Maestro eyes larger market

Fri, 17 Dec 1999, 00:00 WIB | Source: JP

JAKARTA (JP): MasterCard International predicts its Maestro
debit cardholders in Indonesia to increase from eight million
this year to 11 million next year, Jeff Portelli, the company's
vice president for product delivery in Asia Pacific, said on
Thursday.

Portelli told reporters that his company expected 1999's
transaction value using Maestro debit cards to surge sevenfold
from last year's US$1 billion.

Portelli said according to a survey conducted by the company
in October, Indonesia was a potential market for its ATM debit
card with a personal identification number because it offered
security, global purchasing and cash withdrawal convenience with
Internet services.(06)

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