Mozido launches mobile NFC payment service in Indonesia

Source: Mozido

Mozido, a provider of mobile wallets for payment and commerce solutions, today announced it has launched NFC mobile payment and loyalty services for Telkomsel Indonesia, in partnership with Verifone Mobile Money and financial services provider Finnet Indonesia.

Mozido powers Telkomsel’s NFC-based TWallet application for its 140 million subscribers, enabling them to seamlessly tap and pay with their mobile device at participating merchant locations. Mozido also provides Telkomsel’s merchants with a mobile coupon management system that provides retailers the ability to send their own branded coupons directly to targeted TWallet consumers. Participating merchants span the verticals of fast food, cinema and supermarkets, and include McDonald’s, Wendy’s, Coffee Bean and Tea Leaf, Baskin Robbins, 7 Eleven, Cinema XXI, GraPARI, Alfamart and Indomaret.

Previously, the mobile money services for the TWallet, which provide consumers with account balance, bill payment, airtime top-up, person-to-person transfers, and transaction history, was a USSD (unstructured supplementary service data) service, disconnected from the wallet. Now, with Mozido’s NFC mobile payments wallet, accountholders are able to use the services seamlessly from their mobile wallet application. Mozido works in partnership with Finnet Indonesia to connect users with Indonesia’s banks nationwide.

“Indonesia’s 255 million people are ready for mobile solutions that enable payments, financial inclusion, and consumer engagement. Mozido is privileged to quickly expand our presence in this important region by powering TWallet for Telkomsel’s 140 million subscribers,” said Michael Liberty, founder of Mozido. “We look forward to working with Telkomsel to bring unprecedented levels of convenience and consumer engagement through mobile payment and marketing services for consumers and merchants.” 

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