150 million customers of Bank Rakyat in Indonesia will be empowered to make real-time cross-border payments in built-up cities or remote locations, in a partnership struck up with leading payments infrastructure company, Nium.
The partnership offers a variety of real-time payment mechanisms, supporting cross-border bank account destinations and the global use of electronic cards and digital wallets. The financial products are aligned with a customer focus on where all banked customers are making payments.
Agustya Hendy Bernadi, BRI’s Corporate Secretary, emphasised their motivation to deliver customer convenience for cross-border payments and expand digital payment assets like digital wallets and electronic cards.
“This collaboration reflects BRI’s continuous efforts to enhance productivity and efficiency by expanding its digital payment channel network to meet the growing demand for global transactions,” he said
Nium aligns with the BRI’s vision of being the most inclusive and valuable bank in Southeast Asia by 2025. “With Nium’s global transaction network, BRI strengthens the digitalisation of its business processes and enhances retail banking capabilities in line with our 2025 strategic vision.”
With an extensive presence across Indonesia’s 17,000 islands, BRI is creating one of the most highly-banked countries in Southeast Asia. “By integrating Nium’s advanced technology into BRI’s platform, we are dedicated to providing BRI’s customers, no matter where they are, with access to exceptional financial services”, minimising frauds associated with cash handling.
Cross-border payments are projected to grow significantly in Indonesia, with a forecasted year-on-year increase of 15% through 2025.
This partnership between BRI and Nium is expected to transform the way Indonesians engage with global financial services.
