Indonesian postal funds boosted
State postal service provider PT Pos Indonesia will allocate Rp 600bn ($63.6m) to its capital expenditure next year, about six times more than in 2009.
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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%.
Read MoreSingPost signs collaboration agreement with Pos Indonesia
Singapore Post is setting the stage to expand its presence in Indonesia.
It is linking up with Pos Indonesia on four initiatives: channelling services, remittances, logistics and direct mail.
The two parties signed a collaboration agreement to work together on Thursday.
In a joint statement, SingPost and Pos Indonesia said the collaboration is part of a strategy to leverage on each other’s strengths for growth and expansion.
Read MoreIndonesian postal, mobile, logistics forms agree to cooperate
Postal service PT Pos Indonesia, telephone cellular operator PT Telkomsel and PT Gapura Angkasa have engaged in strategic cooperation in fulfilling their respective commitment to guarantee the quality of their public service, comprising the telecommunications service, the postal service and the cargo transport service. The cooperation agreement was signed here on Wednesday by PT Pos Indonesia managing director Hana Suryana, PT Telkomsel managing director Kiskenda Suriahardja and Gapura Angkasa managing director Robert D. Waloni, in the presence of Minister of State-Owned Enterprises Sugiharto.
Read MoreGaruda Indonesia extends mail contract with Pos Indonesia
Indonesian flag carrier Garuda Indonesia has extended its contract with postal services company PT Pos Indonesia to transport mail inside and outside the country, an official report said.
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