Subject to local regulatory approvals, the transaction concerns the Point of Sale (PoS) activity of PT Integra and PT Integrasi Service Mandiri (ISM), according the company.
Through this acquisition, the acquirer aims to strengthen its presence in the country, where the group has a direct local presence with Bank Mandiri and has been indirectly dealing with all financial institutions through PT Integra.
The acquired activities cover POS terminal services, such as a mix of terminal sale and rental, field and maintenance services, the company said.
PT Integra has an installed base of nearly 500.000 PoS terminals in Indonesia, which is the largest payment services market in South East Asia.
Ingenico Asia evp Patrice Marre said the deal is a step towards emphasizing the company’s presence in South East Asia and to leverage the large installed terminal base to deploy its hardware offering along with field and maintenance services.
Managing more than 17 million terminals, deployed in more than 125 countries globally, the company offers payment systems to retailers, banks and service providers.
