Monday, October 28, 2013

Banking: M-banking outpacing I-banking in Indonesia

Most of the banks have recorded increased fee income derived from M-banking, which is growing faster than Internet banking. Examples include:

BCA: 30-40 per cent growth of m-banking volume and value (Total 4.3 million m-banking users generating transactions worth IDR 90 trillion ~ $ 9 billion) 

Bank Permata: 30 per cent growth in value and volume

Bank Mandiri: 50-60 per cent growth in value and volume (Total 700,000 users of m-banking as compared to 600,000 users of Internet banking) 

BRI: Expects 50 per cent growth in m-banking next year. (Total 4.28 million users of SMS banking as compared to 640,000 Internet banking users) 

(Source: Jakarta Post)





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