1. Startups

Bank Jago Announces Integration of Account Opening Features Through Applications Gojek

Research data shows that 1 in 5 Gopay users does not have a bank account

PT Bank Jago Tbk (IDX: ARTO) again announced the integration of shared services Gojek. This time, users can open a Bank Jago account directly from the application Gojek with a claimed time of less than five minutes. Opening an account is not subject to administration fees or a minimum balance.

Prior to this integration, Bank Jago had already connected Pockets as one of the app payment options Gojek. Users can pay for various services, such as food, transportation, and bills with Bank Jago Pockets inside the application.

Now users can also do top upGopay from Bank Jago free of charge. The company claims that platform integration on-demand with a digital bank is the first in Indonesia.

In the launch event which was held virtually, Main Director of Bank Jago Kharim Siregar said that this synergy could help users manage their finances. This is because users can monitor their finances through the Jago Bank Pouch features in the application Gojek.

"With reach Gopay, we want to provide benefits and experience so that they can transact quickly, easily and safely in the ecosystem Gojek. We take the initiative to increase financial maturity among the community with the features we offer so they don't overspend."

Synergy plan with Gojek / Great Bank

Meanwhile, CEO Gopay Hans Patuwo said that the collaboration between Bank Jago and GoTo was in line with the mission to increase financial inclusion. Bank Jago has technological capabilities in the banking sector which are considered in accordance with the mission that GoTo wants to achieve.

"We can join hands to make use of each other's expertise tech each other to be able to produce value proposition services that are unique in the market," said Hans.

This integration is a continuation of the synergy between Gojek Group (at that time not yet merged with Tokopedia) and Bank Jago when inaugurating the entry of GoPay (PT Dompet Anak Karya Bangsa) as shareholders by 22% in December 2020.

At that time, in the announcement, the two parties agreed on the main goal of their strategic collaboration, namely accelerating financial inclusion. One of the initiatives is to present banking services in the application Gojek so that millions of customers can open accounts directly at Bank Jago.

Gopay opens access to banking and financial services

Furthermore, the integration of Bank Jago and GoTo services is expected to support the government's mission to achieve the target of a financial inclusion rate of 90% by 2024. Moreover, Gojek recently merged with Tokopedia, both of which have strong service ecosystems and propositions in the MSME segment.

More Coverage:

Based on reports Ministry of FinanceCurrently, only 61,7% of Indonesians have bank accounts. Meanwhile, referring to the research results of the Demographic Institute, Faculty of Economics and Business, University of Indonesia, GoTo Financial said to have helped the community unbanked and underbanked access formal financial services.

Source: Demographic Institute, Faculty of Economics and Business, University of Indonesia / Reprocessed by DailySocial

Research shows 1 in 5 users Gopay do not have a bank account. Other findings also reveal that respondents see Gopay as a means of financial regulation and a bridge to financial services, not only as a means of payment. In fact, 1 in 4 users Gopay claimed to be interested in opening a bank account through Gopay.

Application Information Will Show Up Here
Application Information Will Show Up Here
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again

Sign up for our
newsletter

Subscribe Newsletter
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again