The Jakarta Post
Bank DBS Indonesia, a subsidiary of Singapore's DBS Bank, has announced its collaboration with PT Rintis Sejahtera, the satellite communications company that owns the ATM PRIMA Network e-payment service, in a bid to expand its business and improve its services for customers.
Under the collaboration, which was announced on Monday, around 1 million Bank DBS Indonesia customers will be able to conduct transactions at more than 760,000 merchants and around 120,000 ATM machines that bear the PRIMA logo. The facility, which charges no additional fees, applies to all customers holding DBS credit cards, debit cards and digibank debit cards.
The bank had made the move also to support the cashless movement initiated by Bank Indonesia, Wawan Salum, head of DBS Indonesia's consumer banking group, said during the collaboration's launch.
“Cash transactions are still dominant in Indonesia. With easier and wider access, people are expected to shift to cashless transactions,” said Wawan, adding that the cooperation with PRIMA would help reduce interchange fees.
The ATM PRIMA Network is one of four interbank switching networks in Indonesia, with the three others managed by PT Artajasa Pembayaran Elektronis, PT Alto Network and PT Jalin Pembayaran Nusantara.
Rintis Sejahtera marketing director Suryono Hidayat said the company now had 65 bank members and was eyeing 18-20 additional members this year. (roi/bbn)