Presenting International Transaction Solutions, Bank Mandiri Introduces Livin' Reliability In London

Photo: Doc. Bank Mandiri

JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) continues to affirm its ongoing commitment to supporting financial inclusion in the community. As part of this effort, Bank Mandiri is now introducing cross-border services in the Livin' by Mandiri application which provides a variety of ease of financial transactions and can be easily accessed in 119 countries.

In the Student Gelora seminar (GEMA) held by Mata Garuda UK and Ireland (MGBI), the community of scholarship recipients and alumni of the Indonesian Education Fund Guarantee Institute (LPDP) in the United Kingdom and Ireland, Bank Mandiri introduced a feature entitled Livin' Around The World (LATW). Through this feature, all Indonesian Citizens (WNI) can practically open a direct account through Livin' by Mandiri.

Bank Mandiri Director of Institutional Relations Rohan Hafas explained, this service also allows Indonesian citizens in foreign countries, especially the United Kingdom to enjoy all services at Livin' by Mandiri such as Multicurrency Account, Mandiri Debit Multicurrency, Cross-border Transfer or Valas Transfer, QR Payment Cross Border, Livin' Investment, Livin' Tap to Pay and dozens of other reliable features.

Not only for financial needs, Livin' by Mandiri can also serve customers' investment needs such as plans savings features, deposits to the purchase of Mutual Funds and Retail Securities (SBR) in Livin'. Including the fulfillment of other lifestyle needs such as purchasing airplane tickets from and abroad, even the need for loans in the country through the Livin' Sukha feature, "Said Rohan when introducing Livin' by Mandiri in Seminar GEMA with hundreds of alumni and scholarship students LPDP, London, Monday 6 May.

Bank Mandiri continued Rohan, realizing the importance of access to financial services that are inclusive, especially for students who are studying abroad. This effort is also a manifestation of the company's implementation in implementing environmental, social and environmental principles or environmental, social and governance (ESG), especially in terms of providing financial access to the community, including those that are not served or underserved.

"With the cross-border financial solution in Livin' by Mandiri, we hope to make it easier for students and alumni who study abroad in managing their finances with various solutions to the need for financial and non-financial transactions," he said.

For information, Livin' by Mandiri has now been able to manage 846 million transactions in the first quarter of 2024, an increase of 41.7 percent year on year (YoY) with the number of users reaching 24.4 million, up 40 percent YoY.

Meanwhile, the value of Livin' by Mandiri transactions in the first quarter of 2024 has reached Rp921 trillion which also grew by 27.4 percent when compared to the same period as last year. Of these, there are 10 Livin' features that are most widely utilized by users in foreign countries, including Transfer, Payment, Independent Opening Plan Savings, Investment, Transfer Valas, Deposito, Top Up, Installment, Sukha and QR.

Bank Mandiri also has a Multicurrency Savings feature where customers can open savings for 10 foreign currencies. Since its market in August 2023 to the first quarter of 2024, the total account of Multicurrency Savings which was opened through Livin' by Mandiri has reached around 30 thousand accounts with a total balance of around Rp950 billion.

To complement the multicurrency ecosystem and be more pampering for customers, Bank Mandiri also presents the latest feature, namely Mandiri Debit Multicurrency to complete a series of existing foreign exchange solutions, namely Foreign Transfer in Livin' by Mandiri. Customers can make transactions using debit cards around the world and transactions without being hit by exchange rates from their Multicurrency Savings.

Through Mandiri Debit Multicurrency, the need for international transactions becomes easier. This is also a form of Bank Mandiri's commitment to present financial solutions to the people of Indonesia," said Rohan.

Meanwhile, Valas Transfer transactions in Livin' for remittances abroad since its launch in February 2023, the number of transactions has reached more than 100 thousand transactions with a value of more than 100 million US dollars or equivalent to Rp1.6 trillion. Through Foreign Valas Transfers in Livin, customers can send money to 28 countries with 9 currencies, quickly, easily, Cheaply and Safely using Rupiah and Foreign Valuta source accounts.