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Aims reach out to PBNU’s 93 million members  Applying for SIM card operator and e-money (e-wallet) licenses     XOX Media Sdn Bhd, the wholly-owned subsidiary of XOX Bhd, Perkumpulan Nahdlatul Ulama (PBNU), EH Integrated Systems Sdn Bhd and PT Nusantara Digital Telekomunikasi have entered into a joint venture agreement. The new company known as PT Nusantara Mobile Telecommunication will focus on telecommunications and telecommunication services, mobile application

services (Voopee) and e-wallet services in Indonesia. In November 2017, XOX Media Sdn Bhd and Nahdlatul Ulama (NU) jointly launched NU Mobile in Jakarta. The NU Mobile application was developed on XOX’s proprietary Voopee SIM-less mobile solution. NU is the largest independent Islamic organisation in the world, and is also a charitable body, funding schools and hospitals as well as organising communities to help alleviate poverty. NU has

approximately 93 million members in Indonesia. XOX Media will take up a 40% stake in PT Nusantara Mobile Telecommunication, while Perkumpulan Nahdlatul Ulama holds a 20% stake, EH Integrated Systems Sdn Bhd 15% and PT Nusantara Digital Telekomunikasi 25%. PT Nusantara Mobile Telecommunication is also in the process of applying for SIM card operator and e-money (e-wallet) licenses in order to operate in the Indonesian market.   XOX Bhd

group managing director Eddie Chai said that the four parties decided to form a joint venture company as there is huge potential in the digital economy of Indonesia. “XOX Media is believed to be among the first Malaysian companies to provide its proprietary e-wallet solution to a market as large, and geographically distributed as Indonesia. With a population of 261 million, Indonesia is the 4th most populous country