Partnership Will Boost GE Money's Coverage Of ATMs In Indonesia By 30% To Over 15,000
Jakarta, 5 November 2008 -- PT Bank Mandiri (Persero) Tbk. and PT GE Finance Indonesia (GE Money) announced today a partnership to provide a payment facility for GE Money customers. Effective immediately, GE Money customers who have bank accounts with Bank Mandiri will be able to pay their GE Money bills at all Bank Mandiri ATMs.
With the addition of the facility, GE Money will have coverage of all major banks in Indonesia, and boost its ATM coverage by almost 30% to 15,000 ATMs in Indonesia. GE Money is a leading issuer of credit cards in Indonesia, with flagship cards such as GE Money Shopping Card and GE Money Credit Card. In the area of credit card bill payments, Bank Mandiri currently serves more than 10 most prominent Banks/Financial Institutions in Indonesia.
"The partnership is in line with Bank Mandiri's and GE Money's aim to constantly provide more convenience to its customers, and highlight the popularity of ATMs as a preferred payment channel. We believe that with ATM Mandiri's broad network we will be able to give the best services to our customers," said Budi G. Sadikin, Director Micro & Retail Banking, Bank Mandiri.
Harry Sasongko, CEO of GE Money Indonesia said, "As a leading credit card issuer in Indonesia, GE Money's top priority is to always provide convenience and innovation to customers. In this regard, we are pleased to work with Bank Mandiri, a leading bank, to bring more payment convenience to our customers. Today's announcement is also part of GE Money's commitment to continuously delight customers with straight-forward and hassle-free solutions."
According to a consumer focus group study done by GE Money over several months in Indonesia, 70% of 1,710 respondents chose ATMs as their preferred mode of payment for credit card bills.
About Bank Mandiri
Bank Mandiri is a leading bank in Indonesia and provides a wide range of services including Corporate, Commercial, Micro & Retail, Consumer Finance and Treasury & International Banking. To support its businesses, Bank Mandiri has subsidiaries such as Mandiri Sekuritas (capital market services), Bank Syariah Mandiri, AXA-Mandiri Financial Services (life insurance) as well as Bank Sinar Harapan Bali (UMKM).
Bank Mandiri employs 21,679 employees, 1,000 branches and 6 overseas branches/ representatives/ subsidiaries. Distribution network of Bank Mandiri equipped with 3,366 ATM, 7,386 ATM of LINK and 13,610 ATM Bersama Network, and more than 27.225 EDC as well as electronic channels including Internet Banking, SMS Banking and Call Center 14000.
About GE
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at http://www.ge.com.
About GE Money Indonesia
In 1992, GE Money established its presence in Indonesia as GE Consumer Finance and adopted its current "GE Money" global brand in 2005. Operating in 10 cities in Indonesia, PT. GE Finance Indonesia (GE Money) has been serving more than one million consumers with a wide range of credit card and vehicle financial solutions. Credit cards offered include the GE Money Shopping Card and GE Money Gold Card. Vehicle financial solutions are offered through PT. Astra Sedaya Finance (Cars) and PT. Federal International Finance (Motorcycle), and through BMW Financial Services. More information can be found at http://www.gemoney.co.id.
Ani Rahardjo