Pundi X and HARA join forces to bring financial inclusion to rural Indonesia HARA Follow Nov 8, 2018 · 4 min read

Pundi X has teamed up with HARA in a new partnership to promote financial inclusion and bring digital payments to an untapped market of smallholder farmers in rural Indonesia. This is the first time Pundi X has ever endorsed a token sale and the company’s first ever product partnership in Indonesia.

In the partnership, HARA and Pundi X will collaborate to roll out the deployment of thousands of blockchain-based point of sales (“POS”) devices to the HARA ecosystem to facilitate data collection and financial inclusion across developing economies.

“A founding aim of Pundi X was to bring the benefits of blockchain technology and digital payments to the unbanked and to promote financial inclusion and independence. We are proud that the Pundi X POS will soon be rolled out among HARA’s already-impressive network of farming partners and can help facilitate their plans to better such a significant sector of the world economy and the lives of the hundreds of millions of people who depend upon it” — Constantin Papadimitriou, President of Pundi X

XPOS devices will be deployed in the HARA ecosystem

The XPOS system will be integrated into the global network of HARA partner kiosks to help farmers and other stakeholders of the HARA ecosystem redeem farming needs such as seeds, fertilizer, as well as daily necessities like cooking oil, phone credit etc.

Initially, the XPOS devices will de deployed across the Indonesian villages at an approximate density of one device for every 200 farmers in participating areas.

“HARA has dedicated itself to connecting the missing pieces in global agriculture for the benefit of everyone involved in the supply chain. The data we are already collecting from farmers brings benefits to transportation, to consumers, to commercial interests and to governments. The addition of the Pundi X POS to our ecosystem allows us to connect another missing link, which is the processing of digital payments for the large unbanked populations in global agriculture we’re aiming to serve” — Regi Wahyu, the CEO and co-founder of HARA

Constantin Papadimitriou, President of Pundi X, joins HARA

In addition to the partnership, the president of Pundi X, Constantin Papadimitriou, will join HARA as an advisor. Before joining Pundi X, Papadimitriou accumulated over 17 years’ experience as founding CEO of two Indonesian fintech companies.

“Data has enormous potential to improve productivity and alleviate poverty in the agricultural sector, particularly for farmers who haven’t yet been able to realize the potential of their agricultural data. It’s not just farmers themselves who benefit though. As we know a range of interests benefit from fast-growing, multi-billion dollar global market for ‘smart agriculture’ ranging from consumers, to governments, to insurers” — Constantin Papadimitriou, President of Pundi X

As an advisor, Papadimitriou will lend his knowledge of the blockchain ecosystem and market to help ensure HARA’s success can follow that of Pundi X.