Bank Mandiri's Financial Transactions Skyrocket Thanks To BI Fast's Cheap Transfer Fees

JAKARTA - PT Bank Mandiri Tbk reported that financial transactions made by customers experienced a significant increase after the implementation of BI Fast which made transfer fees cheaper.

Bank Mandiri SVP Transaction Banking Retail Sales, Thomas Wahyudi, said the growth record was clearly visible in the company's digital services Livin by Mandiri.

"By the end of December 2021, our total official channel users have crossed the 10 million mark. Meanwhile, the number of transactions reached more than 1.5 billion with a total value exceeding IDR 1,690 trillion", he said in an official statement, Wednesday, March 9.

According to Thomas, cheap interbank transfer fees are one of the most favorites for customers. He said BI Fast's daily transactions at Bank Mandiri had touched 40 million transactions with a value of more than IDR 61 trillion.

"We estimate that this number will continue to grow in the future", he said.

One of the real efforts made by this state-owned bank is to provide an IDR 0 interbank transfer promo which has started from March 2 to March 9, 2022, for Livin by Mandiri users with a yellow logo.

After the promo period ends, customers can still enjoy interbank transfer services at affordable costs according to the basic provisions, namely IDR 2,500 per transaction with a limit of up to IDR 250 million.

"We hope that this service can continue to increase customer interest in continuing to transact digitally, at a more economical cost than before", concluded Thomas Wahyudi.