Smartag International, Inc. announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an Indonesian financial technology (FinTech) company. Smartag will own 51% equity and PTSMS will own 49%. This follows an earlier signed on Oct. 12, 2017 between PTSMS and PT Rijan Dinamis Selaras, representing Pondok Pesantren Riyadhul Jannah Pacer Mojokerjo in Central Java, founder of Consultative Assembly of Indonesian Boarding Schools which has a network of 28,000 boarding schools to undertake a FinTech project.
