JAKARTA - PT Danareksa (Persero) (Danareksa) has officially taken 67% of PT Jalin Payment Nusantara (Jalin) as a subsidiary of PT Telkom Indonesia (Persero) Tbk (Telkom). The signing of the acquisition was carried out by the President Director of Danareksa Arief Budiman and Telkom President Director Ririek Adriansyah in Jakarta (19/06). Since it was founded in 2016, the ownership of the establishment was held in full by Telkom. The main service of the establishment was ATM/EDC Switching, where to provide this service to hold permits as principles and switching institutions of the National Payment Gate (GPN). It is hoped that it can provide efficient financial transaction services to the public, which in turn encourages national economic growth. Arief Budiman, Director of Danareksa said, "Switching activities carried out by Jalin are businesses that support the banking sector in particular, and the financial industry in general. This is in line with the planned holding of banking and financial services, it also contributes to improving the quality of financial services infrastructure. Through the efficiency efforts that have been and will continue to be carried out by the establishment, it is expected to reduce the cost of the bank switching, ATM management, and in the end it can reduce the transaction costs borne by the community. "Meanwhile Telkom`s Managing Director, Ririek Adriansyah said," This collaboration is The form of Telkom synergy with the planned financial SOEs since the beginning was established. Telkom fully supports this corporate action and it is hoped that later the implementation of digital banking or national payment systems will be wider and easier and can accelerate the development of the Indonesian digital economy. "Furthermore Arief Budiman added," By consolidating, Danareksa has one more subsidiary in the financial industry who has a strategic role. This is useful for Danareksa to continue to improve performance and profitability. "PT Danareksa (Persero) is an Indonesian state -owned enterprise engaged in the financial services. The Limited Liability Company, which was founded in 1976, carried out the main activities in the field of capital markets and money markets included, among others as a finance company, intermediaries of securities traders, insurance of securities emissions, as well as investment management and mutual funds. Danareksa also conducts business that is usually carried out by a mandate company (trust funds), such as expenditure securities associated with the portfolio of a company. Telkom Indonesia (Persero) Tbk (Telkom) is a State -Owned Enterprise (BUMN) engaged in the service sector Information and Communication Technology Services (ICT) and telecommunications networks in Indonesia. The majority of Telkom`s shareholders are the government of the Republic of Indonesia at 52.09%, while the remaining 47.91% are controlled by the public. Telkom shares are traded on the Indonesia Stock Exchange (BEI) with the code "TLKM" and the New York Stock Exchange (NYSE) with the "TLK" code. As Digital Telco, Telkom continues to strengthen digital capabilities in terms of service, infrastructure and customer digital experience. In terms of service, Telkom is ongoing to strengthen and develop digital services according to customer needs while increasing business competitiveness. BUMN, Himbara (BRI, Bank Mandiri, BNI, BTN) and Telkom. Although it was originally founded by Telkom, from the beginning the establishment was planned to be consolidated into the financial SOE group, where Telkom was no longer the majority shareholder.