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BRI Earmarks Rp300bn to Acquire 19% in LinkAja

Translator

Ririe Ranggasari

Editor

Petir Garda Bhwana

16 May 2019 10:03 WIB

TEMPO.CO, Jakarta - Bank Rakyat Indonesia (BRI) is preparing an investment budget of Rp300 billion to inject capital into LinkAja, the integrated e-payment platform of state-owned companies. With the fund, BRI will initially own 19 percent stake in LinkAja's, which is managed by Fintek Karya Nusantara (Finarya).

BRI president director Suprajarto said here on Wednesday the ownership portion of BRI and other SOEs in LinkAja is still the same as the original plan.

In the initial draft, Finarya will be owned by four state banks and several SOEs.

Read: Police Say Skimming Fraud Behind Massive BRI Account Theft

BRI, Bank Mandiri, BNI each will have 20 percent shares while BTN and Pertamina each will have seven percent. Telkomsel will own 25 percent, while Jiwasraya and Danareksa will have 0.5 percent each.

LinkAja is a merge of e-payment products and apps owned by SOES, such as Telkomsel's TCash, BRI`s TBank and MyQR, and Bank Mandiri's e-cash, among others.

LinkAja is expected to be a prominent competitor to existing digital payment platforms like GoPay and OVO.

ANTARA

Bank Rakyat Indonesia | BRI


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