JAKARTA, June 2, 2021 – PT Cashlez Worldwide Indonesia Tbk (“Cashlez”), today (2/6) held a virtual Public Expose regarding the company’s performance in 2020. Cashlez, which is a financial technology company in the payment gateway sector, has a vision to become the leading payment company in Indonesia. In order to achieve this vision, Cashlez consistently carries out a strategy that is in accordance with the company’s mission in providing the best solutions, relevant technology and products that are secure and easy to use for business people.

 

From 2015 to 2020, Cashlez has made various positive achievements. Having received an official permit from Bank Indonesia and PCI DSS v3.2.1 Certification, Cashlez is also aggressively developing its products and services to improve the cashless society in Indonesia.

 

In 2020, the pandemic has pushed the world to accelerate the transformation of the digital economy, not least in Indonesia, so that people have begun to adopt the "new normal" protocol, especially in conducting business activities. This causes a change in people’s behavior patterns in making payment transactions towards cashless payments. The acceleration of the digital economy has opened up opportunities for innovative payment solutions to adapt to new behaviors.

 

Cashlez also adapts and focuses on developing solutions according to the needs of business actors in the digital era. This is also the main factor that drives Cashlez’s business. Thus, throughout 2020, Cashlez managed to achieve rapid growth by recording an increase in net income to Rp84.32 billion compared to Rp16.61 billion recorded in 2019, an increase of 407.73% on an annual basis. This increase has resulted in a growth in the Company’s profit share from a net loss of Rp10.85 billion in 2019 to a net loss of Rp7.13 billion in 2020.

 

President Director of Cashlez, Suwandi said, “Even though it was affected by the pandemic, Cashlez managed to achieve positive achievements. In 2020, we became a public company and acquired PT Softorb Technology Indonesia (STI). We also process QRIS payments, expand payment options and partner with financial institutions to provide access to funding. We believe that consistent efforts will bring Cashlez to a new chapter in the payments industry in Indonesia.”

 

Suwandi added that until the end of December 2020, the total merchants who joined Cashlez reached more than 9,000 merchants including several well-known brands such as KalCare, Brawijaya Hospital, BFI Finance, Shafira, Zoya, and Fish & Cheap.

 

“Seeing the rapid development of digitalization in Indonesia, we see enormous potential for the payment solutions industry and will continue to provide support to business actors to develop their business in the current digital era. We are optimistic that in 2021, Cashlez can show even better performance compared to 2020 with a target of 5,000 new merchants and an increase in gross transactions of 10 trillion.” explained Suwandi.

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