Trimegah, BCA tie up securities payment

JAKARTA (JP): Publicly listed PT Trimegah Securities signed an agreement on Monday with publicly listed PT Bank Central Asia (BCA), allowing customers to pay share and mutual fund transactions through BCA's automatic teller machines (ATMs).

"(The agreement) will hopefully increase local investor interest in investing in the stock market," Trimegah president Avi Y. Dwipayana said.

The picture above shows Avi (right) handing over documents on the two companies' cooperation to BCA director Aswin Wirjadi at the presence of the chairman of Capital Market Supervisory Agency (Bapepam) Herwidayatmo.

Avi said he hoped at least 5 percent of BCA's eight million customers would become Trimegah's clients.

The next plan for cooperation would be to expand business transactions of both companies through the Internet, Avi said, adding that Trimegah and BCA were currently setting up "e- brokerage and online banking" respectively.

BCA has 800 branches and 2,000 ATMs across Indonesia. (10)