Bank Danamon announces partnership with Carsome

05 March 2020 08:28

JAKARTA - PT Bank Danamon Indonesia Tbk (BDMN) and PT Car Some Indonesia (Carsome), one of the leading car buying and selling platforms, formed a partnership where Bank Danamon was appointed as Cash Management Bank for Carsome in Indonesia.

Through this partnership, Bank Danamon provides various Cash Management services such as operating account services, payment, cash pick-up and Payroll for Carsome. This partnership allows Carsome to access various Bank Danamon products and services to manage transactions and banking needs effectively and efficiently.

"Bank Danamon’s main goal is to support the development of our partner business, and we are very enthusiastic to work with one of the leading car buying and selling platforms in Southeast Asia. This partnership is the result of collaboration with our controlling shareholder, MUFG, who has a working relationship with Carsome at the regional level. We are very excited to be able to support the growth of Carsome's business in Indonesia through our complete range of banking solutions,” said Michellina Triwardhany, Vice President Director of Bank Danamon.

For information, Carsome is the largest used car trading platform in the Southeast Asia region, connecting individual car sellers with dealers. With operational coverage in Malaysia, Indonesia and Thailand, the Carsome platform manages transactions of more than 40,000 cars with a value of more than US $ 300 million per year through its platform. (LM)

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