UOB Indonesia collaborates with Cashlez to offer digital payment solutions for SMEs

Jakarta, 28 July 2021 – UOB Indonesia today announced its collaboration with Cashlez, a financial technology company that specialises in payment gateway solutions for merchants and digital players, to provide Indonesia’s first digital payment solution suite to small- and medium-sized enterprises (SMEs).

Under the collaboration, Cashlez’s mobile point of sales and other digital payment features are embedded into UOB BizSmart, an integrated suite of cloud-based solutions designed to help SMEs improve their business operations efficiency. Now with Cashlez’s solution, SMEs can collect payments more easily and deposit funds directly in their UOB accounts. SMEs can also use Cashlez’s dashboard to monitor and to track their sales transactions and to reconcile them with UOB accounts.

Cashlez’s digital payment gateway and features complement UOB BizSmart’s holistic offering of digital solutions spanning accounting, human resource management and payments. The collaboration underscores UOB Indonesia and Cashlez’s common aim to help more SMEs in the country advance their digital transformation.

Paul Kan, Head of Business Banking, UOB Indonesia, said, “Our strategic collaboration with Cashlez strengthens the ecosystem partnership we have forged for the benefit of our SME customers. With Cashlez’s simple and convenient solutions integrated into UOB BizSmart, our SME customers will be able to access effective digital payment collection methods. This enables them to enhance their financial management efficiency and in turn, to increase their competitiveness and to be more agile in growing their business sustainably.”

Suwandi, CEO of Cashlez, said, “We are pleased to partner UOB Indonesia to scale our products and services to a larger number of customers, as we enter new markets and engage new customer segments for sustained growth in the SME sector. Together with UOB Indonesia, we are empowering merchants, stores and online businesses by providing a protected payment gateway that is embedded in UOB BizSmart. Our advanced digital options will improve the customer experience and enable us to widen our merchant base.”

For more information on UOB BizSmart and Cashlez’s products and services, SMEs can access www.uob.co.id/bizsmartcashlez or contact their UOB Indonesia’s relationship manager or Cashlez sales representatives.