Danamon Forms Partnership with BCA and Rintis to Issue Electronic Money and Develop the Supporting Infrastructure Issuance of Card-Based Electronic Money with the Support of the PRIMA Network; Providing Convenience in Non-Cash Transactions
"Through these partnerships, Danamon's customer will be able to benefit from the speed and convenience of transaction that electronic money can provide, showing our continuous efforts to bring better values to our customers," said Sng Seow Wah, President Director, Danamon.
This collaboration is expected to not only benefit the customers of Danamon and BCA, but also as concrete commitments of both banks to support the government's National Cashless Society Movement, which aims to promote cashless methods of transactions. "With Flazz, Danamon's customers can conduct transactions in a more practical, efficient, and secured way. In addition, with Danamon's Flazz card, customers can perform transactions in all of Flazz's merchants and enjoy all of the programs and special offers that are exclusive to Flazz's users," said BCA President Director, Jahja Setiaatmadja. Card-based electronic money in Indonesia is generally used for everyday transactions such as grocery shopping, Transjakarta bus fare payment, Commuter train tickets, and other merchants. With card-based electronic money like Flazz, the public can conveniently conduct transactions, without the need to carry cash, and merchants do not need to prepare cash for changes.
To support the usage of electronic money, an accessible and convenient top up infrastructure is needed, thereby allowing users to benefit from cashless transactions. As such, Danamon also formed a partnership with Rintis, as the institution that manage the PRIMA network, which will assist in developing the top up infrastructure for banks that collaborate in the issuance of Flazz electronic money. The development of this infrastructure will allow Flazz card holders to top up their balances through Danamon's network. PT Rintis Sejahtera President Director, Iwan Setiawan, said, "This MoU signing represents strategic partnerships among all the parties involved, especially Rintis as the local switching institution to support Bank Indonesia's policy in developing an efficient payment system through electronic money transaction. As an infrastructure provider, we are fully committed to provide a trusted and robust network to provide convenience for customers in performing transactions and electronic top up." Going forward, Rintis and Danamon will collaborate in electronic transaction service through the PRIMA ATM network, which is accessible from more than 88,000 ATMs across Indonesia.
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About Flazz (as of 30 June 2015)
About Danamon Danamon was recently awarded as 1st Winner of the Annual Report Award (ARA) 2013 in the Private Financial Listed category, which was issued by Bank Indonesia, the Financial Services Authority (OJK), the Indonesian Stock Exchange (IDX), the Tax Directorate General, the Ministry of State Owned Enterprises, the National Committee for Governance Policy, and the Indonesian Accountant Association. Danamon also recently received the Customer Satisfaction Award 2014 - Consumer Bank of the Year by Roy Morgan. Internationally, Danamon was awarded as Asia's Best Company 2015 - Best Managed Company (Indonesia, ranked 8th) by Finance Asia. Danamon is also the sole license holder of Manchester United cards in Indonesia, allowing the Bank to issue Manchester United ATM/Debit cards and credit cards. PT Adira Dinamika Multi Finance, Tbk. (Adira Finance), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia. Danamon is also the majority owner of PT Asuransi Adira Dinamika (Adira Insurance), a general insurance company and PT Adira Quantum Multifinance (Adira Kredit), a durable goods financing company. As of June 30, 2015, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd., 6.83% by JPMCB-Franklin Templeton Investment Funds and 25.80% by the Public. For further information regarding Danamon, please visit Danamon's corporate website at: www.danamon.co.id.
About PT Rintis Sejahtera The PRIMA network provides the PRIMA Debit service to make shopping more convenient for members of the PRIMA Debit network in more than 370,000 EDC terminals in merchants that feature the PRIMA Debit/Debit BCA logo. The PRIMA network is also supported with an efficient and effective web-based complaint handling system. |
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