British Mobile Money Service Investing in Indonesia Immediately

BKPM (Investment Coordinating Board) again announced the plan to receive investment funds. This time the Head of BKPM Franky Sibarani revealed that there is a British company, which is engaged in the service sector mobile money, which is ready to disburse $5 million (or equivalent to IDR 65 billion).

"The director of the company has met with BKPM representatives in London and said that he would expand his investment in the field of investment mobile money in Indonesia, so that in the next five years, the total investment value will reach around $5 million," said Franky.

The company, which has not been named, reportedly also received a Principle Permit from the BKPM in early 2016 as a wireless telecommunications business with an investment of $1,14 million (Rp 15 billion).

Like the expectations of every investment, in this discourse Franky also hopes for positive prospects for the development of the nation, especially in the IT sector and the growing digital economy. Based on the news Seconds, this opportunity is also sought to be a trigger for further investments from British companies.

If you look at the growing trend, working on the Southeast Asian market, especially Indonesia, is a tantalizing thing in today's digital realm. Franky himself saw its potential and immediately supported the simplified bureaucracy. "Investing in Indonesia is easier because the licensing process is faster," he said.

Investment Promotion Officer at the BKPM London representative office, Nurul Ichwan, also conveyed his role in accompanying the investment interest process from the parties involved, "Currently we provide services endto end services to investors so that we certainly hope that these telecommunications companies can use our services to accelerate the expansion of their investments.”

Last weekBKPM also announced the intentions of a mobile phone assembly company from the United States with a value of $18 million (Rp 240 billion), and an entertainment content provider company from Malaysia with a value of $10 million (Rp 130 billion).

The realm of e-commerce in Indonesia is indeed a magnet for business actors who are hunting for pieces of cake from this market share. It's no wonder that intersecting industries such as mobile device vendors and online payment solutions are also interested in accompanying the national business wheel.