Digital Banking Positions the Technology of Indonesia to Get Better

Following its new strategic alliance with ride-hailing and digital payment services company Gojek, Bank Jago is poised to become Indonesia’s first entirely digital bank. The small Indonesian bank applauds OJK which is the country’s Financial Services Regulator imminent digital banking legislation sharing that it will encourage its customers to open a bank account on an app run by Gojek’s affiliate.

In view of this, The banks must be present in digital ecosystems wherein this is how people do their banking nowadays instead of visiting a bank. Along with this, Gojek invested US$160 million (S$212 million) in December last year to increase its interest in Bank Jago to 22.16 per cent. In fact, Customers of Gojek’s e-wallet who use its ride-hailing service will be able to open Bank Jago accounts as well as apply for loans.

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