Deutsche Bank has formed a partnership with Toyota Astra Financial Services (TAF) to install cash deposit machines at latter’s branches in Indonesia.

The cash machines simplify the cash collection process for firms while giving customers a convenient payment method.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

TAF is the auto-financing arm of Toyota Financial Services (TFS) and a joint venture between TFS and Astra International, an independent automotive group in Southeast Asia.

It partners with banks, insurers, and dealerships to offer financing and leasing products to businesses and customers in Indonesia.

Cash deposit machines installed by Deutsche Bank will transmit payment data to TAF, streamline the cash collection process and improve cash flow forecasting.

Deutsche Bank head of corporate cash management for Indonesia Vonty Hermawati said: “Businesses in new and emerging markets are often laden with traditional physical processes. This service is a win-win, enhancing the payment experience for customers while allowing corporates to operate more efficiently through automation and straight-through processing.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

TAF division head of finance Lina said: “Greater convenience for our customers means we can serve them better, retain them, and win new ones. This will then affirm and enhance our standing as the leading Toyota financier in Indonesia, in the four-wheeled market.

“We have enjoyed a long-standing relationship with Deutsche Bank and look forward to working with them more closely as we grow from strength to strength.”