HomeSend becomes the first international remittance provider to give users access to Indosat’s 24,000 locations and 60 million users. HomeSend is a joint venture created by MasterCard, eServGlobal and BICS.
HomeSend, eServGlobal and BICS announced an agreement with Indosat to make remittance services available in Indonesia.Through Indosat’s Dompetku Mobile Money platform, users can safely send and receive funds across Indonesia’s largest mobile money network. The HomeSend service enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The International Fund of Agricultural Development (IFAD), a specialized agency of the United Nations, estimates that 6.5M Indonesians will send funds to family or friends back home in 2014. The World Bank estimates that in total, $7.5B in remittance payments will be made into Indonesia this year.
Western Union Company money-transfer services has introduced its
“Digital Vendor Program” to offer its services using mobile finance
initiatives in Latin America, Africa, the Middle East and Asia. Endorsed
by the GSM Association, which represents over 750 mobile operators
worldwide, the “Digital Vendor Program” is initially offering its
certification program to finance platform providers on a single-country
basis, including South Africa-based Fundamo, India-based mChek,
U.S.-based Sybase 365 and Singapore-based Utiba Pte. Western Union is
certifying mobile platform vendors to reduce integration costs and
accelerate go-to-market activities for banks and mobile operators by
creating standard technical deployments. Once a bank or mobile operator
contracts with Western Union to activate the Western Union “Mobile Money
Transfer service”, consumers can remit funds on the Western Union global
money transfer network of 334,000 Agents in 200 countries. Fundamo
mobile banking software solution oversees 30 successful deployments in
20 countries, mChek mobile-based payment services enables users to
transact through their mobiles phones, Sybase 365 Processes more than
200 billion messages per year for more than 700 mobile operators and
their 3 billion subscribers while Utiba was founded in 2001 offering its
mobile commerce solutions in 20 countries through more than 15 operators.
SmartTrust is committed to developing and promoting interoperable
specifications for the smart card infrastructure. In response, the
company has announced its decision to become a member of the
smart card international specifications body, GlobalPlatform. As a
member, SmartTrust will contribute to the technical activities of
the Systems Committee and will participate in the Advisory Council.
Almost 200 mobile networks rely on SmartTrust to manage
subscribers, their handsets and access to mobile services.
GlobalPlatform is a member-driven organization with cross-industry
representation. The organization had over 40 GlobalPlatform-based
smart card implementations and 110 million GlobalPlatform cards in
circulation in 2006. Currently, there are 1.2 billion GlobalPlatform
GSM implementations worldwide.
PT Bank International Indonesia (BII), with more than 700 ATMs, has
connected to ATM BERSAMA network of Artajasa, making it a network
of 11,900 ATMs from 68 different banks. This partnership is part of an
effort to improve BII customer service as well as to other banks’ customers. As a result, all BII debit cards can be used in the ATM Bersama network and cardholders can now get discounts at thousands of merchants throughout the country and given the ability to do online transfers. BII has 230 branches and 700 ATMs with a total customer deposit base of more than IDR 37 trillion. The Bank also has IDR 53 trillion in assets.
Euronet Worldwide and Satelindo, an Indonesian mobile operator,
announced an agreement that will enable Satelindo’s consumers to purchase
Mentari-branded prepaid airtime directly from their mobile phones.
The agreement was signed by Euronet Sigma Nusantara, a joint venture company
between Euronet Worldwide and PT Sigma Cipta Caraka.
With Euronet’s Mobile Recharge solution, Satelindo will offer added
to its Mentari mobile phone customers. With simple SMS commands, customers can
top up airtime on their prepaid mobile phones — any time, any place. After
authorizing and processing the transactions, the customers’ bank accounts will
be debited for the purchase amount with no additional transaction fee. The
customers’ mobile phones will then receive an SMS message from Satelindo
confirming that their prepaid accounts have been credited. This new service
eliminates the need to purchase prepaid scratch-off cards.
Satelindo is the first Indonesian mobile operator to offer the ability to
increase mobile phone minutes directly from the handset. Satelindo,
second-largest mobile phone operator, has more than 1.7 million customers, and
approximately 80% of them use prepaid services.
“Euronet’s innovative Mobile Recharge solution enables Satelindo to lead the
way in providing mobile payment solutions in Indonesia and Southeast Asia,”
said Jan Nilsson, Satelindo Cellular Director. “We believe that our customers
will appreciate the added convenience of being able to top up their phones any
hour of the day with no additional transaction fee.”
Euronet Worldwide offers mobile operator solutions that enable airtime to be
added to consumers’ prepaid accounts from ATMs, point-of-sales devices, the
Internet and directly from the mobile phone. The company provides its recharge
solutions to eight GSM mobile operators in Poland, Hungary, the Czech
Croatia and Norway.
“We are excited about working with Satelindo to implement Euronet Mobile
Recharge in Indonesia,” said Michael Brown, Euronet Worldwide Chairman and
“We have been providing electronic banking solutions in this region for 10
years through our relationship with PT Sigma Cipta Caraka, and we are happy to
expand our electronic payment solutions in Indonesia to the mobile operators.
With the exploding growth of the mobile phone industry, and particularly of
prepaid mobile sector, this product offers significant cost and time savings
and convenience for the GSM service providers.”
Euronet Worldwide provides products, services and a transaction-processing
network in Indonesia through PT Euronet Sigma Nusantara, a joint venture
company with PT Sigma Cipta Caraka, an Indonesian banking information
technology firm and the local distributor of the Euronet brand software. The
joint venture company also markets its ATM outsourcing services to Indonesian
banks and local subsidiaries of multinational banks, with the intention of
providing ATM monitoring and other network services in addition to transaction
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic
financial transaction solutions. The company offers financial payment
middleware, financial network gateways, outsourcing and consulting services to
financial institutions and mobile operators. These solutions enable their
customers to access personal financial information and perform secure
transactions — any time, any place. The company has processing centers
in Europe, Asia and the United States, and it owns and operates the largest
independent ATM network in Europe. With corporate headquarters in Leawood,
Kansas, USA, and European headquarters in Budapest, Hungary, Euronet serves
more than 200 clients in 60 countries. Visit our web site at
Satelindo was founded in 1993. The shareholders are PT Indosat and DeTe Mobile
(a wholly owned subsidiary of Deutsche Telekom). Visit the Satelindo web site
MasterCard launched a global virtual private network for its transaction processing system yesterday. The new network, development in an alliance with AT&T, will link areas of the world not previously part of the global payments infrastructure and will significantly reduce transaction time. The network incorporates bandwidth-on-demand, reducing the cost to MasterCard members by eliminating the need to maintain excess capacity during off- seasons. MasterCard says VPN, compared to its previous network, has cut transaction time by four-tenths of a second. The MC VPN is handling more than 80% of MasterCard’s current transactions. By late next year members and gateways in Latin America, Asia Pacific, the Middle East and Africa will have migrated to the new network.