Bank Mandiri Prepares IDR 20 Trillion Cash For Eid 2021 Needs

JAKARTA - PT Bank Mandiri Tbk has prepared IDR 20.8 trillion in cash to anticipate the needs of Ramadan and Eid al-Fitr this year. It said that the number jumped 9.4 percent from the previous year at the same momentum.

Bank Mandiri Operations Director Toni EB Subari said the company estimates that the increase in cash needs in the community will occur for 28 days, starting from April 19 to May 16, 2021.

In detail, Toni explained that the cash needs had taken into account the projected increase in ATM cash replenishment by 11.3 percent to Rp.44.5 trillion or Rp1.59 trillion per day in that period.

"With more than 25 million customers, we are very focused on ensuring the availability of funds, especially at ATM machines in order to serve customer needs, especially during the Eid holidays," he said as quoted on the official website, Monday, April 26.

Meanwhile, the peak of cash transactions is expected to occur in the last two weeks leading up to the Eid holiday, which is the period for paying salaries and THR.

"Historically, we estimate that the peak transactions at ATM machines will be in the weekend period of 30 April - 2 May and 7 May - 9 May 2021. To anticipate this condition, we have also implemented a policy of optimizing the limit for 100 percent ATM filling," he said.

Currently, Bank Mandiri claims to have 13,076 Mandiri ATMs connected to more than 40,000 ATM Link networks, ATM Bersama, ATM Prima and Visa / Plus.

Furthermore, Toni revealed that the company also ensures the readiness of the monitoring and security team for ATM machines and contact center services to minimize potential disruptions. In addition, his party continues to socialize the use of digital networks to reduce face-to-face interactions.

"Currently, almost all payment transactions can be done online. Through 1,800 merchants connected to the application, all transaction needs can be done via the customer's smartphone, ”concluded Toni.