Supporting Artajasa to Strengthen Digital Transaction Services in Indonesia, Lintasarta and PPA Agree to Undertake a Strategic Partnership

7 Oct 2022 | Siti Aidah Fitri

South Tangerang, 7 October 2022 – Anticipating the increase in digital transaction trends across the globe and in Indonesia, PT Aplikanusa Lintasarta (Lintasarta), a company engaged in the field of Informations and Communication Technology (ICT) Total Solutions, which is a subsidiary of PT Indosat Tbk (Indosat Ooredoo Hutchison/IOH), is engaging into a strategic partnership with PT Perusahaan Pengelola Aset (PPA). This was marked by the signing of a conditional share sale and purchase agreement between Lintasarta and PPA for the purchase of shares of PT Arta Integrasi Teknologi (ARINT), a subsidiary of Lintasarta.

Today’s signing was conducted by The President Director of Lintasarta, Arya Damar, and the President Director of PPA, Yadi Jaya Ruchandi, and witnessed by the President Director and CEO of Indosat Ooredoo Hutchison, Vikram Sinha, and the President Director of Artajasa, Moch. Maruf, in Grha Artajasa. This strategic transaction will enhance synergy between IOH, Lintasarta, and PPA to strengthen Artajasa’s role in Indonesia’s digital ecosystem.

In the future, Artajasa will strengthen its services, expand its business scope, to increase customer trust by providing convenience in digital transactions. In addition, this agreement helps in complying with applicable regulations in Indonesia.

President Director of Artajasa, Moch. Maruf, said, “Today we started a historic journey in Artajasa, because this transaction will allow us to innovate in providing new payment solutions and introducing new products in Indonesia’s digital economy.”

On the same occasion, President Director of Lintasarta, Arya Damar, said, “This strategic transaction and cooperation allows Artajasa to provide best-in-class solutions to its customers. In addition, this effort is a form of our compliance with regulations related to the domestic payment system industry, which will ultimately improve customer experience.”

President Director and CEO of Indosat Ooredoo Hutchison, Vikram Sinha, added, “We believe this collaboration is a great opportunity together to accelerate the growth of Indonesia’s digital economy by creating synergies between the IOH, Lintasarta, Artajasa, and PPA ecosystems. This is also aligned with the Gotong Royong (collaboration) spirit that carried out by IOH in realizing our mission to deliver world-class digital experiences, connecting and empowering every Indonesian.”

Further, President Director of PPA, Yadi Jaya Ruchandi, said, “This transaction is our commitment in optimizing minority share ownership in Indosat Ooredoo Hutchison as mandated by the Ministry of SOEs to PPA, as well as creating synergy opportunities in the Holding Danareksa ecosystem. We believe that the strategic cooperation between PPA and IOH, Lintasarta, and Artajasa through ARINT will create many new opportunities in Indonesia’s digital payment ecosystem and can provide an exceptional customer experience for the people of Indonesia.”