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Sarinah and Cashlez announces cooperation for non-cash transactions

26 January 2022 11:13

JAKARTA - Sarinah and Cashlez, an Indonesian fintech payment gateway company, collaborated to facilitate non-cash transactions with Sarinah, which is the first modern shopping and retail center in Indonesia. Through this collaboration, all Sarinah outlets, whether in store, e-commerce or on Sarinah's mobile apps, will be able to accept non-cash payments such as credit/debit cards, QRIS, Virtual Accounts, and PayLater who are members of the Cashlez ecosystem.

Fetty Kwartati President Director of PT. Sarinah welcomed this collaboration positively. She also said that as a State-Owned Enterprise (BUMN) it is necessary to adapt to existing industrial developments through various collaborations, one of which is with fintech.

“Digitalization is a necessity in the retail sector, but on the other hand enjoying the direct shopping experience is still a consumer attraction. In addition to convenient shopping, Sarinah, which has transformed into a Community Mall, provides a stage for community work, especially the creative community and tourism stakeholders, who are already connected to the end-to-end digital ecosystem as the upstream sector. Meanwhile, the most valuable downstream sector and value chain are cashless transactions that guarantee accuracy, convenience and security,” she added.

As is known, since the Covid-19 pandemic, the growth of digital transactions has increased rapidly in Indonesia. Based on data from Bank Indonesia, electronic money transactions until the third quarter of 2021 recorded an increase of 45.05% year-on-year (YoY). This growth is accompanied by increasing public expectations and preferences for shopping digitally. Therefore, Sarinah also supports the growth of Indonesia's digital financial economy through the implementation of non-cash payments.

In the framework of the Sarinah Road to Grand Launch which is scheduled for March 2022, this program has been activated (commissioning & trial) in stages. President Director of Cashlez, Suwandi, added that payment integration has now been carried out at Sarinah stores in Jakarta, Bandung, Malang and several other areas. (LM)

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