Expand Digital Ecosystems, Bank Mandiri Cooperation With Startup Qoala, Ayoconnect And ICON+

Illustration (Photo: Doc. Bank Mandiri)

JAKARTA PT Bank Mandiri (Persero) Tbk has just tied up cooperation with startup companies engaged in Qoala's insurance technology in an effort to expand the digital ecosystem.

Bank Mandiri President Director Darmawan Junaidi said this strategy is expected to provide the best service and more value to customers and the community.

"Bank Mandiri continues to be consistent in encouraging increased financial inclusion by taking part in expanding the digital ecosystem in the country," he said in a written statement on Monday, September 26.

According to Darmawan, this consistency is also part of the spirit to welcome Bank Mandiri's 24th Anniversary with the theme Digital and Kinitian.

"In this case, Mandiri Group is also active in seeding start-ups through PT Mandiri Capital Indonesia (MCI) to be directly involved," he said.

On the same occasion, Qoala Co-Founder Tommy Martin stated that this synergy will develop products and services that provide maximum benefits for the Indonesian people.

He explained that the implementation in the field is in the form of implementing insurance products in the Bank Mandiri ecosystem which allows customers to easily obtain insurance products as well as payment channel facilities in the Qoala ecosystem.

This agreement is our breakthrough as an insurtech company in expanding insurance access for various groups in Indonesia. The cooperation between Qoala and Bank Mandiri is expected to improve the welfare of the community," he said.

On this agenda, Bank Mandiri together with Ayoconnect also signed a cooperation agreement with Icon+ which includes billers sharing and payment methods using a Mandiri Virtual Account.

The bank with the stock code BMRI revealed that after this signing it would increase collaboration and synchronize in several product and service developments. It is hoped that the potential of this collaboration will provide added value for the service ecosystems belonging to Qoala, ICON+ and Bank Mandiri.