Neo Commerce Bank Presents Neo Business, MSME Digital Financial Services

PT Bank Neo Commerce Tbk (BNC), is now introducing its newest digital financial service, namely Neo Business. This service is intended for owners of micro, small and medium enterprises (MSMEs) to manage financial transactions and daily business transactions.

Neo Business services are available in the Neobank application, with one application, customers get two services, namely general customer service and customers of small and medium business owners.

Based on data from the Coordinating Ministry for Economic Affairs of the Republic of Indonesia in October 2022, MSMEs are able to absorb 97% of the total workforce and are able to collect up to 60,4% of total investment in Indonesia. MSMEs can still develop further

Data from the Ministry of Cooperatives and Small and Medium Enterprises (Kemenkop UKM) reports that as many as 3,79% of MSMEs have used online platforms to market their products, or 8% of the total MSMEs in Indonesia, namely 59,2 million.

From this data, BNC sees an opportunity that MSMEs have an important role for the Indonesian economy, and to be able to further develop in fulfilling their potential, BNC wants to participate and contribute by making it easier for MSMEs to gain access to quality digital financial and banking services.

"Given the importance of the role of MSMEs for the Indonesian economy, BNC as the leading digital bank has a responsibility to be able to provide banking services that are inclusive, easy, fast and profitable for our customers, especially for those who have small and medium businesses. With the presence of Neo Business, BNC hope they get easy transactions, safe banking services with qualified technology support, free administration fees and interbank transfers.In the future, BNC will also provide loans (merchant loans) for MSME owners who use Neo Business so that they can help them develop their businesses. ." Said the Business Director of Bank Neo Commerce, Aditya Windarwo in his official statement quoted on Wednesday, April 5, 2023.

Neo Business services for MSMEs can be used to separate personal and business finances, receive and manage payments for platform business results e-commerce, food delivery, or platform other digital. This service is also equipped with bookkeeping and business analysis features. 

In addition, the Neo Business service can also deliver payment collections to business partners or customers, and can receive payments through QRIS whose transaction processes will be received on the same day. 

In the Neo Business service QRIS feature, MSMEs can register it independently. Users can create dynamic or static QRIS through Neo Business according to the user's transactional needs, as well as downloading image QRIS and receive same day settlement. 

The Qris Neo Business feature in the future will be able to be integrated through the Application Programming Interface (API) to merchants according totheir needs and preferences.

“BNC always strives to provide innovative and solutive financial services. We hope that this Neo Business service can be a solution to the problems faced by customers, especially for MSME owners and can be a service that helps their businesses grow more,” concluded Aditya.