Mobile point-of-sale (mPOS) developer Cashlez said it will sign agreements with three local banks, including Bank Mandiri while Indonesian telecommunication operator Indosat has introduced its own chatting app platform called Obrol.
Cashlez president director Teddy Lee revealed that the company is still in the process of acquiring permit from Bank Indonesia. Once the permit is cleared, the company can move on to sign agreements with two more banks in addition to partnership with Mandiri.
“The signings are expected to take place in July,” he told DEALSTREETASIA in Jakarta.
Cashlez is one the first companies in Indonesia to locally develop a host of payment solutions which include a fully certified card-present payment gateway and merchant centric reporting tools. Its closest rival is Moka, another Jakarta-based mPOS startup which has just recently raised $1.9 million from a round led by East Ventures.
Cashlez’s mission is to quickly but steadily evolve Indonesian merchants payment system with mPOS. The company also develops ecommerce payment services with Open API support for non-competing payment solutions powered by mobile, e-wallet and social media.
The startup went live last year. So far, Cashlez has only served pilot transactions.
The nation’s second-largest telecommunications operator, Indosat Ooredoo, owned by Qatar’s Ooredo Group, has launched a chatting app platform Obrol at the Indonesia Cellular Show (ICS) in Jakarta.
With Obrol, users can make calls to anywhere, even to those who do not have the app on their gadgets.
Head of Postpaid International Business and Content division of Indosat Ooderoo, Andre ReinAldy, said, calls with Obrol will be charged at a very low price.
“This is what makes it different from any other similar apps,” he sad.
Obrol can now be accessed on Android and iOS. Users will receive an Obrol ID upon registration.
Indosat has an annual budget of Rp 7 trillion ( US$511 million ) to Rp 8 trillion for capital expenditure, representing around 30 percent of its revenue. A large share of is allocated for expansion as it eyes a big leap in income from data in the next three years.
The capital expenditure will be mostly spent on further expanding the coverage of Indosat’s 4G network, which currently covers 27 cities, and also increasing the roll-out of its fiber optic service.
Indosat Ooredoo’s data revenue is expected to exceed 50 percent this year, from 46 per cent of 2015’s revenue of Rp 26.76 trillion.
The company booked Rp 217.2 billion net profit in the January-March period of this year, a significant reverse from Rp 455.6 billion losses in the same period last year as revenue grew 11.8 per cent to Rp 6.8 trillion.
A 52.5 per cent surge in data traffic to 60,814 terabytes in the first quarter year-on-year ( yoy ) explained the business growth, as well as a 54.7 per cent drop in costs to Rp 477.3 billion. The company also made Rp 330 billion in forex gains in the first three months of this year, compared with Rp 717.6 billion forex loss in the same period last year.