Bank Mandiri Steps On QRIS And BI-Fast Transaction Gas

Photo: Doc. Bank Mandiri

JAKARTA - Bank Mandiri has actively continued to accelerate non-cash payment transactions to complement public digital services and customers. One of them is through accelerating and optimizing the use of the QR Code Indonesian Standard (QRIS) and BI-Fast as a transaction feature that is now most enjoyed by the public.

This utilization is also part of Bank Mandiri's commitment to encourage non-cash transactions as well as support an increase in financial inclusion in the country. Through digital transformation that is in line with the spirit of Bank Mandiri's 25th Anniversary which carries the theme 'Towards the Future', the company hopes to continue to provide the best transaction solutions to customers.

Bank Mandiri Information Technology Director Timothy Utama said, with the digital QRIS and BI-Fast solutions in the Livin' by Mandiri application, this has directly provided convenience and practicality for customers. These two features have become the main choices of customers in making transactions, both payments and interbank transfers. Therefore, Bank Mandiri ensures that it continues to maintain the growth and reliability of services so that it can become the main financial partner of the customer's choice, "explained Timothy's nickname in her statement, Thursday 5 October.

As a result, until the end of August 2023 the total nominal of BI-Fast transactions at Bank Mandiri has almost reached IDR 1,500 trillion. This value grew 167% compared to the same period the previous year or year on year (YoY).

Meanwhile, the number of BI-FAST transactions at Bank Mandiri until the end of August 2023 has penetrated 500 million transactions, with growth reaching 190% YoY. No less, Bank Mandiri's QRIS transaction rate continues to grow significantly in line with the trend of people's spending which has shifted to non-cash transactions.

As of August 2023, the nominal QRIS transactions have grown 515% YoY by 6 times compared to the previous year period.

Furthermore, the bank codenamed BMRI said, in addition to increasing transactions of QRIS and BI-Fast, Bank Mandiri also actively made various efforts to encourage digital financial inclusion in Indonesia. One of them is through the provision of various digital products and services that are easily accessible, education and socialization to the public through the use of non-cash transactions, as well as collaborating with various parties to expand the digital ecosystem.

"We hope that the initiatives carried out by Bank Mandiri can be welcomed by the community and have a positive impact on increasing financial inclusion in Indonesia," concluded the Team.