BRImo Mobile Banking, a Worldwide Simplicity in Your Hand

Rhea-AI Summary

BRI (IDX: BBRI) has announced significant growth in its mobile banking app BRImo, reaching 38.1 million users as of November 2024, marking a 22.9% year-on-year increase. The super-app recorded a transaction value of IDR 5,057 trillion and generated IDR 2.64 trillion in fee-based income.

BRImo has achieved a 4.7 rating on app stores and became Indonesia's most-downloaded mobile banking app in 2024. The app now offers enhanced cross-border capabilities, including account opening for Indonesian citizens abroad using local phone numbers across 11 specified countries and regions, plus money transfers to over 160 countries.

The platform introduces BritAma Valas for foreign currency management, enabling users to save, convert, and top up foreign currency balances with real-time exchange rates. Users can also manage a BRI Multicurrency Debit Card supporting transactions in 12 different currencies.

Positive

• User base grew 22.9% YoY to 38.1 million
• Transaction value reached IDR 5,057 trillion
• Generated IDR 2.64 trillion in fee-based income
• Achieved 4.7 rating and became most downloaded banking app in Indonesia
• Expanded international presence to 160+ countries for money transfers

Negative

• None.

JAKARTA, Indonesia, Jan. 9, 2025 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) presents the #BRImoWorldXperience, expanding BRImo's cross-border capabilities. The super-app also reinforces BRI's leadership in financial digitalization, with nearly 99% of transactions now digitized. As of November 2024, BRImo users reached 38.1 million, an increase of 22.9% year-on-year. Meanwhile, BRImo recorded a transaction value of IDR 5,057 trillion, driving BRI's business with an IDR 2.64 trillion fee-based income poised for continuous growth. "With an impressive rating of 4.7 on the Play Store & App Store, BRImo was Indonesia's most-downloaded mobile banking app in 2024," said Andrijanto, BRI's Director of Retail Funding and Distribution.

As the preferred mobile banking app for Indonesians, BRImo provides fast, secure, and convenient access to global banking, putting seamless international transactions directly at the user's fingertips. BRImo can be used anytime, anywhere, even while traveling or living abroad, ensuring you stay connected to your banking needs without interruption. BRImo also provides the feature to open a BRI account for Indonesian citizens abroad using their local mobile phone number. This feature allows users to seamlessly manage their overseas banking needs without changing their phone number. Supported locations include Hong Kong SAR, Japan, South Korea, Kuwait, Malaysia, Saudi Arabia, Singapore, Taiwan region, Timor Leste, the United Arab Emirates, and the United States. BRImo also offers fast and secure money transfers to bank accounts in over 160 countries.

Another enhancement is BritAma Valas (foreign currency) account management through BRImo. In addition to international money transfers, BRImo users can now save, convert, and top up foreign currency balances, making international transactions easy, safe, and fast. This feature offers seamless currency conversions with real-time exchange rates and competitive pricing. BritAma Valas account holders can also manage a BRI Multicurrency Debit Card directly through BRImo. The card, which can be collected from any BRI branch in Indonesia, allows users to conduct transactions in 12 currencies (USD, AUD, SGD, CNY, EUR, AED, HKD, GBP, JPY, SAR, THB, MYR), simplifying cross-border banking.

To further enhance user's value, BRImo actively offers exciting promotions. Users can participate in BRImo FSTVL for a chance to win 5 units of BMW 520i M Sport, other luxury vehicles, 100,000 instant prizes, and weekly prizes in Friday Deals. Join now at http://bbri.id/brimofstvl.

For more information on BRImo, visit: www.bri.co.id/en/home

FAQ

What is BRImo's current user base as of November 2024?

BRImo reached 38.1 million users as of November 2024, showing a 22.9% increase year-on-year.

What is the transaction value processed through BRImo?

BRImo recorded a transaction value of IDR 5,057 trillion, contributing to BRI's fee-based income of IDR 2.64 trillion.

How many countries can BRImo users transfer money to?

BRImo users can transfer money to bank accounts in over 160 countries worldwide.

What currencies are supported by BRI's Multicurrency Debit Card through BRImo?

The BRI Multicurrency Debit Card supports 12 currencies: USD, AUD, SGD, CNY, EUR, AED, HKD, GBP, JPY, SAR, THB, and MYR.

What is BRImo's current app store rating?

BRImo has achieved a 4.7 rating on both the Play Store and App Store, becoming Indonesia's most-downloaded mobile banking app in 2024.