Posted on: 03/04/2025
Transnational Group proudly announces a major equity investment in P.T. Cakrawala Mitra Bersama (CMB), a leading provider of cash management services regulated by Bank Indonesia. This merger marks a significant milestone in the company’s efforts to promote, develop, and grow its SmartCash and other payment solutions in Indonesia.
Established in 2008 by a subsidiary of Yayasan Kesejahteraan Pensiunan Bank Ekspor Impor Indonesia (YKP), P.T. CMB has a proven track record in delivering Cash Replenishment and First-Level Maintenance to ATMs. The company currently manages over 1,500 ATMs and executes more than 3,000 cash-in-transit (CIT) trips monthly across key cities such as Jakarta, Bandung, and Surabaya.
Through this partnership, Transnational will not only expand its operational footprint but also introduce its innovative suite of payment solutions to the Indonesian market. The collaboration aims to enhance the efficiency and reliability of cash management services for one of Indonesia’s largest banks by assets.
Jonathan Liew, Country Supervisor for Indonesia, said: “P.T. CMB has an excellent performance track-record and a capable team to run their operations. Transnational is very happy to be part of P.T. CMB’s growth journey, and we are looking to contribute by expanding and enhancing their current suite of services.”
The agreement between Transnational Group and P.T. CMB was formalized on 25 July 2024. With this new synergy, Transnational envisions unlocking growth opportunities and delivering greater value to the market by extending its innovative solutions to customers in Indonesia.
