JAKARTA - Indonesia’s first public-listed technology company, Bukalapak, and Standard Chartered officially launched BukaTabungan, a digital banking service that leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a Banking-as-a-Service (BaaS) solution powered by Standard Chartered. This follows from an earlier announcement on their strategic partnership to launch innovative offerings in efforts to advance their focus on digital banking, and widen financial inclusion to the country’s underbanked segment.
BukaTabungan, a service within Bukalapak’s platform, will offer banking services that are inclusive, easy, and secure to Bukalapak’s ecosystem of over 110 million users and 20 million business owners, enhanced by a completely digital, non-face-to-face onboarding experience. Using advanced automation and security technologies employing artificial intelligence, biometric facial recognition and E-KTP (Indonesia’s biometrics-enabled ID programme) validation, opening an account on BukaTabungan is truly paperless.
The collaboration between Bukalapak and Standard Chartered is strengthened by the two organisations’ strong commitment to their shared vision of bridging the financial inclusion gap and driving sustainable impact in emerging markets.
President, Commerce & Fintech Bukalapak, Victor Lesmana, said:
“BukaTabungan will be an interesting product because now, everyone in Indonesia within all levels of society will be able to access world-class digital banking services seamlessly and securely. Business owners now also have access to financial services to support their business from a reputable financial institution. We are very excited because this is in line with our mission to support the growth of MSMEs in Indonesia and continue to expand financial inclusion across the country. Our greatest appreciation to Standard Chartered for the trust and shared passion in this collaboration.” (LM)