Apr 11, 2012

Astra Graphia, Monitise set up joint venture


PT Astra Graphia Tbk (ASGR) has set up a joint venture company with Monitise Asia Pacific dubbed PT AGIT Monitise Indonesia.
AGIT Monitise has also completed its installation in a Jakarta-based data center to support the full spectrum of mobile banking, payments, and commerce.
In a press statement today, the platform will allow banks, mobile operators, retailers, and other service providers to connect via a fully interoperable and secure network. Hence, they can deliver mobile services to both banked and unbanked customers.
Monitise Asia Pacific is a 50/50 joint venture between Monitise Plc and the First Eastern Investment Group.


Disclosure: No position at the stock mentioned above.

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