Jakarta, 28 July 2021 – UOB Indonesia today announced a collaboration with Cashlez, a financial technology company that focuses on payment gateways for merchants and digital players, in providing the first payment service in Indonesia for small businesses and medium enterprises (SMEs).

Through this collaboration, Cashlez’s mobile point of sales service and other digital payment features are integrated through UOB BizSmart, a cloud-based service designed to help SMEs increase the efficiency of operating their business. With the services provided by Cashlez, SMEs can now receive payments easily and deposit funds directly into their UOB accounts. SMEs can also use the Cashlez dashboard to monitor and track sales transactions and reconcile trade transactions with UOB accounts in real time.

Features in the Cashlez digital transaction medium complement UOB BizSmart digital services which include accounting, HR management and payments. This collaboration also shows the shared vision of UOB Indonesia and Cashlez in helping SMEs in the country by developing digital transformation.

Paul Kan, Head of Business Banking, UOB Indonesia, said, "Our strategic collaboration with Cashlez further strengthens the ecosystem partnership that we have built to provide benefits for our SME customers. With this easy and simple solution integrated with UOB BizSmart, our SME customers can access an effective method of receiving payments. This allows customers to increase the efficiency of their financial management and increase competitiveness, so that our customers can stay focused on developing their business in a sustainable manner.

Suwandi, CEO of Cashlez, said, "We are pleased to be partnering with UOB Indonesia in introducing Cashlez products and services to a wider range of customers, along with opening market access and attracting new consumer segments to create sustainable growth in the SME sector. Together with UOB Indonesia, we will continue to empower online merchants, shops and businesses by providing a secure transaction medium that is integrated with UOB BizSmart. Our digital options equipped with the latest technology will improve the quality of customer service and allow us to expand our new customer base.

For further information about UOB BizSmart and Cashlez products and services, SMEs can visit www.uob.co.id/bizsmartcashlez or contact UOB Indonesia’s relationship manager or Cashlez sales representative.

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