Verifone Mobile Money, PT. Finnet and PT. Telkomsel Indonesia launch TCash Tap

Mobile network operator Telkomsel Indonesia the largest mobile operator inSouth East Asia has teamed up with Verifone Mobile Money and Finnet Indonesia to introduce TCash Tap to merchants acrossIndonesia, allowing Telkomsel's more than 140m subscribers to tap and pay using their mobile device.

The rollout which includes fast food, cinema and supermarkets will accept any NFC enabled device and enable users with the TCash mobile wallet to 'tap and pay' in thousands of merchants across Indonesia including McDonald's, Wendy's, Coffee Bean, Baskin Robins, 7 Eleven, Cinema XXI, GraPARI, Alfamart and Indomaret stores (http://digitalpayment.telkomsel.com).

Verifone Mobile Money's software enables mobile phones and merchant terminals to seamlessly connect to the TCash wallet enabling 'tap and pay' with your mobile for everyday purchases. Finnet connectivity provides the mobile user access to Indonesia's Banks nationwide.  Finnet facilitates interbank connectivity, supporting a wide range of payment types and acceptance options.

Commenting on the launch, Chris Jones, Chief Executive of Verifone Mobile Money said "this launch has enabled contactless mobile payments in Indonesia to move into the mainstream with more and more consumers seeing the value of using their mobile device to purchase everyday items.  We have concentrated on delivering a world first solution to Telkomsel with integrated loyalty enabling Telkomsel and its partner merchants to offer a wide range of 'tap and pay' offerings."

Chief Executive of Finnet Indonesia, Niam Dzikri said "the demand for e-money services is increasing in Indonesia fueled by the government desire for a cashless Indonesia.  Indonesia has launched the Gerakan Nasional Non Tunai (GNNT) program (the national movement of non-cash). With Finnet's experience in electronic payments coupled with the solution from Verifone Mobile Money we will enable Indonesia to move towards its goal of being a cashless economy."