Danamon Presents Financial Solutions to Boost Customers' Holiday Experience Abroad

Press Release / 26 July 2024

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Jakarta, 26 July 2024 – PT Bank Danamon Indonesia Tbk (Danamon) is back with Danamon Financial Friday (DFF) 2024 miniseries entitled “Jalan-jalan ke Luar Negeri, Transaksi Tanpa Worry (Worry-free Transaction When Traveling Abroad)”.  In this episode, Danamon gives tips and tricks for customers who want to travel abroad for vacation without any barriers through various Danamon financial products offered.

Data from Statistics Indonesia (BPS) shows that the number of trips made by domestic tourists in 2023 reached 7.52 million trips, rising by 112.26% compared to that of the previous year. Favorite destination countries include Singapore, Japan, China, and Australia. In 2024, the number of domestics tourists traveling abroad reached 2,942,241 in the first four months of this year, rising by 19.78% compared to that in the same period last year of 2,456,318 trips.

"As the number of domestic tourists traveling abroad increases, Danamon understands that customers need financial products to support their travels. To that end, Danamon offers various financial products that make it easier for them to organize their travels before, during, and after traveling, from travel insurance to foreign exchange with competitive rates for a hassle-free and safe vacation," said Consumer Funding & Wealth Business Head of PT Bank Danamon Indonesia Tbk Ivan Jaya.

According to Indonesian Ministry of Tourism and Creative Economy, Indonesian tourists are now digital savvy in planning their vacations, be it when looking for travel references and making hotel or lodging reservations. Data from the survey conducted by GoodStats shows that the reasons for traveling among Indonesian tourists vary. At least 38% consider that they travel because the destination countries have interesting tourist attractions, while 35% say they want to seek charming natural beauty. In the meantime, 29% say they travel because of easy access to reach the destination country, 21% say they travel because of unique cultural traditions, and 13% say they travel because of the diversity of delicious cuisine. This shows that Indonesian tourists are willing to dig into their pockets to enjoy an unforgettable experience while traveling.

"As a customer centric bank, we are aware of the importance of giving the right and tailor-made financial solutions to answer every customer's needs. Therefore, Danamon presents various products and services including credit cards whose features and benefits are tailored to financial needs but also support customers' lifestyle needs. One of them is the needs of customers before, during, and after traveling abroad to boost the customers’ vacation experience, while maintaining their financial management," said Consumer Lending Business Head, PT Bank Danamon Indonesia Tbk Enriko Sutarto.

Using a credit card while traveling gives several advantages, especially with the rapid development of digital payment technology these days. Credit cards are generally safer than carrying large amounts of cash and are convenient to use for transactions because they are supported by contactless features. In addition, if a customer loses or experiences theft of a credit card, it can be blocked quickly without worry about losing money because it is not debited immediately. Using a credit card also makes it easier for customers to track expenses as there are automatic transaction records that have been categorized such as food, transportation, and others, and can be easily accessed on the mobile banking application. Some credit cards also offer additional benefits such as access to airport lounges and reward points that can be exchanged for miles for planning the next vacation or for other gifts.

The product in question is Danamon JCB Precious Credit Card, which focuses its features and benefits on lifestyle and travel, in line with the tagline, "Bebas dari Rutinitas (Free from Routines)". The Danamon JCB Precious Credit Card offers a welcome offer in the form of a travel e-voucher of Rp2 million. Customers who use this card for transactions will get up to 4x D-Point for every transaction of Rp2,500. Customers will also get a bonus of 16,000 D-Points every month that can be exchanged for miles, making Danamon JCB Precious Credit Card the right solution to maximize their travel with rewards.

Meanwhile, for convenient transaction needs in the destination countries, Danamon Lebih PRO savings offers a variety of features give more benefits #BanyakLebihnya. As a product that eyes travelers as one of its target audiences, this savings with 9 currencies can be used by customers to make transfers in IDR, USD, AUD, SGD, EUR, CNY, GBP, JPY, NZD in just 1 savings, with competitive exchange rates through the D-Bank PRO app. Customers can also shop more freely with the Danamon Lebih PRO Debit Card without conversion fees and is equipped with a contactless feature. In addition, there is a cashback of 5% up to Rp300.000 for shopping transactions using Danamon Lebih PRO Debit Card abroad so customers can enjoy their vacation in the destination countries to the fullest.

Apart from financial transactions, Danamon also understands the importance of protection while traveling. According to a report from an IT company focused on travel SITA, around 24.8 million passenger luggage was lost or delayed in 2018. Travel insurance can provide compensation for lost or delayed luggage. To avoid financial burden and stress for travelers, customers can purchase Zurich Travel Insurance through D-Bank PRO that provides various protection guarantees, including for Personal Accident up to IDR1,500,000,000; Medical and other Emergency Costs up to IDR2,500,000,000; Trip Cancellation and Changes up to IDR65,000,000; Travel Costs and Travel-Related Costs up to IDR45,000,000; Baggage and Personal Items Protection up to IDR30,000,000; and Repatriation Costs and other related costs according to actual costs.

The various conveniences and benefits offered by Danamon do not stop after the travel is over. Upon returning home, customers can enjoy various promos and benefits to extend their holiday feels, starting from a 5% discount promo for shopping at Papaya Supermarket and saving up to Rp200,000 at Sushi Tei Group restaurants with the Danamon JCB Precious Credit Card, as well as a cashback promo for customers who make transactions at gas stations and supermarkets or minimarkets with the Danamon JCB Precious Credit Card and the Danamon Lebih PRO Debit Card. There is also a free cash withdrawal and transfer feature up to 99 times through BI FAST to meet daily transaction needs with Danamon Lebih PRO Debit Card.

To watch this episode of the DFF, please visit bdi.co.id/dff170.

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