U.S. mobile banking and financial services company Tyfone has signed a 10-year strategic partnership with PT Number One, a secure ID card and card personalization solutions company in Indonesia. With the world's fourth largest population, the country is a burgeoning market for mobile services.

The partnership lets Tyfone bring its entire suite of mobile financial services to the Indonesian market, including its iCashe solution, a mobile banking, payment and security product.

"PT Number One has partnered with Tyfone because of its innovation, superior technology, implementation capability, patent portfolio and most of all, its knowledgeable staff," said Keith Steven Muljadi, PT Number One's managing director.

Muljadi said that not only does Tyfone offer an integrated platform for software and services in banking and payments, but also it provides carrier neutral and device independent contactless NFC innovations, which will be key in enabling the only global standards for in-store mobile payments.

Additionally, the PT Number One-Tyfone partnership will provide a framework for delivering mobile solutions with over-the-air personalization services for secure ID and NFC contactless payments via Tyfone's u4ia mobility platform, Tyfone said.

"This partnership provides an excellent opportunity for Tyfone and PT Number One to help drive the mobile financial services landscape in a market with more than 150 million mobile users," said Prabhakar Tadepalli, Tyfone's president and COO.

Tadapalli said serving Indonesia is an important step in Tyfone's global growth strategy.

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