of a custom-built funding system tailored to the client’s operational requirements. According to NETSOL, the system is designed for scalability and agility, with features supporting faster decision-making and transaction efficiency—key to helping the firm establish a foothold in a new market.
The deployment is described as a “greenfield implementation,” meaning the solution will be launched without the constraints of legacy systems or data migration. The Indonesian version of Transcend Finance has been tailored to meet local regulatory and operational standards.
NETSOL leadership emphasised the strategic nature of the partnership.
“We are excited to partner with this new customer as they expand their footprint into Indonesia,” said NETSOL CEO Najeeb Ghauri.
“Our tailored leasing technology and funding system will help facilitate a seamless and rapid launch of their operations.”
The company will use an agile-based implementation model to adapt to evolving business needs throughout the rollout, Ghauri added.
Amanda Li Linjie, President of NETSOL China, noted the significance of the deployment for both parties.
“The Indonesia-ready system will enable the customer to smoothly navigate the complexities of the Indonesian market and swiftly integrate their business operations,” she said. “The implementation process will be a quick one and it is already underway. Both teams are working collaboratively to ensure the system meets all local business and regulatory needs.”
The financial terms of the agreement were not disclosed, but NETSOL confirmed the deal’s value falls into the multi-million-dollar range.
