First Global Data announced the establishment of First Global Indonesia, which is based in Jakarta. Indonesia will serve as First Global's hub for FINTECH initiatives in the region. First Global intends to provide a similar variety of mobile payment opportunities in the Indonesian market including the payment of bills, bricks and mortar merchant payments, bus, airline and rail payments, and others. Targeted sectors include but are not limited to banking, telecommunications, and E-commerce. It was important and timely to establish an Indonesian footprint as very large Chinese enterprises are looking to gain a foothold in Indonesia and other countries in the region. First Global's partnership model provides FINTECH pathways for larger enterprises to fast track their respective businesses in the Indonesian and regional geographic segment.

The company also announced the appointment of Rajeev Verma as CEO of First Global Indonesia. Mr. Verma is currently working closely with the First Global India team to deploy FINTECH initiatives in Indonesia utilizing the PayQwikTM brand.