Wirecard and Bank Mandiri, one of Indonesia's largest banks, cooperate on digital financial solutions for corporate customers

Aschheim (Munich)/Jakarta (ots) -

- Mandiri Cash Management services, powered by Wirecard technology,
support over 27,000 active corporate customers
- Thanks to Wirecard, Bank Mandiri has launched a new Customs
Management service, a payment integration with the Indonesian
Directorate General for Customs and Excise (DJBC), helping corporate
customers to make customs and excise payments
- Bank Mandiri has more than 2,620 domestic branches and seven
overseas branches

Wirecard, the global innovation leader for digital financial technology,
cooperates with one of the largest banks in Indonesia, Bank Mandiri, on digital
financial solutions for corporate customers. Thanks to Wirecard, Bank Mandiri
has been able to launch a new service for its 27,000 corporate clients which
enables them to streamline Customs and Excise payments thanks to direct
integration with the Indonesian Directorate General for Customs and Excise
(DJBC). Bank Mandiri has more than 2,620 domestic branches and seven overseas
branches, and reported a consolidated profit of EUR 1.6 billion in 2018.

The Customs Management service is a new feature within the Mandiri Cash
Management (MCM) solution, supported by Wirecard technology and provided to over
27,000 active Bank Mandiri corporate customers. The MCM solution enables these
clients to carry out a wide range of operations, including liquidity management
and online foreign exchange. The solution covers the entire cash management
services value chain in an easy-to-use and customizable interface.

Based on the company's international expertise, Wirecard has developed specific
solutions tailored to the needs of banks in Asia that want to provide digital
banking services to corporate or retail clients. In Indonesia, Wirecard is
already market leader in corporate transaction banking software solutions.

The new payment solution is a result of the Indonesian Directorate General for
Customs and Excise (DJBC) integration with Bank Mandiri, based on open APIs.
This allows corporate customers to search DJBC invoices, check their billing
status and make payments all in one transaction cycle. Corporate customers
benefit from real-time information, avoiding duplicate payments, as well as
accelerated transaction times and increased efficiency in the payment process.

"In addition to providing the best possible financial services to our customers,
we are committed to supporting Customs and Excise by meeting the financial needs
of the Directorate General," commented Dadang Ramadhan, SVP Government and
Institutions at Bank Mandiri. "53% of customs and excise payments are already
carried out through our MCM channel. Through our cooperation with Wirecard, we
expect to further increase the overall use of MCM."

"We are proud to support Bank Mandiri, one of the largest financial institutions
in Indonesia, in their digital journey," added Oliver Quadt, Managing Director
Indonesia & VP Business Integration Asia at Wirecard. "We are delighted that
Bank Mandiri has chosen us as their technology provider for corporate solutions,
and are confident that the solutions we are providing together will continue
exceeding the expectations of Bank Mandiri's customers."

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in
the area of financial commerce. We provide both business customers and consumers
with a constantly expanding ecosystem of real-time value-added services built
around innovative digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate enhancement in
all sales channels (online, mobile, ePOS). Wirecard operates regulated financial
institutions in several key markets and holds issuing and acquiring licenses
from all major payment and card networks. Wirecard AG is listed on the Frankfurt
Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on
www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.

About Bank Mandiri:

Bank Mandiri is one of the leading banks in Indonesia with financial services to
customers covering the Corporate, Commercial, SME, Micro, Consumer Banking and
Treasury business segments. Bank Mandiri has more than 2,620 domestic branches
and 7 overseas branches, and reported a consolidated profit of EUR 1.6 billion
in 2018.

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell