Netsol Signs With Chinese Leasing Firm For Expansion In Indonesian Market, Stock Up

(RTTNews) - NetSol Technologies, Inc. (NTWK), a provider of solutions for the asset finance and leasing industry, on Thursday announced the signing of a contract with a Chinese leasing firm, marking its entry into the Indonesian market. The financial aspects of the deal are not revealed.

Shares of NetSol are increasing in the pre-market trading.

The contract is for using NetSol's Transcend Finance, including its Omni POS and Contract Management System. The new implementation will allow a full redesign without old system limitations.

The solution is customized for Indonesia's regulations and operations, with no need for data migration.

Omni POS is a flexible and user-friendly tool that helps assess credit applicants quickly and customize business rules, approval levels, and reports.

In the pre-market trading, NetSol is 8.90% higher at $2.57 on the Nasdaq.