Joint Venture between ASGR subsidiary and Monitise completes Jakarta Data Centre installation Was ready to launch the solution to mobile banking services in Indonesia
Jakarta, 11 April 2012 - PT Astra Graphia Tbk (ASGR) announced today that the joint venture of its subsidiary, PT Astra Graphia Information Technology (AGIT) and Monitise Asia Pacific was ready for business. This joint venture - PT AGIT Monitise Indonesia - has successfully completed its installation in a Jakarta-based data centre to support the full spectrum of mobile banking, payments and commerce.
PT AGIT Monitise Indonesia will provide a platform that allow banks, mobile operators, retailers and other service providers to connect via a fully interoperable and secure network so they can deliver mobile services to both banked and unbanked customers. AGIT is providing both data centre services and local management support for the venture.
PT AGIT Monitise Indonesia is a joint venture between Monitise Asia Pacific and Astra Graphia Information Technology (AGIT). Monitise Asia Pacific is a joint venture company in Hong Kong between Monitise plc (LSE: MONI) and the First Eastern Investment Group.
The first service to go live on the Indonesian platform in the middle of this year will be launched in conjunction with PermataBank, one of Indonesia's top-10 banks and a recognised leader in mobile banking. The new service will mobilise Indonesia’s extensive and world-leading ATM and payments infrastructure using Monitise's internationally established bank-grade technology platform.
Astra Graphia Director, Herrijadi Halim said: "The innovative bank-grade capabilities for new mobile services we are creating in Indonesia with our data centre in Jakarta reflect the value and significance we place on growing our document, information and communications technology business. Mobile has a key role to play in driving that growth."
Arifin Pranoto, AGIT Director, added: "Providing a trusted platform to deliver the next wave of innovation in banking and payments via mobile is key to our aspirations and we are delighted by the role we are playing in making that happen." The comments were made from a key business forum in Jakarta during a government delegation to Indonesia. The UK delegation was led by Prime Minister David Cameron and Trade and Industry Minister Lord Green, who recognises the important and fast growing trade ties between Britain and Indonesia.
Lord Green said:"At UKTI we are resolutely focused on supporting businesses as they explore and engage in opportunities opening up before them. Forging partnerships between countries and companies is vitally important to creating and sustaining new jobs, investment and competitive advantages in both established and new markets. Success in business hinges on seizing opportunities in fast-growing markets and we see a clear example of that here today in Jakarta via the collaboration between Indonesia's Astra Graphia and Britain's Monitise."
Monitise Group Chief Executive Alastair Lukies said: "With its vast market size, vibrant culture, entrepreneurial flair and consumers benefiting from rising wealth, Indonesia's prominence is growing as a major world economy. Monitise is honoured to have been selected by Astra Graphia to help develop mobile services which can bring added convenience to Indonesian consumers and businesses. We believe the unprecedented scale and consumer reach of Astra Group and the expertise in mobile secure services which Monitise provides will be a powerful combination."
He added: "Our platform enables consumers who have a bank account to stay in touch with their finances via their mobile smart phone, make payments and send money to friends and family. We also have the ability to provide services to the 'underbanked' population who have mobile phones but have no access to basic financial services or who want to be able to send money to their loved ones without having to risk other less secure methods."
Monitise Asia Pacific Chief Executive Darren Sugden noted that Indonesia was already a leader in the adoption of mobile and social media. "The power of the mobile to help banked and unbanked consumers manage their money on the move has never been greater and can help to re-enforce the impressive emergence of the country as a global economic power" he said.
Note: PT Astra Graphia Tbk (ASGR) was a subsidiary of PT Astra International Tbk, which was established in 1976 and has been listed on the Indonesian Stock Exchange since 1989. ASGR focus as a documents, information and communication technology based business solution provider through 2 business units, Document Solution with the main principal Fuji Xerox, and ICT solution business unit conducted by PT Astra Graphia Information Technology (AGIT). ASGR has 79 service points spreading out in 27 branches in Indonesia.
For more information, please contact to:
Susy H. Widjaja
Corporate Secretary PT Astra Graphia Tbk
Telp 390 9190 ext 1060 / Fax 390 9151
About Astra Graphia Information Technology (AGIT)
PT Astra Graphia Information Technology (AGIT), is an wholly owned subsidiary of PT Astra Graphia Tbk, a leading information and communication technology business solution provider in Indonesia. (www.ag-it.com)
About Astra International
PT Astra International Tbk was established in 1957 as a trading company. Over the course of its development, it has formed a number of strategic alliances with leading global players. Since 1990 the Company has been listed on the Indonesia Stock Exchange, with a market capitalisation as at 31 March 2012 of Rp 299 trillion. Astra is currently engaged in six business lines: Automotive; Financial Services; Heavy Equipment and Mining; Agribusiness; Infrastructure and Logistics; and Information Technology. As 29 February 2012, Astra employed over 173,043 people in 160 companies, including subsidiaries, associates and jointly controlled entities. (www.astra.co.id)
About Monitise Asia Pacific
Monitise Asia Pacific is a 50/50 joint venture between Monitise plc and First Eastern Mobile Investments Ltd, part of the First Eastern Investment Group, created in 2010 to develop mobile banking, payment and commerce services in the Asia Pacific region. First Eastern is a leading Hong Kong-based investment group pioneering in the field of direct investments in China founded by Victor Chu in 1988. (www.monitisegroup.com/ap)
Monitise plc (LSE: MONI.L) is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets. (www.monitisegroup.com)