Bank International Indonesia has set up an online payment gateway and cash management system for AirAsia Indonesia. This will take place through a service called BII CoOLPAY (Cooperate On Line Payment), BII will facilitate payment processing for AirAsia Indonesia.
As a result of the partnership, AirAsia will be able to take payments from ticket purchases in real time as well as receiving a detailed online report. “Through BII CoOLPAY, AirAsia’s travel bureaus can make ticket payments without coming to the bank. BII CoOLPAY will make the payment process between BII, AirAsia and the travel bureau faster and efficient,” said Dato’ Khairussaleh Ramli, the president director of Bank Internasional Indonesia
Dharmadi, the president director of AirAsia Indonesia, said, “We are glad that BII understood the business needs of AirAsia. … We are sure this facility can help grow AirAsia’s business.”
Marca Wosoba, Head of International Development at World First, looks at the changes and disruptions in the financial sector, and identifies the importance of strategic partnerships.
Ford Motor Co and Amazon have announced a collaboration that will see Amazon’s Alexa integrated into Ford vehicles as a voice-activated digital assistant.
The government has confirmed that the £1 coin will be replaced for the first time in 30 years. The new coin is said to be the "most secure" coin due to a number of new features that will make it much more difficult to counterfeit.
Judges have picked Clever as the overall winner of the Money 20/20 Hackathon 2016 taking place in Las Vegas.