The Jakarta Post
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...