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LinkAja
LinkAja! is an Indonesian digital wallet service. The service was originally launched in 2007 by an Indonesian mobile operator Telkomsel as Telkomsel Cash, branded as TCASH. It is developed by PT Fintek Karya Nusantara, a company owned by various state-owned companies; including Telkomsel – itself a subsidiary of Telkom Indonesia, state-owned banks ( Bank Mandiri, BRI, BNI, and BTN), Pertamina, Jiwasraya, and Danareksa. On March 26, 2020, LinkAja partnered with Telcoin, an instant, low-cost blockchain powered remittance service. This partnership is set to explore cashless opportunities in LinkAjas area of operation. The name "Link" comes from an interbank network An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belon ... in Indonesia with the same name. The network is owned by St ...
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Telkomsel
PT Telekomunikasi Selular (trading as Telkomsel) is an Indonesian wireless network provider founded in 1995 and is owned by Telkom Indonesia (65%) and Singtel (35%). It is headquartered in South Jakarta. Telkomsel is the largest cellular telecommunication carrier in the country with 169.5 million customer base as of 2020. The company operates their GSM network on the 900–1800 MHz frequency range, as well as 3G, 4G, and 5G services on other frequencies. Telkomsel operates a variety of mobile services, chief among them are Telkomsel PraBayar (a consolidation of simPATI, kartuAs, and LOOP, all of them Telkomsel's prepaid services) and Telkomsel Halo (formerly kartuHalo). These brands differ on their payment model ( prepaid vs. postpaid) as well as pricing. As of the first quarter of 2020, Telkomsel had a 66.4% share of the Indonesian mobile phone market. History Telkomsel was incorporated on 26 May 1995 in Jakarta, Indonesia by PT Telekomunikasi Indonesia Tbk ( Telkom ...
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Bank Mandiri
PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Total assets as of March 2021, were IDR 1.58 quadrillion (around US$110.56 billion). As of March 2021, Bank Mandiri was the largest bank in Indonesia by total assets. As of December 2020, the bank had 2,511 branches spread across three different time zones in Indonesia and 7 branches abroad, about 13,217 Automatic Teller Machines (ATMs), and five principal subsidiaries: Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri Financial Services, Bank Mandiri Taspen, and Mandiri AXA General Insurance. History Pre-merger Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998. Those four banks were Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. During the amalgamation and reorganisation, the government r ...
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Bank Rakyat Indonesia
PT Bank Rakyat Indonesia (Persero) Tbk ( 'Indonesian People's Bank', commonly known as BRI) is one of the largest banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 4,000 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2010, it is the second largest bank in Indonesia by asset. BRI is the oldest bank in Indonesia, tracing back since 1895. It is currently 53% government owned operating company (Persero) and has been government-owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO. History BRI was founded in 1895, during the Dutch colonial period as ''De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden'' (Help and Savings Bank for Purwokerto's Aristocrats) by Raden Bei Aria Wirjaatmadja in Purwokerto, Centr ...
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Bank Negara Indonesia
Bank Negara Indonesia ( 'State Bank of Indonesia'), is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 1000 branches and over 9 million customers in 2006. It is listed on the Indonesia Stock Exchange as "BBNI". Its market capitalization as of 12 March 2007 was 23.8 trillion rupiah (approximately US$2.6 billion). It is the fourth-largest bank of Indonesia in terms of assets. History Early years Bank Negara Indonesia was established on 5 July 1946. It was prepared to be the Central Bank of Indonesia with the task of issuing and handling Indonesian currency. A few months after its establishment, Bank Negara Indonesia officially distributed the first official currency of Indonesia – ORI or ''Oeang Republik Indonesia''.
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Bank Tabungan Negara
PT Bank Tabungan Negara (Persero) Tbk (lit. "State Savings Bank"), trading as Bank BTN, is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta. Founded in 1897 by the government of the Dutch East Indies as a post office savings bank, its products include banks accounts (savings, current, and fixed deposit), loans (personal, business, and mortgage loans—the latter being its most popular offering since its introduction in the 1970s) and Sharia-compliant banking services. History Bank Tabungan Negara was established in 1897 as a postal savings bank under the name Postspaarbank, with its headquarters located in Batavia. During the Japanese occupation of Indonesia, the bank was frozen and replaced with the After the proclamation of Indonesian independence, the bank was taken over by the Indonesian government on 9 February 1950 under the Emergency Law No.9 and renamed Bank Tabungan Pos (Postal Savings Bank). In 1963 the bank's c ...
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Pertamina
PT Pertamina (Persero), formerly abbreviated from ''Perusahaan Pertambangan Minyak dan Gas Bumi Negara'' (lit. 'State Oil and Natural Gas Mining Company'), is an Indonesian state-owned oil and natural gas corporation based in Jakarta. It was created in August 1968 by the merger of ''Pertamin'' (established 1961) and ''Permina'' (established 1957). In 2020, the firm was the third-largest crude oil producer in Indonesia behind US-based companies ExxonMobil's Mobil Cepu Ltd and Chevron Pacific Indonesia. In 2013, Pertamina was included for the first time in the ''Fortune'' Global 500 list of companies, ranked at 122 with revenues of $70.9 billion, it was also the sole Indonesian company to be featured in the list. According to the 2020 ''Fortune'' list, Pertamina is the largest company in Indonesia. History Nationalization In 1957, Royal Dutch/Shell's assets in Indonesia (trading as Bataafse Petroleum Maatschappij) were nationalised, from which Permina was founded as a state-o ...
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CNN Indonesia
Cable News Network Indonesia (known as CNN Indonesia and abbreviated as CNN ID) is a 24-hour Indonesian free-to-air television news channel owned by Trans Media in collaboration with Warner Bros. Discovery under CNN license. Broadcasting from Trans Media studios in South Jakarta, the local franchise presents national and international content, focusing on general news, business, sports and technology. Programs are aired 24 hours daily via digital terrestrial TV networks, pay TV providers Transvision and IndiHome nationwide; and live streaming services for overseas viewers. History Businessman Chairul Tanjung announced the birth of a strategic partnership between the then CNN brand owner Turner Broadcasting System unit of Time Warner (both Turner and Warner are part of what is now Warner Bros. Discovery) and Trans Media to launch a CNN-branded channel in Indonesia. CNN Indonesia began as an online portal, , on 24 October 2014 with Yusuf Arifin as editor in chief. It made its s ...
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Telkom Indonesia
PT Telkom Indonesia (Persero) Tbk, also simply known as Telkom, is an Indonesian multinational telecommunications conglomerate. Telkom is listed on the Indonesia Stock Exchange and has a secondary listing on the New York Stock Exchange. The government of Indonesia owns over half of Telkom's shares outstanding. Telkom has major business lines in fixed line telephony, internet, and data communications. It is operated as the parent company of the Telkom Group, which is engaged in a broad range of businesses which consist of telecommunication, multimedia, property, and financial services. Since 2008, Telkom Indonesia began changing its business focus, infrastructure, systems, organization, and human resources, as well as the corporate culture, in their effort to face rising competition. After privatization in 1995, Telkom Indonesia's total consumer base grew by 7.8% in 2010 to 129.8 million customers at the end of December 2011, making the company the nation's largest teleco ...
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Interbank Network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of AT ...
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