JAKARTA, July 29, 2020 - In accordance with Cashlez’s commitment to become an integrated non-payment payment solution for business owners, Cashlez as a fintech company in the field of payment gateways that already has official permission from Bank Indonesia in collaboration with PT Softorb Technology Indonesia (STI) to provide e-payment services -Money on Cashlez Card Reader, CashlezONE.

PT STI is a subsidiary of Cashlez which was acquired last May from IPO proceeds. STI complements the front end part of the payment transaction system (payment gateway) and Cashlez in the back end. PT STI focuses on RFID and smart card technology for payments. Both companies have the same mission to expand non-cash receipts in the country in all sectors. This is also in line with the expectations of Bank Indonesia to expand the use of non-cash, especially e-Money.

Tee Teddy Setiawan, CEO of Cashlez said, "Indonesian people generally already have e-money for toll payments, transportation, minimarket and others, we want to expand the use of e-money for payments at offline merchants such as coffee shops, retail, fashion, etc. We hope that e-Money can be used as an innovative and convenient payment tool that can optimize payments for business economic activities. "

Payment by e-Money can be done in Cashlez Card Reader, CashlezONE using the Tap Card method. "So Cashlez merchants who already have CashlezONE can receive e-Money payments from customers. The way to do this is by upgrading the e-Money feature in the Cashlez App in CashlezONE. Currently we are still working with an electronic money card from Bank Mandiri, but in the future we will expand it with an electronic money card from another bank. " stated Teddy Tee.

Until now, Cashlez has embraced more than 7,000 businesses of various scales including enterprise, medium and small merchants, in the fields of retail, fashion, food & beverage, tourism, etc., and has been present in major cities in Indonesia, namely Jakarta, Bali, Bandung, Surabaya, Medan, Yogyakarta, Makassar and Malang. Going forward, Cashlez will continue to improve its products and services and expand its network in achieving Cashlez’s vision to become a Leading Payment Company in Indonesia.

Share : icon icon