Standard Chartered Unveils Digital Banking Service in Indonesia With Bukalapak

trading company buchara pack international banking group standard chartered bank Joined forces to launch a digital banking platform in Indonesia.called Buka Bungan, The service boasts a paperless onboarding process to give you an account in 5 minutes.

BukaTabungan is Bukalapak’s all-commerce platform and Nexusis a Banking-as-a-Service (BaaS) solution provided by Standard Chartered.

Bukalapak, which currently serves 6.8 million online merchants through its marketplace, first announced a strategic partnership with Standard Chartered in January 2021. They unveiled plans to advance their focus on digital banking and launch innovative services to expand financial inclusion to the country’s unbanked population. segment.

Andrew Chia, Cluster CEO for Indonesia and ASEAN markets (Australia, Brunei and Philippines), Standard Chartered said: Especially through the adoption of Banking as a Service his solution, nexus.

We hope that the services provided by Bekatabungan will be accepted by all Indonesians and bring us closer to achieving our shared mission of improving financial inclusion for all Indonesians.

Victor Lesmana Bukalapak’s President of Commerce & Fintech added:

Business owners now also have access to financial services to support their business from reputable financial institutions. We are very excited as this is in line with our mission to support the growth of her MSMEs in Indonesia and continue to expand financial inclusion across the country. We sincerely thank Standard Chartered for their trust and shared passion in this collaboration.

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To open an account on BukaTabungan, automation and security techniques employing artificial intelligence, biometric facial recognition and E-KTP (Indonesia’s Biometric Enabled Identity Program) verification are used.

Until the end of October 2022, BukaTabungan users can enjoy several promotional offers. Up to 7% bonus interest on savings, including direct cashback worth Rp100,000 each Successful account opening, special referral program for Bukalapak users and special Discounts for Bukalapak and Mitra Bukalapak users.