Yokke and SB Payment Service Forms Strategic Partnership to Strengthen Position as Indonesia’s Leading Payment Service Provider

• Yokke and SBPS have  agreed to a partnership aimed at strengthening scalability through affiliate  merchant business.
• SBPS aims to make a  full-fledged entry into the global business starting with this partnership.
• The partnership will  broaden Yokke’s offering and further enhance Indonesia’s current payment  service ecosystem as a future vision.

JAKARTA, 2 October  2023 – Yokke announces strategic partnership with  Japan-based SB Payment Service Corp (“SBPS”). SBPS is a leading payment service  provider in Japan that offers payment services to a wide range of payment  businesses, both within and outside the various subsidiaries and affiliated  Companies of SoftBank Corp (“SoftBank”). The partnership will further complement Yokke’s comprehensive payment  solution in Indonesia. 

Seven years since it was first established, Yokke  has exponentially grown, serving over 350,000 merchants and over 20 banks and  financial institutions across Indonesia. Yokke’s mission remains to provide  secure, innovative, and customer-friendly payment solutions that shorten the  distance between having an idea and making a living from it. 

Indonesia is predicted to contribute 42% of digital  payment transactions across SEA by 2025. As reported by Bank of Indonesia, the  digital economic and financial transactions are developing rapidly and driving  economic activity. This is supported by the expansion of the digital economy  and convenience of the digital payment system, coupled with the rapid growth of  digital banking. Yokke and SBPS view this as growth opportunity to further accelerate  with even more innovative, effective, and efficient solution for Indonesian  payment industry.

Partnership with SBPS is driven with the same  passion of making secure, efficient, and effective payment solution available  for everyone across the region. SBPS and Yokke will consider bringing advanced  technology aspects, such as the utilization of artificial intelligence (AI) for  fraud detection, into current Yokke ecosystem. The joint force also aims to  accelerate merchant growth through digitalization in the future.

President Director of  Yokke, Ms. Niniek S. Rahardja believes this  partnership will strengthen and brings more value to the growing payment  industry in Indonesia. Yokke attributed its success and exponential growth to  our strength in both technological and operational arm with wide network  coverage across the archipelago. This collaboration will further accelerate  Yokke’s growth. 

“We are beyond excited with this partnership  because this is joining forces, combining digital payment solution ecosystem  from Yokke with SBPS access to global corporations and advanced expertise and  cutting-edge technology. The aim is to capitalize this partnership to further  expand while also bringing more innovative solution in order to encourage the  development of digital payment solutions in Indonesia. The support from SBPS will  make our business scalability even stronger,” Niniek said.

Mr. Jun Shimba,  Representative Director and CEO of SB Payment Service Corp., shows high expectations that this partnership  will introduce the fast-developing Indonesian market to Japanese companies and  allow them to grow together, as well as the possibility of contributing to  further development with the advanced technology and experience in the future.

"As strategic partners of Yokke, we aspire to  provide Yokke's payment solutions to customers worldwide and support its  business expansion in Indonesia. Yokke offers a wide range of payment methods  and has the capability to provide both online and offline payment solutions,  making it a company capable of meeting the needs of all customers. In the future,  we plan to leverage SBPS’s latest technology and expertise in digital payments  to drive business expansion in collaboration with Yokke.” said Jun Shimba.

SoftBank has a growth strategy called 'Beyond  Japan'. Through this partnership, SBPS aims to provision Indonesian payment  services for Japanese companies and other global companies and, in the future,  create a modern, cashless society by providing user friendly, secure, and  efficient payments.

Yokke and SBPS partnership is in line with  Indonesia’s government mission of National Noncash Movement (Gerakan Nasional  Non Tunai - GNNT) and its aim to create secure, efficient, and always available  payment system and, in turn, facilitate an effective and efficient national  financial system across Indonesia with ultimate goal of creating cashless  society ecosystem. Since it was established, Yokke has been actively  contributing to GNNT movement and accelerate payment system digitalization to  maintain economic recovery momentum post COVID19. 

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<About Yokke>

Established in 2016,  Yokke is a financial technology company with main mission to actively  contribute in the creation of secure and convenient cashless society and  ecosystem across Indonesia. Yokke is the only Indonesia payment solution  provider with comprehensive solution for offline and online channel merchants,  acquiring and issuing banks, and other financial institutions (both  conventional company and fintech startups).

Committed to always  prioritize transaction security, Yokke is the only Indonesia company which  acquired a double international certification on transaction processing: PCI  DSS and PCI PIN. 

In 2019, Yokke was  granted Payment Gateway license from Bank of Indonesia. Yokke is also licensed  processor of international payment networks: VISA, MasterCard, CUP, JCB and the  National Payment Gateway (GPN). 

Yokke rapidly developed its network into 30 branches and 1,200 employees  across Indonesia. As of today, Yokke maintains over 350K EDC and more than  2,000 online merchants (eCommerce). Beyond basic maintenance, Yokke also  ensures its partner merchants are growing together with Yokke’s  ecosystem. 

Innovation and  security are both embedded DNA of Yokke. Starting as pioneer in the development  of most comprehensive acquiring transaction process (end-to-end process), Yokke  diversifies its solutions to respond to the merchant and financial institution  business challenges. Later, YokkeBiz was born and introduced as a comprehensive  solution for merchants to manage and develop their business effectively and  efficiently. Followed by, Yokke Login and Yokke Entry, biometric platform which  provide the ease of recognizing customers with highes level of accuracy. The  latest innovation is Yokke 3P, a solution driven by the specific needs to  modernize ticketing in tourism, traditional market and parking industry. 

Yokke will always  leap forward with latest technology solution in line with our vision to be the  the leading payment service provider in Indonesia.

Yokke more than just  payment! 

For more information,  visit our official website www.yokke.co.id and join our social media:        

Instagram  https://www.instagram.com/yokke.id 

Youtube  https://www.youtube.com/c/YokkeID

Linkedin  https://www.linkedin.com/company/pt-mitra-transaksi-indonesia

<About SBPS>

SBPS is a leading  payment service provider in Japan that offers payment services to a wide range  of e-commerce businesses, both within and outside the various subsidiaries and  affiliated Companies of SoftBank (“the subsidiaries”). (Our payment handling  volume for the fiscal year 2022 was approximately 6.7 trillion yen.)

SBPS leverages its  strength in collaboration with various companies within the subsidiaries in its  business activities. The subsidiaries operate in diverse fields such as  telecommunications, e-commerce, QR code payments, and social media networks,  and they have numerous transaction partners and affiliate merchants. In  addition to SBPS's own business operations, we significantly expand our network  of affiliate merchants by providing a rich variety of payment services  (including credit card, QR code payments, and electronic money, with over 40  different options) to the subsidiaries, catering to various needs.

Furthermore, we aim  to enhance the transaction volume per affiliate merchant by providing services  like AI fraud detection and store operation support services through a  collaboration with "LINE" for newly onboarded affiliate merchants.  SBPS also intends to expand its business internationally in the future by  exploring service offerings beyond Japan.