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    BNGA   ID1000098007

PT BANK CIMB NIAGA TBK

(BNGA)
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Liquid Group Partners CIMB Niaga to Support Bank Indonesia's QR Code Standardisation Trial for Cross-Border Transactions

06/20/2019 | 09:09pm EDT

Liquid Group and PT Bank CIMB Niaga Tbk announced a strategic partnership to spearhead cross-border QR payment acceptance between Singapore and Indonesia. The partnership was initiated through their joint participation in Bank Indonesia's Quick Response Indonesian Standard (QRIS) trial for cross-border payment transactions. The QRIS trial was conducted on May 23, 2019 using the CIMB Niaga's digital banking product "Go Mobile" carried out at selected merchants located at Terminal 3, Singapore Changi Airport. Slated to launch in the third quarter of 2019, Liquid Group and CIMB Niaga will enable the acceptance of participating QRIS compliant payment apps and e-wallets at Singapore Changi Airport through Liquid's integrated QR payments and marketing infrastructure launched back in April this year. Liquid Group and CIMB Niaga have successfully completed their proof-of-concept with CIMB Niaga's Go Mobile application and QRIS compliant payment apps and e-wallets. With the integration of Bank Indonesia's QRIS code into Liquid Group's cross-border payments platform, Indonesian travellers will be able to use their preferred local payment apps to make purchases at Changi Airport. Furthermore, Liquid Group and CIMB Niaga will be looking at opening the Singapore - Indonesia corridor for QR payments, enabling the acceptance of Singapore's local payment apps and e-wallets at participating merchants in Indonesia.


© S&P Capital IQ 2019
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) 0.31% 6532.371 Real-time Quote.11.90%
PT BANK CIMB NIAGA TBK -1.01% 985 End-of-day quote.-1.01%
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Financials
Sales 2021 17 022 B 1,19 B 1,19 B
Net income 2021 2 877 B 0,20 B 0,20 B
Net Debt 2021 - - -
P/E ratio 2021 8,00x
Yield 2021 3,00%
Capitalization 24 556 B 1 722 M 1 719 M
Capi. / Sales 2021 1,44x
Capi. / Sales 2022 1,37x
Nbr of Employees 11 552
Free-Float 0,29%
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Number of Analysts 4
Last Close Price 985,00 IDR
Average target price 1 120,00 IDR
Spread / Average Target 13,7%
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Managers and Directors
Tigor M. Siahaan President Director & Chief Executive Officer
Kai Kwong Lee Director-Strategy & Finance
Didi Syafruddin Yahya President Commissioner
Yenny Siswanto Head-Information Technology
Fransiska Oei Secretary, Director-Legal & Compliance
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