MICROCAPITAL BRIEF: Indonesia’s PT Veritra Sentosa Internasional (Treni) Launches Mobile Money App Paytren eMoney

PT Veritra Sentosa Internasional (Treni), an Indonesia-based digital financial service provider, recently debuted Paytren eMoney, a mobile application that allows users to pay bills, purchase travel, transfer money, and access the deposit and microinsurance services of multiple banks. Rudiantara, the country’s Minister of Communications and Informatics, who goes by only one name, said that the service compliments the fact that “there are at least 230 million Indonesians having at least one mobile phone, thereby paving the path for us to improve the country’s financial inclusion.”

Formed in 2013, Treni uses the brand name Paytren to market financial services that can be performed via mobile phones. As of January 2018, Treni has 1.7 million active users. Financial data for the firm are unavailable.

By Nicholas Galimberti, Research Associate

Sources and Additional Resources

Open Gov article
https://www.opengovasia.com/articles/indonesias-paytren-emoney-to-increase-financial-inclusion-by-providing-mobile-financial-access

Paytren services
https://www.paytren.co.id

Paytren background
https://translate.google.com/translate?hl=en&sl=id&u=https://old.treni.co.id/sejarah-perusahaan/&prev=search

Media OutReach article; “PayTren to Implement Alcatel-Lucent Rainbow Platform”, January 9, 2018
http://www.media-outreach.com/release.php/View/4613/PayTren-to-Implement-Alcatel-Lucent-Rainbow-Platform.html

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/ .