Mandiri, Bulog sign agreement on online transaction services

BanMandiri will provide online transaction services for Bulog to ease its operational work. The State Logistics Agency, Bulog, will focus its efforts on providing sufficient food stocks to the country.

Fransisca Nelwan Mok, Mandiri's director of corporate banking, said that through the online services' host-to-host system, Bulog would obtain transaction information with its 4,500 partners real time through Mandiri's branches, she added.

“We hope that the host-to-host system will make Bulog's operational needs more efficient, especially in the management of rice, which has been the staple food of most Indonesians,” Fransisca said in a statement sent to reporters on Thursday.

Bulog's finance director Iskandar Z. Rangkuti said the online transaction services from Mandiri would ease the agency's work to achieve its main mission to manage prices and distribute food materials especially rice throughout Indonesia.

“With the network support and technology of Bank Mandiri, we hope the cooperation could be the right financial solution to increase Bulog's performance,” Iskandar said.