Dwidaya, Amex tie up

Dwidaya, Amex tie up

JAKARTA (JP): PT Dwidaya Tour & Travel signed a co-branding
agreement with credit card company American Express International
Inc. to provide a foreign exchange service.

Dwidaya's CEO Chris Tjong said under the agreement signed on
Monday, Dwidaya will open booths in all its existing offices,
where it will buy and sell all major currencies and cash
Travelers' Checks.

American Express will transfer its foreign exchange standards
and processing technology to Dwidaya.

"This alliance with American Express will ... enable us to
capture a greater market share of the very sizable foreign
exchange business in Indonesia," he said in the statement.

Dwidaya, established in 1967, has 10 outlets in Jakarta and
five offices in Denpasar, Bali; Semarang, Central Java; Solo,
Central Java; and Yogyakarta.

Dwidaya is also part of 1,700 travel offices in over 130
countries around the world, affiliated with American Express
Travel International.(tnt)