Bank Mandiri Presents Valas Transaction Features Through Digital Apps

Illustration (Photo: Doc. Bank Mandiri)

JAKARTA PT Bank Mandiri Tbk. launched the latest innovation in the form of a transfer feature abroad entitled Transfer Valas through the official Livin application.

Bank Mandiri Information Technology Director Timothy Utama said this new facility allows customers to make financial transactions quickly, cheaply, and easily anywhere and anytime.

"Bank Mandiri's Valas transfer makes it easier for customers to be more comfortable sending funds to foreign valuated accounts with five major USD, GBP, EURO, SGD, and AUD," he said in a release broadcast today, Thursday, February 16.

Timothy explained that the funds sent can be received to the destination account in less than 24 hours and can even be received in just seconds.

"No less than other services, we are able to compete even better than similar applications that provide similar services, while still prioritizing customers' comfort," he said.

Timothy added that recipients do not need to worry that the funds received are not intact, because Bank Mandiri applies a full amount guarantee. It is stated that all admin and shipping costs have been determined at the beginning, with the latest competitive exchange rates.

"We will continue to add other goals. Previously, Livin' by Mandiri was also able to transact using cellphone numbers and foreign simcards for activation and registration from outside Indonesia," he asserted.

To note, throughout 2022 the Bank Mandiri digital application is claimed to have been able to manage more than 2.1 billion transactions with a value of IDR 2,500 trillion.

The number of transactions increased by 60 percent and the growth in transaction value was up to 50 percent when compared to the same period the previous year or year on year (yoy).