Indonesia’s Digital Bank Super Bank Less than two months after its public release, the company announced that it had reached one million users.
62% of the superbank customer base You linked your account to the Grab app The feature has been available since June.
This allows you to open an account, save and make payments directly within the Grab app, without the need for an additional app.
The Superbank offers products such as flexible savings accounts offering interest of up to 7.5% per annum, as well as savings accounts with no administration fees.
These features are aimed at helping customers effectively manage their finances and achieve their financial goals.
Other features such as automated daily savings and financial management tools are also reported to be well received.
Tigor M. Siahan, Managing Director, Superbank said, “We are delighted to be partnering with SMBC Nikko Bank to bring this technology to market.
“We are deeply grateful for the unwavering trust shown by our customers. Thanks to their support, we have been able to reach one million customers in a short space of time. This achievement is just the beginning and serves as a strong foundation for continuing to drive innovation and collaboration within our ecosystem to serve the financial needs of Indonesians and provide them with easy, secure and relevant banking solutions. We look forward to introducing the next wave of product and service innovations.”
July 2024, Super Bank Secured It raised an additional 1.2 trillion Indonesian rupiah (US$73.3 million) in funding from shareholders.
Mtech holds the largest stake in the bank with 34.58%, followed by Grab’s PT Kudo Teknologi Indonesia with 21.29%, SingTel Alpha Investments with 18.93% and KakaoBank with 10%.
Superbank was established as Bank Pharma in 1993. The bank was acquired by Mtech Group in 2021, received further investment from Singtel and Grab in January 2022, and was rebranded in February 2023.
Featured Image Credit: Free Pick
