MDT Innovations Pens Joint Venture Agreement to Establish Fintech Business in Indonesia.

Petaling Jaya, 18 July 2017 – MDT Innovations and PT Interbanx Global Network has formed a partnership to establish a new joint venture company in Indonesia in a deal worth USD18.5mil. The new entity PT MDT ATM Interkoneksi (MAI) will be focusing on fintech business in Indonesia and will be a majority owned company by MDT Innovations. The establishment of MAI will be MDT’s second venture in Indonesia market having previously succeeded in establishing a sales and marketing office in Jakarta for its IoT solutions.