Livin' By Mandiri Integrated Mobile Banking And Stock Investment Services In One Application

Photo: Doc. Bank Mandiri

JAKARTA - Entering its 26th age, Bank Mandiri continues to show its commitment to providing innovative and relevant digital financial solutions. Through the theme "Adaptive and Solutive", the bank codenamed BMRI issuer launched the latest service in the Stock Investment feature in the Livin' by Mandiri application which allows customers to conduct direct share purchase transactions.

With this feature, Livin' by Mandiri is the pioneer of banking applications in Indonesia that integrates mobile banking services with stock investment on one platform. The presence of this feature makes it easier for customers to manage their entire financial portfolio without having to move to other applications, providing a more efficient and convenient investment experience.

Bank Mandiri Network and Retail Banking Director Aquarius Rudianto said that the Stock Investment Service in the Livin' Investment feature in collaboration with Growin' by Mandiri Sekuritas provides unprecedented convenience. Customers can maximize their financial planning more flexibly, starting from monitoring investment portfolios, accessing stock market information, to buying and selling shares when and anywhere.

This share investment service also comes with an intuitive user interface and various practical stock transaction options, making it easier for customers to manage their investment. Customers can also deposit and withdraw funds at any time in real-time to an account without additional fees," continued Aquarius in Jakarta, Thursday, October 17.

He added that the launch of this feature is also in line with the trend of investor growth in the Indonesian capital market. According to the latest data from the Indonesian Central Securities Depository (KSEI), until the end of August 2024, the number of individual investors in the capital market has increased by 12 percent to 13.62 million investors, compared to the same period last year.

Of this number, 55.07 percent of them come from investors who are less than 30 years old, who are now increasingly dominating the demographics of investors in Indonesia.

The growth in the number of young investors in the Indonesian capital market shows a positive trend that now the younger generation is increasingly interested in investing and Bank Mandiri wants to support this trend by presenting investment solutions that are easily accessible and on target. With a more mature understanding, young investors can make investment decisions wiser, "he explained.

The presence of the Stock Investment service is expected to encourage increased investment through the Livin' by Mandiri application. As of August 2024, Livin' by Mandiri itself recorded an impressive investment performance with total sales volume reaching IDR 25.14 trillion and transaction frequency of more than 782 thousand times year to date (ytd).

Of the total transactions, 96% of them come from retail customers, who show the high interest of individual investors to take advantage of the Livin' by Mandiri application as their main platform in investing.

In the future, Bank Mandiri is committed to continuing to provide more seamless, safe, and integrated financial solutions in Livin' by Mandiri. Since its launch in October 2021, the growth in the number of Livin' by Mandiri users has continued to increase significantly, reaching 27 million users as of August 2024, up 33 percent year on year (YoY) with total transactions of IDR 2,589 trillion and 2.4 billion in ytd transaction volumes.