News

Staff Reporter

, Indonesia

Published:

11 months ago

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Photo courtesy of Eduardo Soares (Unsplash).

Deutsche Bank installs deposit machines at Toyota financing branches in Indonesia

The machines will transmit real-time data to the company.

Deutsche Bank is installing cash deposit machines at multi-purpose car-financing company PT Toyota Astra Financial Services (TAF) branches across Indonesia.

TAF is a joint venture between Toyota Financial Services( TFS) and automotive group Astra International.

The cash deposit machines will reportedly transmit real-time payment data to TAF, streamlining the highly manual collection process and improving cash flow forecasting, according to a joint announcement.

“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,” said Vonty Hermawati, head of Corporate Cash Management for Indonesia at Deutsche Bank.

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