Tyfone, a mobile financial and security solutions provider, announced earlier today that they have secured a 10 year partnership with PT Number One, a company with a consolidated track record of more than 20 years in the secure ID card and card personalization solutions business in Indonesia for the country’s leading banks.
This strategic partnership with PT Number One will bring the entire suite of Tyfone mobility solutions to the Indonesian market, starting with the financial services industry. Tyfone’s robust mobile financial solutions suitebranded iCashe™ includes: mobile banking; patented smartcard based identity management for mobile security;and mobile payments, with and without NFC.
PT Number One has enabled the personalization of more than 100 million cards for Indonesia’s leading banks, including each of the top 10 banks. After an extensive search of global providers, PT Number One has now selected Tyfone to serve the migration of financial services to mobile. The partnership combines PT Number One’s business acumen and market share with Tyfone’s proven ability to deliver integrated mobile banking and mobile payments functionality on a single platform. The PT Number One-Tyfone combination also provides a framework for delivering mobile solutions with over-the-air personalization services for secure ID and NFC contactless payments via Tyfone’s u4ia® mobility platform.
“The mobile ecosystem is changing rapidly and the ability to recognize and adapt to customer needs playsa vital role in PT Number One’s success in the industry,” said Mr. Keith Steven Muljadi, PT Number One’sManaging Director. “PT Number One has partnered with Tyfone because of its innovation, superior technology,implementation capability, patent portfolio and most of all, its knowledgeable staffs. Tyfone not only offers anintegrated platform for software and services in banking and payments, the contactless NFC innovations fromTyfone will be key in enabling the only global standards for in-store mobile payments. We foresee great successas we partner with Tyfone to take these powerful mobile financial services to the Indonesian market.”
The partnership will see a huge step in Indonesia’s mobile commerce space, where payments will come to mobile now, effectively opening up a new channel for companies to connect with their customers. Earlier this week, during the PropertyGuru press conference, Bambos Kaisharis, Head of Consumer Goods, Southeast Asia at Google revealed that in Indonesia, 1 out of 4 internet queries (23%) comes from mobile, and is growing at a steady rate. With the PT Number One-Tyfone partnership, we are definitely going to see that figure increase.
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