CIMB Niaga: Accounts of Mobile Phones Are Very High Potential

Indobusiness - The number of mobile phone owners in Indonesia are higher than bank account holders. While the number of transactions valued under $ 1 million reached 9.2 million transactions per day.

Told Reuters before the launch of Account Phones (Mobile) CIMB Niaga in Jakarta, Wednesday (03/27/2013), Donny Akbar of Product Development and Account Go Mobile Mobile CIMB Niaga said Indonesia now requires tools that can help facilitate the transaction, especially considering the high number of transactions in Indonesia.

Data from Bank Indonesia (BI), the number of transactions under $ 1 million in one day reach 9.2 million transactions, while transactions under $ 5 million to 4 million transactions per day. The account holder in Indonesia only 60 million people. In addition, there are 120 million people who deserve to have an account but still choose not to have a bank account.

Donny added, the cost to print the currency is higher than the nominal money itself. "BI to pay USD 20,000 for each piece of currency IDR 1,000. Imagine how much the cost of BI to print money that is used in daily transactions in Indonesian society. This money printing costs can be reduced by the presence of digital money, "he said.

To reach out to people who do not have a bank account and hit the high cost of printing currency, CIMB Niaga launched a new product called Mobile Account. Hopefully, by the account of Mobile, in a transaction facilitated people armed only with a cell phone.

In his speech at the launch of Mobile Phone Account, CIMB Niaga president director Arwin Rashid said, the presence of Account Mobile aims to facilitate all levels of society do banking without boundaries, as well as in support of the Financial Inclusion program launched by BI.

Product Mobile Account serves as a virtual account that makes the account owner can receive and send money only through mobile phones. As to withdraw money, users simply need to go to Account Mobile ATM CIMB Niaga and took the money without having to have an account or ATM card CIMB Niaga.

All transactions Mobile Account requires only a cell phone as a virtual account. According to Arwin, the number of mobile phone SIM cards circulating in Indonesia is currently 250 million. "Users of mobile phones in Indonesia there are 100 million people. If the account holder in Indonesia there are 60 million people, meaning accounts Mobile can better reach and facilitate the transaction, "he said.