PR95795

JAKARTA, Indonesia, May 3 ,2022 /PRNewswire=KYODO JBN/--

Bank BRI (IDX: BBRI) has partnered with PT Telkom Indonesia Tbk. (IDX: TLKM) to

provide access to financial services for 5 million people in Indonesia over the

next two years. They synergize to expand the use of digital technology in the

financial sector for reliable telecommunication infrastructures to accelerate

digital economy.

According to a report (https://singaporefintech.org/fintech-in-asean-2021/) by

UOB, PwC, and Singapore Fintech Association (SFA), 50% of the population in

Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, do not have

access to financial services or are unbanked. In Indonesia alone, 28 million(

https://finansial.bisnis.com/read/20211006/90/1451118/28-juta-penduduk-ri-belum-tersentuh-perbankan-bi-pasar-potensial-bank-digital)

people are unbanked.

"The synergy between BRI and Telkom pushes financial inclusion to remote areas

in Indonesia. Telkom is here to support BRI's needs of internet network with

their expertise," said Erick Thohir, Indonesian Minister of State-Owned

Enterprises.

One of the priority agendas of Indonesia's Presidency on this year's G20 Summit

is digital transformation that includes providing financial services to remote

areas.

As Indonesia is predicted to become the fourth largest country in the world

economy, the Ministry will continue to encourage digital transformation for

Indonesia's economy in 2045. "Digital transformation carried out by the

Ministry is very important for state-owned enterprises to continue to grow in

the midst of technological developments," added Eric.

Sunarso, President Director of BRI explained, "BRI's aspires to efficiently

serve as many people as possible. The most effective way to reach 17,000

islands in Indonesia is through digitalization. Thus, we collaborate with

Telkom to develop the digital infrastructure."

The collaboration from 2020 to 2021 has provided banking access to around 5

million people in Indonesia, or 0.1 percent of the world's population.

Telkom's infrastructure has reached remote and disadvantaged areas in all

regions of Indonesia, through their fiber optics, terrestrial networks, base

transceiver station and satellites.

"Digital connectivity encourages access of information across all sectors,

including the financial sector. Thus, Telkom supports BRI's commitment to

providing digital-based banking services to remote areas in Indonesia," said

Ririek Adriansyah, President Director of PT Telkom Indonesia.

This is expected to contribute to a larger economy because growth in access to

banking finance in Indonesia can contribute to the economic growth Asian region

as well.

More information about BRI can be accessed at www.bri.co.id.

Source: PT Bank Rakyat Indonesia Tbk (BRI)