Danamon and Bareksa Embark on Collaboration to Present Direct Debit up to Rp1 Billion per Day for e-Investment

Press Release / 27 October 2023

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Jakarta, 27 October 2023 – In response to the needs of a productive and financially literate generation, PT Bank Danamon Indonesia Tbk (Danamon) has announced a strategic partnership with Bareksa, a leading online investment platform in Indonesia. Danamon provides easy transactions through one app and develops Wealth Management business.

In the ever-growing digital era, Danamon is committed to supporting customers in taking control of their financial needs and goals through a robust digital ecosystem. Danamon will continue to invest in digital capabilities and collaborate with trusted partners to provide a holistic banking experience that is in line with technological developments.

“The partnership in opening accounts and direct debits for investment purposes on the Bareksa platform is an important step for Danamon in building a wealth management ecosystem. With this feature, customers now do not need to log in and out of the Bareksa app to make mutual fund purchases, for example. "This is Danamon's commitment to becoming a comprehensive financial service provider for its customers," said Ivan Jaya, Consumer Funding & Wealth Business Head, PT Bank Danamon Indonesia Tbk.

For the record, Danamon's direct debit feature provides flexible transaction limits of up to Rp1 billion per day per customer.

"Bareksa greatly appreciates and is happy to welcome the collaboration with Danamon because this collaboration is certainly a form of Danamon's trust in Bareksa. "The launch of this direct debit feature is the first step in strategic collaboration so that it can support investment inclusion in Indonesia," said Karaniya Dharmasaputra, Co-Founder and CEO of Bareksa.

In Danamon's strategy roadmap for 2023, this collaboration is one of Danamon's main focuses in innovating to continue serving its customers. After gaining success in the automotive, real estate and education industries, Danamon is now focusing on Wealth Management. By integrating API-based digital systems (synergy), Danamon and Bareksa can improve services and reach more users without having to build new, time-consuming infrastructure to create efficient investment facilities for customers.

Danamon and Bareksa also focus on providing relevant innovation, increasing personalization, increasing security, and providing added value to customers to create a seamless transaction experience for users.

Danamon also strives to continue to develop as a customer-oriented organization and as "Your Bank of Choice" at every step of a customer's life. The bank will continue to pay attention to economic developments and investment climate and carefully understand the needs of society in various segments. With a commitment to being a one-stop financial solutions provider, Danamon aims to help customers take control of all their daily financial needs and goals.

With an app that makes transactions easy and is supported by the latest technology, customers can expand their financial knowledge while planning their future better. This is an exciting first step in Danamon's journey towards a brighter and more innovative future in the world of digital banking.

"Danamon is committed to developing a digital ecosystem and Wealth Management through the development of various services in synergy with various other service providers, with the target of implementing "Daily Banking with Danamon Ecosystem" in which customers will use Danamon ecosystem services for their daily financial needs," Ivan concluded.  

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