Walletku Indonesia is Officially Acquired by TNG FinTech Group Hong Kong
JAKARTA,Indonesia,Oct. 24,2018 --Walletku Indonesia is officiallyacquired by TNG Financial Technology Group to strengthen their positions in the Southeast Asia market. Farid MN as co-founder and CEO of Walletku said,"We are so glad that we joined TNG. This is a good opportunity for us toenhance Walletku's services and representation in Indonesia. With TNG's technical excellence and wide network,we are certain that we will become one of the leading e-walletapplications in Indonesia."
Walletku offers solution to users in Indonesia todeposit their money into the application forpaying bills,loan transaction,and buy phone credit. Walletku's role as a network agent efficiently facilitating financial cycle in Indonesia and helps to bridge with financial system abroad.
Tri Putra Permadi as founder and COO of Walletku said,"Walletku has various features on its application that can be a help for its usersto do their daily transactions and become a solution to start a business with a minimum capital,includingprepaid phone credit sales & smartphone's data package,starter pack sales or SIM card,monthly bills payment (electricity,phone,water,BPJS insurance,TV cable and leasing),travel ticket sales (train,bus and plane),as well asgames & entertainment ticket sales --one of them is SportsHero which is the first game application of strategy football team in Indonesia."
"In the future,we will launch a few services which are Walletku Mart (the most complete groceries shop that provides various needs from foods & drinks,fresh foods,to home appliances),insurance premium sales,books and school uniform sales,and electronic money services or what we called 'wCash'."
Currently,Walletku has over 22,000 networks that spread across Indonesia with a target focus on small and medium enterprise (SME). This is because Walletku wants to empower small and medium enterprises and make them independent entrepreneurswho can increase their income through the Walletku application.
Since it wasofficially established in 2017,Walletku has recorded more than 3 million users that has beenmaking transactions throughWalletku's merchants,and TNG has recorded a combined yearly growth for 27%.
TNG's founder and chief Jiang Qingen said that 64% Indonesian people do not have a bank account,and they arethe group of users targeted by Walletku. Walletku and TNG has a similar concept and strategy,and are committed toproviding a comfortable and fast services to a non-bank population. With inserting it into TNG's map,it is expected to strengthen TNG's leading position in Asia and Walletku's positionin Indonesia.
After finishing the acquisition,Walletku will be grouped into "Global Electronic Wallet Alliance"which wasinitiated by TNGin 2016. Alliancemembersinclude China,Philippines,Singapore,Malaysia,Thailand,Vietnam,Sri Lanka and Bangladesh. E-wallet userswho havebeenlisted asmembers are able to do real-time transfers,sendinstant messages and do P2P calls to each other,allowing forsocial and financial transactions to combine.
About Walletku
Walletku is a E-wallet applicationuseful for easing Indonesiansin doingdaily transactions,especially thosewithout bank accounts yet. Its functionsinclude bank transactions andgiving benefitsto its users. Walletku provides a platform to fulfill the needs of non-cash transactions for Indonesians.
Established in November 2017 by Tri Putra Permadi (Founder & COO) and Farid MN (co-Founder & CEO),Walletkuhas visioned to become a digital financial identity and an official digital payment tool for all Indonesian people. At the moment,Walletku has featured prepaid phone credit sales & smartphone's data package,as well as games & entertainment ticket.
About TNG Financial Technology Group
Headquartered in Hong Kong,TNG Financial TechnologyGroup is an industry pioneerthat providesNext Generation financial services through various e-wallet platforms to 1.2 billion people in Asia who do not have bank accounts yet. Financial servicesthat are being provided include electronic payment,global money transfer,withdrawal and money settlement globally,wealth management,etc. TNG Financial Technology Groupinitiated "Global E-Wallet Alliance" that currently covers Hong Kong and 12 other markets in Asia,including mainland China,India,Sri Lanka,Bangladesh,Nepal and Palistan.TNG provides cash deposit and withdrawal service to its users through 852 bank networks and over than 183,000 cash withdrawal spots globally.
Media Contact:
Alfernia Oktavia
Marketing Communication Manager
PT Walletku Indompet Indonesia
+(62) 21-8590-3636 / +(62) 856-990-5845
alfernia@walletku.com
