By Gloria Mathias
An all-encompassing financial group centered around FinTech Eddid Financial has partnered with PT Finnet Indonesia and ManagePay Systems Berhad, two FinTech companies in Indonesia and Malaysia, respectively.
The three parties signed a Memorandum of Understanding (MOU) to form a tripartite collaboration to explore financial innovations in Indonesia.
As part of this partnership, the three parties will collaborate on various initiatives, combining their expertise and resources to develop innovative FinTech solutions and expand their presence in the Indonesian market.
The collaboration aims to establish a joint venture in Indonesia as a vehicle to implement the partnership’s goals and further commercial arrangements.
Finnet is a subsidiary of PT Telkom Indonesia, a state-owned information and communications technology enterprise and the largest telecommunications network in Indonesia. As a FinTech services provider, Finnet offers a wide array of services in Indonesia, such as remittance, digital payments, electronic money, QRIS payments.
MPay, a listed company in Malaysia, is a provider of end-to-end electronic payment solutions for banks and financial institutions, with over two decades of experience. Over the years, it has expanded its offerings to include P2P lending, micro-lending, project financing, P2P Remittance, cross-border remittance, merchant acquiring, and e-Wallet & Mastercard prepaid card issuer in Malaysia.
Anchored in Hong Kong, Eddid Financial is dedicated to integrating cutting-edge artificial intelligence technologies and other latest technologies into its enterprise DNA. The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, investment banking, and virtual assets.
Eddid Financial is committed to providing one-stop financial services and products to customers through premium investment solutions.
