Jakarta-based Bank Mandiri, one of the largest state banks in Indonesia, and JCB have inked a deal for the acceptance of JCB cards at Mandiri’s ATMs and EDC. A payment card issuing deal is also on the table between the two giants.
Mandiri Bank has awarded Australia-based Symstream Technology Group Limited a contract to deploy wireless ATMs to speed installations and reduce transmission costs. Symstream develops and makes wireless-data transmission solutions based on international mobile-wireless standards for existing public-mobile networks. Mandiri Bank this year is expanding by 2,000 its current fleet of around 6,400 machines as part of a $120 million upgrade to the bank’s electronic banking and IT infrastructure. Mandiri Bank serves 8.7 million customers and has $42 billion in assets.