Multipolar Technology Tbk (MLPT) increases data center business through its subsidiaries, Graha Teknologi Nusantara (GTN). The company is aiming market potential in financial technology (fintech) sector which has rapid growth.
Wahyudi Chandra, President Director of MLPT, said GTN is operating GTN Data Center with an area of 4,000 m2 in Lippo Cikarang, West Java since 2016. GTN currently has 38 consumers with 55 percent contribution from banking sector, 40 percent from telecommunication and commercial, and the rest is from other sectors. The revenue is currently around IDR 1.3 billion per month.
“We are aiming fintech sector because GTN has been certified Payment Card Industry Data Security Standard (PCI DSS) 3.2 thus it can be fintech start-up partner required to be PCI compliant,” said Wahyudi. PCI DSS is a mandatory global standard for institutions dealing with or relating to the process of credit card transactions, debit cards, ATMs, and e-money.
“In the current digital era, transactions with credit cards, debit cards and e-money are getting bigger resulting higher potential threat to transaction security,” said Miko Yanuar, Director of GTN. Therefore, it is necessary to protect the cardholder’s sensitive data in order to avoid the risk of identity theft, card burglary, and potential loss. A few data centers in Indonesia have been certified PCI DSS initiated by five international financial institutions, such as American Express, Visa Inc, MasterCard, Discover Financial Service and JCB International.
“In the next two to three years, GTN and our subsidiary Visionet Data Internasional will contribute 25 to 30 percent recurring income to the company’s total revenue,” said Wahyudi. Currently, the contribution of recurring income from the two subsidiaries reaches 20 percent, mostly from Visionet while the contribution of GTN is still below five percent. In the first half of 2017, the company booked IDR 849.33 billion. GTN is a joint venture between MLPT and Mitsui & Co Ltd, with 65 percent and 35 percent stakes respectively. (*)