Indosat Ooredoo, GoSwiff launch mobile payment acceptance solution
By Digital News Asia August 10, 2016
- D-Pay enables merchants to accept mobile payments via debit or credit card, e-wallet
- Says solution will benefit small and medium retailers, and e-commerce companies
INDOSAT Ooredoo has launched its mobile payment acceptance solution D-Pay, in collaboration with Singapore-headquartered financial services solutions provider GoSwiff International as its technology and business partner.
BNI was the acquiring bank at launch.
D-Pay is a financial service that gives merchants the freedom to accept mobile payments via debit or credit card (Visa, MasterCard, JCB) and an e-wallet, anywhere and anytime at enabled D-Pay merchants, Indosat Ooredoo said in a statement.
The solution transforms merchants’ mobile devices into multifunctional payment platforms, enabling those that do not have access to the relevant infrastructure or do not generate sufficient revenue to qualify for traditional point-of-sale (POS) services, to accept card payments by shifting to mobile point-of-sale (mPOS), the telco said.
“D-Pay is the latest product from our mobile financial business,” said Indosat Ooredoo chief of new business and chief innovation officer Prashant Gokarn.
“D-Pay will help reduce cash collection and logistics costs for our e-commerce partners, which in turn will benefit customers with lower prices and assured deliveries,” he added.
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In Indonesia, payment solutions are at an early stage of growth as most retailers use cash for payments or charge customers for credit card use.
In addition to e-commerce companies, D-Pay is also targeted at small and medium retailers which need alternative payment methods but whose business size makes standard banking solutions expensive, according to Prashant.
Indosat Ooredoo was looking for a solution to expand the usage of e-money for cashless payments, which requires a card acceptance method to read its e-money cards called Dompetku, said group head of mobile finance Randy Pangalla.
He said he feels that the partnership will be revolutionary not just within Indonesia's mobile payment landscape but also in shaping consumers’ attitude toward a cashless society.
D-Pay also comes packaged with data, voice and SMS, to support retailers in running their daily business activities.
Indosat Ooredoo, a member of Ooredoo Group, reported 69.8 million mobile customers as per the first quarter of 2016 and has recorded an increase of 52.5% in data usage compared with last year.
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