SCash Strengthens Its Commitment to Indonesia Through Strategic Partnership with KBI to Support Local Enterprises
Michael Lee Eng Yew, CEO of SCash. TODAYNEWS.ID – SCash, a Singapore-based technology company specialising in New Retail and SuperApp ecosystem development, has entered into a strategic collaborative partnership with PT Kliring Berjangka Indonesia (KBI) to support the revitalisation of sustainable, transparent, and efficient commodity-based businesses across Indonesia, particularly those led by cooperatives and village business actors.
This partnership reflects a shared commitment to strengthening Indonesia’s commodity ecosystem by combining SCash’s technology and ecosystem capabilities with KBI’s role as a state-owned institution responsible for clearing, settlement, and governance within Indonesia’s commodity trading system. Together, both parties aim to support small and medium enterprises, cooperatives, and village-based entrepreneurs in participating more safely and effectively in structured commodity markets, especially within agriculture and community-based sectors.
Micro, small, and medium enterprises account for nearly 99 percent of all business units in Indonesia and include millions of commodity and village business actors who remain constrained by limited access to digital infrastructure, governance systems, and structured markets. Through this collaboration, SCash positions itself as a long-term ecosystem partner, providing technology solutions that help revive and strengthen commodity businesses so they can operate more sustainably, efficiently, and transparently.
The collaboration also aligns with national efforts to strengthen village economies and commodity governance. In this context, the partnership engages with key ecosystem stakeholders, including representatives of village business actors such as Maulidan Akbar, Chairman of the Indonesian Village Business Entrepreneurs Association (APUDSI), which plays a role in representing grassroots economic actors within national development priorities.
“SCash’s commitment goes beyond building technology platforms,” said Michael Lee Eng Yew, CEO of SCash.
“We are focused on enabling real economic participation by working closely with trusted national institutions like KBI and local ecosystem partners. This collaboration is about reviving commodity-based businesses, strengthening governance, and ensuring village and cooperative entrepreneurs are not left behind as Indonesia’s economy continues to evolve.”
Commitment Beyond Transactions
SCash’s role in Indonesia extends beyond digital systems and transactions. The company actively supports social and economic programmes in partnership with leading local organisations to strengthen SMEs and community-based enterprises.
One example is the #EmpowerWomenSentani campaign in Papua, supported by SCash in collaboration with Campaign for Good and Kopernik. The initiative applied a structured and transparent selection process that combined expert assessment with community vetting. Through this approach, shortlisted women entrepreneurs received capacity-building support and on-the-ground training, while grant recipients were selected based on both technical merit and validation from the communities they serve. This ensured local accountability, relevance, and real-world impact.
These initiatives reflect SCash’s broader ecosystem approach, which includes:
● Supporting commodity, cooperative, and village business actors through structured digital systems
● Strengthening governance and transparency within community-based enterprises
● Partnering with state-owned institutions and trusted local organisations to translate innovation into implementation
Building a Sustainable Commodity Ecosystem
In addition, the collaboration involves PT Kliring Perdagangan Berjangka Indonesia (KPBI), a subsidiary of KBI, together with PT Karya Jasa Internasional, the Indonesian Village Business Entrepreneurs Association (APUDSI), and PT Daya Teknologi Nusantara in the development and utilisation of the Warehouse Receipt System (SRG). Through system integration and the support of strategic partners, the warehouse receipt ecosystem is expected to become more accessible and efficient, while increasing the economic value of local commodities.
“This partnership is not a one-off announcement,” Michael Lee added. “It is a foundation for long-term collaboration that supports sustainable commodity businesses and empowers village entrepreneurs to grow with confidence within Indonesia’s formal economy.”
About SCash
SCash is a technology company specialising in New Retail and SuperApp ecosystem development. Through its platforms and partnerships, SCash supports the creation of integrated digital ecosystems that enable businesses, cooperatives, and communities to operate more efficiently and sustainably across Southeast Asia. More information: https:/scashglobal.com/
About PT Kliring Berjangka Indonesia (KBI)
PT Kliring Berjangka Indonesia (KBI) is a state-owned enterprise under the Danareksa Holding Group, serving as Indonesia’s clearing, guarantee, and settlement institution for commodity futures trading, physical commodity markets, and the Warehouse Receipt System (SRG). KBI plays a central role in ensuring transparency, trust, and market integrity within Indonesia’s commodity ecosystem. More information: https:/www.ptkbi.com/
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