Jakarta, 15 November 2021 - In the current era of VUCA (Volatility, Uncertainty, Complexity, and Ambiguity), where business challenges continue due to the global health crisis caused by the prolonged Covid-19 pandemic, PT Cashlez Worldwide Indonesia Tbk (Cashlez) as a payment system service provider licensed as a payment gateway from Bank Indonesia, managed to record a promising performance in the third quarter of 2021.
Total revenue in the third quarter – 2021, Cashlez managed to record revenue of Rp. 111 billion or an increase in revenue growth of 47% compared to the previous quarter. The company’s revenue achievement in this quarter has also exceeded the annual revenue achievement in 2020.
In the midst of economic instability as a result of the ongoing Covid-19 pandemic, Cashlez was also able to maintain Gross Profit growth from the previous quarter to Rp. 27.7 Billion as of September 2021.
President Director & CEO of Cashlez, Suwandi said, “This success is driven by the company’s strong management commitment in penetrating business strategy through collaboration and optimization of Cashlez products and services. In addition, Cashlez also continues to synergize with its subsidiary, PT Softorb Technology Indonesia (STI) as part of a sustainable business strategy in the field of electronic payments in the transportation industry.”
In the third quarter of this year, Cashlez continued to expand its merchant reach with the addition of more than 3,106 new merchants or 62.12% of the 2021 target. The growth of these merchants came from various different industries, ranging from retail, automotive, health, food services and beverage and other industries. The new merchants that have joined Cashlez in the third quarter include Yabisa, UrShipper and RSU Manuaba. Currently, Cashlez continues to explore various industries to increase the variety of business actors.
Improved performance in the third quarter of this year, driven by the implementation of strategies that are adaptive to the existing situation, including implementing growth strategies through innovation and developing products and services, both in terms of cashier applications, payment acceptance (credit cards, debit cards, QRIS, e-money, Virtual Accounts, installments), as well as adding merchant funding features in collaboration with banks and non-banks.
"We hope that in the next fourth quarter, the strategy implemented can make a positive contribution to Cashlez’s business performance." said Suwandi.
As of the third quarter, Cashlez has assisted more than 12,000 business players from various business segments spread throughout Indonesia. Cashlez is committed to being the best solution for business actors and the best partner for banks and non-banks as the preferred payment gateway that provides added value to stakeholders.