Jakarta, March 26, 2020 - PT Cashlez Worldwide Indonesia Tbk ("Cashlez" or "Company"), as a Financial Technology (FinTech) company engaged in the Payment Gateway field, participated in preventing corona virus transmission. This is in line with the call from Bank Indonesia, so that more people use non-cash transactions to reduce the transmission of the corona virus.

According to the World Health Organization (WHO), cash can contribute to the spread of the COVID-19 virus. WHO says that the virus has the ability to survive on the surface of cash for days. This is also supported by a statement from an infectious disease specialist in one of the developed countries. The reason is, a citizen in question, tested positive for the corona virus after conducting transactions with cash.

Cashlez, which has been present since 2015 in promoting the ease and security of non-cash transactions, now participates with Bank Indonesia to prevent the spread of the corona virus through non-cash transactions. Cashlez is positive that this non-cash movement will succeed and can facilitate transactions now. This is because the trend in the use of non-cash transactions has increased significantly since January this year.

"In the last two months, from January to February 2020, we experienced a rapid increase in transactions. Of the 7,000 merchants we assisted, our average transaction reached 213.6% and GTV (Gross Transaction Value) average growth reached 194.3% compared to the same period last year. The increase occurred from the 3 highest payment methods namely QR payment, card payment and Cashlez-Link, "said Cashlez Chief Revenue Officer, Tan Leny Yonathan.

The use of non-cash transactions will certainly increase this year. "This is because more and more people are being called on by the government to do social distancing and work from home. So that the transaction activities that were previously carried out by direct contact using cash, are now carried out in non-cash to prevent transmission of the corona virus, "he concluded.

[1] WHO peringatkan penyebaran corona lewat uang tunai, ini jawaban BI, https://nasional.kontan.co.id/news/who-peringatkan-penyebaran-corona-lewat-uang-tunai-ini-jawaban-bi

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