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

Published 

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

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests consider...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

00:00

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00