Euronet Worldwide and Satelindo Enable Prepaid Airtime Payments From Mobile Phones in Indonesia

The agreement was signed by Euronet Sigma Nusantara, a joint venture company between Euronet Worldwide and PT Sigma Cipta Caraka. With Euronets Mobile Recharge solution, Satelindo will offer added convenience to its Mentari mobile phone customers. With simple SMS commands, customers can top up airtime on their prepaid mobile phones -- any time, any place. After authorizing and processing the transactions, the customers bank accounts will be debited for the purchase amount with no additional transaction fee. The customers mobile phones will then receive an SMS message from Satelindo confirming that their prepaid accounts have been credited. This new service eliminates the need to purchase prepaid scratch-off cards. Satelindo is the first Indonesian mobile operator to offer the ability to increase mobile phone minutes directly from the handset. Satelindo, Indonesias second-largest mobile phone operator, has more than 1.7 million customers, and approximately 80% of them use prepaid services. Euronet Worldwide offers mobile operator solutions that enable airtime to be added to consumers prepaid accounts from ATMs, point-of-sales devices, the Internet and directly from the mobile phone. The company provides its recharge solutions to eight GSM mobile operators in Poland, Hungary, the Czech Republic, Croatia and Norway. Euronet Worldwide provides products, services and a transaction-processing network in Indonesia through PT Euronet Sigma Nusantara, a joint venture company with PT Sigma Cipta Caraka, an Indonesian banking information technology firm and the local distributor of the Euronet brand software. The joint venture company also markets its ATM outsourcing services to Indonesian banks and local subsidiaries of multinational banks, with the intention of providing ATM monitoring and other network services in addition to transaction switching.