Indonesia Dealbook : Apple to set up R&D centre; Telkomsel teams up with Verifone, Finnet for TCashTap

Apple Inc's CEO Tim Cook waves to the audience after One Republic performed at an Apple media event in San Francisco, California, September 9, 2015. REUTERS/Beck Diefenbach

US-based technology firm, Apple Inc., plans to establish a research and development (R&D) center in Indonesia. While, the largest mobile network operator in the country, PT Telekomunikasi Selular (Telkomsel), has teamed up with Verifone Mobile Money and PT Finnet Indonesia to introduce TCash Tap to merchants across Indonesia.

Apple likely to set up R&D centre in Indonesia

Indonesian Information and Communication Minister Rudiantara said the officers of Apple had visited Indonesia and discussed the requirement to set up a reearch and development (R&D) center with the government. He added, further discussion with Apple will be conducted over the local content requirement.

Apple also wants to invest in the tin industries in Bangka-Belitung province.

According to him, during President Joko Widodo visit to the US starting October 25, the President is scheduled to visit Apple headquarters in California and meet with Apple chief executive officer Tim Cook. Both are expected to talk about investment in Indonesia.

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Widodo is also scheduled to meet with representatives from Google, Microsoft and Facebook. With Google, President hopes to embark on cooperation to develop wireless Internet network for the remote areas in Indonesia.

While, with Facebook and Microsoft, Widodo will ask for the supports to develop technology centers in Indonesian campuses.

Telkomsel to introduce TCashTap to Indonesian market

Telkomsel, a subsidiary of the PT Telekomunikasi Indonesia Tbk (TLKM), has teamed up with Verifone and Finnet to introduce TCashTap to more than 140 million subscribers to tap and pay using their mobile device.

The rollout, which will include fast food joints, cinemas and supermarkets, will accept any NFC enabled device and enable users with the TCash mobile wallet to “tap and pay” in thousands of merchants across Indonesia including, the company said in a statement.

Verifone Mobile Money’s software enables mobile phones and merchant terminals to seamlessly connect to the TCash wallet. Finnet connectivity provides the mobile user access to Indonesia’s banks nationwide.  Finnet also facilitates the interbank connectivity, supporting a wide range of payment types and acceptance options.

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“We have concentrated on delivering a world first solution to Telkomsel with integrated loyalty, enabling Telkomsel and its partner merchants to offer a wide range of ‘tap and pay’ offerings.” Chris Jones, chief executive of Verifone Mobile Money, said.

The chief executive of Finnet Indonesia, Niam Dzikri added that the demand for e-money services is increasing in Indonesia and was fueled by the government-supported national movement of non-cash (GNTT).

“With Finnet’s experience in electronic payments coupled with the solution from Verifone Mobile Money we will enable Indonesia to move towards its goal of being a cashless economy,” he said.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.