Standard Chartered, Shell teaming up

JAKARTA: Standard Chartered Bank signed an agreement Wednesday with PT Shell Indonesia to offer clients gasoline price reductions at all 20 Shell gasoline stations in Greater Jakarta.

The discount is only eligible for platinum and gold credit card holders, with 10 and 5 percent reductions respectively.

"This discount program will only be available every Tuesday and Thursday," Standard Chartered credit card business manager Yongkie Cendana said, adding that the program would be valid until the end of the year.

He said Standard Chartered was targeting 200,000 to 250,000 gasoline credit card purchases during the period, with an average of 30 liters per transaction.

The bank expects the number of its credit card holders to grow by 30 to 40 percent and transaction values by 40 to 50 percent. Currently, it has around 250,000 credit card holders, 80 percent of whom are premium and gold card holders. (rff)