Danamon LEBIH PRO, The Leading Financial Solution for Modern Travelers with International Mobility

Press Release / 08 October 2024

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Jakarta, 8 October 2024 — PT Bank Danamon Indonesia Tbk (Danamon), through Danamon LEBIH PRO, presents itself as a comprehensive financial solution for the public amidst the rising trend of Indonesian travelers making international trips with the need for transactions in multiple foreign currencies. 

According to data released by the Central Statistics Agency (BPS) in February 2024, there was a significant increase in the number of domestic travelers going abroad throughout 2023. The number of trips reached 752 million, a drastic 112.26% increase compared to the previous year, which recorded only 3.54 million trips. Favorite destinations such as Singapore, Japan, and Australia remain the primary choices for Indonesians traveling abroad for leisure or business.

This surge not only demonstrates the public's enthusiasm for exploring the world but also highlights a significant shift in the financial behavior of travelers. To better understand the characteristics and financial needs of these travelers, Danamon collaborated with Jakpat in June 2024 on a study conducted in major cities across Indonesia. This research involved respondents who frequently travel abroad, at least two to three times a year.

The findings revealed that 72% of travelers prefer the end of the year as the ideal time to travel abroad, coinciding with Christmas and New Year celebrations. Additionally, the abundance of public holidays and school vacations serve as other driving factors. This is because travelers often travel with their families, partners, friends, or even alone.

In terms of financial preparation, most travelers allocate a diverse budget ranging from IDR 20 million to over IDR 100 million for their trips. When budgeting, travelers typically save in both Indonesian Rupiah and foreign currencies. Once they arrive at their destination, travelers prefer using debit cards for cashless transactions or withdrawing foreign currency at ATMs abroad. Furthermore, travelers seek fast currency exchange services that can be done anywhere, with competitive exchange rates.

Ivan Jaya, Consumer Funding & Wealth Business Head PT Bank Danamon Indonesia Tbk, stated, "Driven by our understanding of the trends and habits of Indonesian travelers and those with high international mobility, Danamon introduces Danamon LEBIH PRO, which offers #BanyakLebihnya (#MoreBenefits). This product is part of Danamon's commitment to continuously innovate in providing comprehensive and relevant financial solutions to meet customers' needs. This is aligned with Danamon's ongoing transformation as part of One Financial Group together with its group companies and strategic partners, aiming to be a trusted financial partner that prioritizes customer satisfaction," he said.

One of the standout features of Danamon LEBIH PRO is the ability to store nine foreign currencies in a single account: IDR, USD, SGD, CNY, JPY, AUD, EUR, GBP, and NZD, all with competitive exchange rates. Danamon will even compensate up to five times the difference if customers find a better rate elsewhere. Customers can also take advantage of the FX Live Rate feature on D-Bank PRO, which is updated in real-time. These features address travelers' needs to save in both Rupiah and foreign currencies when allocating travel budgets, as well as quickly exchanging Rupiah for the destination currency with excellent rates.

Additionally, with the Auto Switching Currency feature, the Danamon LEBIH PRO debit card automatically adjusts to the local currency when making transactions abroad. For example, when transacting in Singapore, the balance in SGD will automatically be deducted without any additional fees, so customers don't need to worry about high conversion fees. Moreover, customers can enjoy cost-saving cash withdrawals at overseas ATMs within the Mastercard/Cirrus/Maestro network without any currency conversion fees. This feature meets the needs of travelers for a debit card that can be used directly for cashless transactions or withdrawing foreign currency at ATMs abroad.

Not only can various facilities and promotions be enjoyed abroad, but Danamon LEBIH PRO also offers multiple benefits domestically. Customers can enjoy 5% cashback for every transaction made both domestically and internationally using the Danamon LEBIH PRO debit card as long as they maintain a monthly average balance of IDR 5 million. Customers can also benefit from free cash withdrawals at any ATM in Indonesia up to 99 times per month and free BI-FAST transfers up to 99 times per month. These facilities provide customers with the freedom to manage their finances more flexibly without worrying about additional fees. With the presence of Danamon LEBIH PRO, Danamon aims to continue being a banking partner that supports every step of customers' journeys, whether at home or abroad.

For more information about Danamon LEBIH PRO, visit bdi.co.id/dlpro.

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