Indonesia’s Digital Bank Super Bank The service was officially launched grab The super app will enable users and partners to open bank accounts and directly avail Grab services without the need for an additional app.
The integration is reportedly aimed at simplifying financial transactions for Grab’s extensive user base. Deal Street Asia.
Superbank offers 6% annual interest on savings with flexible withdrawal options, 75% discount on GrabFood and GrabBike services, plus exclusive dining discounts for GrabFood users at over 1,000 renowned outlets.
Additionally, the digital bank is also introducing Pinjaman Atur Sendiri (PAS), an unsecured loan product with flexible terms and transparent interest rate and fee information, to selected Grab users.
In April, Superbank launched “Celengan by Superbank”, a savings product that offers 10% annual interest on small everyday deposits.
The product complements the company’s main savings product and another service, “Saku by Superbank,” which allows users to allocate funds across various savings accounts depending on their needs.
Superbank is backed by shareholders including Grab, PT Elang Mahkota Technolo Tbk (Mtech), Singapore Telecommunications (Singtel) and KakaoBank Corp.
Mtech holds the largest share with 34.58%, followed by Grab’s PT Kudo Teknologi Indonesia with 21.29% and Singtel Alpha Investments with 18.93%. Cocoa Bank 10%.
Superbank was founded in 1993 as Bank Pharma and rebranded in February last year after being acquired by Mtech Group in 2021. In January 2022, Singtel and Grab invested further in the lender.
Nenen Goenadi
Grab Indonesia Country Managing Director Neneng Goenadi stressed that Grab and Superbank share a vision of providing access and opportunities to earn an income for everyone, including small and medium-sized enterprises.
The goal is to ensure that all Indonesians, especially the unbanked and underbanked, have access to basic banking services.
Tigor M. Siahan
Superbank president director Tigor M. Siahan highlighted the ease with which users can now open accounts, save and make payments directly through the Grab app.
He noted that the integration will provide a more comprehensive and relevant banking experience, enabling users to more effectively manage their finances.
