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February 28, 2017

Finnet selects Cellum Mobile Next platform

Finnet, an Indonesian electronic payment provider and member of Telkom Group, has reached an agreement with Hungary-based Cellum to use its Mobile Next platform for its soon-to-launch mobile payment and commerce services.

By Verdict Staff

Finnet, an Indonesian electronic payment provider and member of Telkom Group, has reached an agreement with Hungary-based Cellum to use its Mobile Next platform for its soon-to-launch mobile payment and commerce services.

Cellum will service its telco, utility and merchant partners with modern, secure proximity and remote digital payment solutions, including mobile parking, airtime top-up, utility bill payment and in-store purchases using QR codes in the initial phase.

In future, additional services and additional funding sources such as bank cards will also be implemented.

Cellum will deliver banking-grade PCI-DSS compliant back-end and payment applications to nearly 150 million smartphone users as potential clients.

Available for both banked and unbanked individuals, the service will help promote financial inclusion in the country of nearly 260 million, according to Cellum.

Both the partners have agreed to roll out the service during the second half of 2017.

Cellum CEO Janos Koka said: “We are bringing next-generation mobile commerce services to the partnership. Transactions will be secure and quick, with the best-in-class user experience for smartphone customers. Southeast Asia, and within it Indonesia especially, plays a key role in Cellum’s market strategy.”

Finnet CEO Niam Dzikri said: “Finnet and Cellum jointly possess all ingredients for a successful digital payment transformation in Indonesia. As an aggregator of utility bills, mobile top-up services and merchant solutions, we want to make transactions cheaper, more secure, convenient and ubiquitously available to our partners and customers.” 

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