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Jakarta Post

Telkom, BTN to boost remittance business

  • The Jakarta Post

  /   Fri, September 7 2012   /  09:51 am

Publicly listed telecommunications company PT Telekomunikasi Indonesia (Telkom) and state-owned lender PT Bank Tabungan Negara (BTN) inked a deal on Wednesday to improve Telkom’s Delima remittance business.

“Telkom is one of the non-banking institutions that have obtained permission to conduct remittance services. Despite existing remittance service providers, we are confident that we will become the leader in the market, because we have a strong network,” Telkom information technology director Indra Utoyo said.

US-based Western Union remains the most popular money transfer service in the nation, favored by Indonesians working overseas to send money back home. State-owned postal service PT Pos Indonesia also provides remittance services in cooperation with several banking institutions.

According to Indra, Delima started about one-and-a-half years ago and now p...