Digital distribution company PT M Cash Integrasi (MCI, subsidiary of investment firm Kresna Graha Investama, plans to launch the initial public offering (IPO) this year, targeting to raise Rp200-250 billion fund. Kresna Investama, through PT Kresna Usaha Kreatif, had in mid April acquired 17.6% MCI shares. MCI is first digital kiosk in Indonesia producing many cards, both phisical and e-money (electronic) automatically registered through online. So far MCI has 200 kiosks in many locations. MCI targets to have 1000 kiosks by end this year.
