State-owned lender Bank Mandiri is aiming for extensive usage of its electronic money (e-money) in the transportation sector as part of its efforts to reach the goal of being one of Southeast Asia’s prominent market players in the banking industry. The lender believes that a-money has the potential to drive the future of business for every bank in the region, according to Bank Mandiri’s vice president of electronic banking group Budi Hartono. Budi said the vision was stated in Bank Mandiri’s transformation program for the period 2015-2020 as its strategy to become one of ASEAN’s prominent market players.
According to Bank Mandiri finance and strategy director Pahala Mansury, the lender will allocate around $180 million as capital expenditure on IT systems, which include e-banking.
The Jakarta Post