Posindo expands finance division
The financial business of state own PT Pos Indonesia reported a steady growth rate by 36% in the last few years, pushing the company to continue expansion on fi nancial-based services. President director Hana Suryana said more and more fi nancial institutions are collaborating with Posindo. At least 36 business partners are fi nance services of Posindo, including payment for credit card, electricity bills, water bills, andautomotive credit.
Recently Posindo agreed to expand the services of Citibank via Posindo’s network throughout the archipelago. Citibank and Posindo are partners since 1992 when Posindo agreed to handle Citibank credit cards payment. Since then, over 500,000 mails and bills ofCitibank are sent via Posindo.
Posindo has also launched online services such as ATM Pos, Duit Pos, Kartu Payment Point and mall-based servicessuch as Kios Pos and Warmasif.
Suryana said financial division’s contribution is about 7% (Rp150 billion) of the company’s total revenue, far below communication and logistics divisions. Nevertheless, fi nancial division is growing. Now, 1,897 of Posindo offi ces are equipped with online services, expected an increase to 3,500 offi ces next year. With that, Posindo’s revenue from finance services will grow by 10%.
