Wirecard's Indonesian arm has partnered with local financial technology firms to integrate a Near Field Communication-powered mobile wallet, TCASH, into its global network.
PT Prima Vista Solusi, the Wirecard affiliate, announced it will be collaborating with Telkomsel, the maker of TCASH, and PT Finnet Indonesia, a joint venture with Yayasan Kesejahteraan Karyawan Bank Indonesia that supports IT infrastructure for financial transactions in the country.
TCASH, which allows users to pay for goods and services electronically, is equipped with an NFC sticker for online and in-person transactions.
Widhayati Darmawan, the managing director of PT Prima Vista Solusi, praised in a Dec. 4 press release the company's "commitment in providing relevant technologies to facilitate cashless transactions." She added, "With an approximately 250 million population and sizeable unbanked segment, Indonesia presents good potential in terms of the addressable market for electronic money and micro payment solutions."