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Continue Efforts to Digitize BPR, Communal Releases "E-Deposito"

DepositoBPR Communal has partnered with 160 BPRs, processing deposits from the public worth more than IDR 1 trillion

DepositoBPR by Communal, platform funding agent community liaison with BPR, inaugurated the E-Deposito feature to make it easier for customers to receive electronic advice, eliminating the need for physical bilyets. This feature responds to the rapid needs of customers and BPRs in the process of opening deposits, as well as part of the company's ambition to encourage BPR go-digital.

In general, when customers place funds in deposits, they will receive a physical bilyet which will be sent within three to five days afterward. This physical bilyet has drawbacks, including being prone to slipping, being easily damaged if not stored properly, and being complicated because it has to be sent back to the issuing BPR.

“The E-Deposit feature is of course aimed at supporting all BPRs to advance digitally. [..] We believe the presence of this feature will speed up and simplify the process of funding and disbursing deposits. Customers also don't have to worry about the deposit slips that have the potential to be lost or damaged," said the President Director of PT Komunal Sejahtera Indonesia (DepositoBPR by Komunal) Kendrick Winoto in an official statement, today (16/8).

BPR Prima President Director Dadi Artha Andreas Liando also shared his views. He said this feature was very helpful for BPRs, because the process was not complicated and he was proud to be one of the first BPRs in Pare Kediri to introduce digital deposits. "Thus providing a unique position in the market," he added.

For the record, BPR Prima Dadi Artha is a BPR that acquired Communal and officially became part of the company since April 2022. The reason for this acquisition is because Communal wants to make it a pilot BPR, as well as an innovation laboratory for developing BPR solutions in Indonesia so that they can operate efficiently.

E-Deposit Features

Kendrick continued, this feature is used to facilitate BPRs in providing E-Deposito services through the DepositoBPR platform. Apart from being a practical process, BPRs do not need to make efforts to send physical bilyets to and from customers, and do not incur additional costs to purchase stamps. BPRs can also cut operational costs, such as printing and sending bills, so that deposit products become more inclusive and ultimately lower the minimum deposit nominal.

Although this feature is here to make it easier for both parties, Kendrick said customers can still apply for a deposit with a physical bilyet, adjusting to their individual preferences. So far, the E-Deposito feature has been available in several BPRs on the DepositoBPR platform. In the future, the company will continue to disseminate information to all BPRs that have partnered.

From the customer side, with E-Deposito, they will receive electronic advice (electronic letter of proof of deposit placement), after the E-Deposit application process. E-Deposito advice allows for a faster, easier, and more convenient process.

From July 2022, DepositoBPR by Communal claimed to have processed deposit placements from the public to more than 160 BPR Communal partners spread throughout Indonesia, valued at more than IDR 1 trillion since its launch. This growth includes an increase in the transaction value of a larger customer base, as well as the strengthening and expansion of the BPR Deposit service ecosystem.

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Deposit products offered by BPR partners, starting from Rp. 300 thousand with yields that are relatively twice as high as deposits at commercial banks. All deposit openings are also guaranteed by the Deposit Insurance Corporation (LPS) of up to IDR 2 billion.

Previously, the company inaugurated the DepositoBPR application to connect various BPRs and customers throughout Indonesia who wish to open BPR Deposits online. The application is equipped with the latest features, such as face ID and fingerprint to log in to maintain customer data security.

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