Treasury Management Internation Logo

Deutsche Bank goes live with innovative payment collection services through convenience stores in Indonesia


Deutsche Bank AG, Jakarta Branch today announced the launch of an innovative payment collection service for PT AEON Credit Service Indonesia (“AEON Credit”) through Indomaret, the largest convenience store network in Indonesia. AEON Credit will partner with Artajasa, the largest electronic payments platform in the country, to implement the service nationwide.

AEON Credit provides consumers with financing services through instalment schemes. These services can be provided for a variety of products – including electronics, mobile phones, furniture, home appliances and others – which consumers can purchase through partner retail merchants and chain stores. By leveraging Artajasa’s infrastructure for cash and ATM collection services, AEON Credit customers will enjoy greater convenience to pay monthly instalments at any Indomaret outlet located throughout the country. The cooperation with Artajasa will also provide AEON Credit with near real-time information about payments made by their customers, thereby further enhancing the collection process and improving accuracy of cash flow forecasting.

Kunardy Lie, Chief Country Officer – Indonesia at Deutsche Bank, said: “We are proud to be working with AEON Credit and Artajasa, which speaks to our level of engagement with local payment intermediaries, and to our ability to customise payment solutions for a wide range of sectors. For example, we’ve already received interest from companies in the insurance sector, to implement similar solutions for their clients’ premium payments.”

Shiro Ishida, President Director at PT AEON Credit Service Indonesia, said: “We are delighted to be working with a strong partner like Deutsche Bank. This payment collection solution will enable us to bring convenience to our customers. In line with AEON Group’s “Customers first” philosophy, AEON Credit will continue to strive for innovation in order to provide services tailored to its changing customers’ needs.”

Mr. Nawawi, Director at Artajasa, said: “As a pioneer in payment systems and a business partner for a wide range of industries, we are committed to the development of innovative solutions helping to improve the efficiency of payments in Indonesia. Through this partnership, we will be able to service a wider range of customers and strengthen our position within the payments industry. We are proud to be a part it and look forward to continuing to work with both Deutsche Bank and AEON Credit.”

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...