Danamon and Flip Partnership Ups Interbank Transfer Flexibility

Press Release / 27 September 2021

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Jakarta, August 2021 - PT Bank Danamon Indonesia Tbk ("Danamon") formally entered into a partnership with PT Fliptech Lentera Inspirasi Pertiwi (Flip), thus joining other top banks which have availed of its interbank money transfer services. 

“Danamon prioritizes partnerships with the country’s digital business players to improve digital banking services and expand service access for customers. Through this partnership, Danamon customers can make transactions quickly, safely and conveniently through the Flip application. We hope this digital collaboration signals the start of a highly productive and lasting partnership,” said Danamon TB Digital & Customer Experience Head. Firdody Fairahmad.

As a pioneer in interbank transfer services, Flip has served and facilitated millions of user transactions since its establishment in 2015. Flip’s secure and reliable services, which are licensed by Bank Indonesia, covers more than five million users with monthly transactions reaching trillions of rupiah.

“Convenient interbank transfers, which are free of administration charges, would not be possible without the cooperation of Indonesia’s major banks, including Danamon. As a buku-4 category, Danamon is one of our users’ most sought-after banks. We hope that this latest Danamon and Flip partnership will make it easier for Indonesians to make transactions, especially those involving inter-bank transfers,” explained Flip Product Manager Lead Riza Herzego,.

Both companies committed to continue further exploring other areas of collaboration to expand customer base and digital-based sharia product services.