TIDMMONI
Monitise PLC
11 April 2012
Monitise open for business in Indonesia with Astra Graphia
Group
Joint Venture completes Jakarta Data Centre installation
Services to span mobile banking, payments and commerce for
banked and unbanked customers
Jakarta, 11 April 2012 - Monitise Asia Pacific announced today
that its joint venture with a subsidiary of PT Astra Graphia Tbk,
was ready for business. The 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.
The platform will 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 itself a 50/50 joint venture between
Monitise plc (LSE: MONI) and the First Eastern Investment
Group.
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."
The comments were made at a key business forum in Jakarta during
a government delegation to Indonesia. Led by UK Prime Minister
David Cameron and Trade and Investment Minister Lord Green, the
delegation recognises the important and fast growing trade ties
between Britain and Indonesia.
Indonesia, the world's fourth most populous country with 240m
citizens and the largest economy in South East Asia, is one of the
leading high-growth markets identified by UK Trade &
Investment, the government department that helps UK-based companies
succeed in the global economy.
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."
The first service to go live on the Indonesian platform in the
middle of this year will be launched in conjunction with Permata
Bank, 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 Harry 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."
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.
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. More information is available at
www.monitisegroup.com/ap
About Monitise
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.
With live services in the UK, the US, India and Africa, the
company is working with international partners to extend trusted
and secure mobile banking, payment and commerce services in
territories worldwide, including Europe, Asia Pacific and Latin
America. Monitise has strategic partnerships with Visa Inc., Visa
Europe, RBS Group and FIS. Other leading partners and clients
include HSBC, Lloyds Banking Group, First Direct, U.S. Bank,
Standard Chartered Bank, Travelex, Vocalink, Vodafone, Orange, O2,
T-Mobile, 3 UK, Research In Motion, The Carphone Warehouse, First
Eastern, Astra International, JETCO and PCCW mobile. More
information is available at www.monitisegroup.com
About Astra Graphia
PT Astra Graphia Tbk was established in 1976 as the leading
document and ICT solution provider in Indonesia with 27branches and
79 service points. Since 1989 the Company has been listed on the
Indonesia Stock Exchange, with the majority of shares held by PT
Astra International Tbk. More information is available at
www.astragraphia.co.id
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 in Indonesia. More information is
available at 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; Information
Technology; Infrastructure and Logistics. As 29 February 2012,
Astra employed over 173,043 people in 160 companies, including
subsidiaries, associates and jointly controlled entities. More
information is available at www.astra.co.id
Contacts:
Monitise Group
Gavin Haycock, Media Relations Tel: +44 (0) 20 7947
Gavin.haycock@monitisegroup.com 4156
Haya Herbert-Burns, Investor Relations Tel: +44 (0) 20 7947
Haya.herbert-burns@monitisegroup.com 4928
Monitise Executive Team
Alastair Lukies, CEO
John Brougham, CFO
Lee Cameron, CCO
Mike Keyworth, COO
Frank D'Angelo, Executive Chairman, Monitise
US
Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 20 7050
6500
Simon Bridges
FTI Consulting Tel: +44 (0) 20 7831
3113
Charles Palmer
Jon Snowball
AGIT Monitise Indonesia Tel. +62 (21) 2909304
Jusuf Salim
Jusuf.salim@ag-it.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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