State-owned lender Bank Negara Indonesia has allocated Rp1 trillion (US$74.9 million) to Rp1.5 trillion to expand its digital banking, its top executive said on Wednesday.
BNI president director Achmad Baiquni said the firm was focusing on developing digital banking in a bid to increase its financial performance.
The bank plans to develop its BNI UnikQu, BNI Digital Loan and Agen46 BNI products this year.
BNI UnikQu, for instance, is electronic money (e-money) that can be used as an alternative to cash for purchasing items from over 2,000 merchants. The e-money will enable consumers to easily complete transactions using their smartphones.
“BNI is also actively collaborating with fintech companies to meet the needs of customers who want a more mobile, faster and efficient business model,” he said on the sidelines of BNI’s 71st anniversary celebration.
The bank said that it had been collaborating with about 10 fintech companies and was looking to collaborate with more in the future. (bbn, Winny Tang, The Jakarta Post)