The Sales Volume Of Bank Mandiri Valas Transactions Skyrocketed 196.5 Percent

Rupiah and US Dollars (Photo: Antara)

JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) recorded that the sales volume of foreign exchange transactions (varlas) in Livin' by Mandiri until the end of the second quarter of 2024 increased by 196.5 percent year on year (YoY), with an increasingly positive trend.

The daily average sales volume from foreign exchange transfer in the second quarter of 2024 reached IDR 8.3 billion, an increase of 11 percent from the daily average sales volume in the first quarter of 2024 which amounted to IDR 7.5 billion.

Varlas transactions through Livin' by Mandiri have continued to increase since its launch in the first quarter of 2023. Bank Mandiri President Director Darmawan Junaidi said the "varass transaction" feature supports sending money without restrictions on operating hours in 10 foreign currencies for foreign exchange transfers and 12 foreign currencies for transfers from fellow Mandiri.

"Customers who want to transfer money abroad and between Bank Mandiri can quickly take advantage of the 'varlas transfer' feature in Livin' by Mandiri. Without the cost of converting the exchange rate and money will be received in full in real-time," Darmawan said quoting Antara.

The ease of transactions abroad is further strengthened by the tap to pay feature. Customers can use Mandiri Debit Visa with a source of funds from multicurrency savings to make payments by simply tapping from an Android smartphone to a payment machine.

For multicurrency savings, Bank Mandiri provides various foreign currencies including USD, SGD, JPY, EUR, CHF, GBP, AUD, HKD, MYR, THB, SAR, CNY, and other values that will be added according to customer needs.

All transaction services related to this class, ranging from multicurrency savings, foreign transfer, Mandiri Debit visas, to tap to pay, are now summarized in the Past Foreign Valuta Solution.

Bank Mandiri also introduced the Multi Source of Fund (SoF) feature to provide flexibility for customers in paying various bills. With this feature, customers can choose three different sources of funds for bill payments using the Pay/VA feature, namely savings, credit cards, and paylaters.

If the savings balance is not sufficient, customers can choose to pay bills using a credit card or use Livin' Paylater for ease of payment in the future.