Jakarta - SPIN, Smart Payment Indonesia, E-Money, E-Wallet and Digital Remittance Platform Platforms Staged by MNC Group, Have Signed a Memorandum of Understanding with TrueMoney, PT Witami Cash Mandiri Domestic Money Transfer Service Provider.

With the signing of this memorandum of understanding, the money sent through the SPIN application can be collected in cash through all Truemoney remittance partners, including Alfamart and Alfamidi throughout Indonesia. This synergy was signed by SPIN Managing Director Jessica Tanoesoedibjo and TrueMoney Indonesia Director, Donny Erfan in Jakarta, Wednesday (4/15/2020).

With this partnership, SPIN and TrueMoney can accelerate market penetration and provide added value to users, which ultimately are believed to strengthen both companies.

"This cooperation is expected to provide more convenience for SPIN users. With Truemoney's network of partners spread throughout Indonesia, SPIN users can send money to relatives in the village, or anyone else, and exchange it for banknotes even though they don't have a bank account, "Jessica said in a statement received in Jakarta, Sunday (4/19/4) 2020).