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MNC Bank Expands Financial Inclusion in Indonesia by Joining Jalin’s Link Ecosystem

5 August 2024

Jakarta, August 5, 2024 – PT Bank MNC Internasional Tbk (IDX: BABP) or MNC Bank, a part of MNC Group, has officially joined Link, the electronic payment system and network managed by PT Jalin Pembayaran Nusantara (“Jalin”). This milestone was marked with a cooperation agreement signed by Yudistira Ardhi Prastono (Chief Digital Business Officer of MNC Bank) and Eko Dedi Rukminto (Business Director of Jalin) on Friday, August 2, 2024, at the Jakarta Convention Center, coinciding with the Indonesian Digital Economy Festival (FEKDI). The signing was witnessed by the management teams of both companies.

Through this collaboration, MNC Bank will soon introduce a new service to expand customer access by enabling cash withdrawals without using an ATM card, known as Cardless Cash Withdrawal at more than 27,000 Link ATMs across Indonesia, leveraging the ATM network of other banks within Jalin’s Link network. In addition to Cardless Cash Withdrawal, MNC Bank is also set to launch a new feature called QRIS Tuntas in partnership with Jalin. Unlike the QRIS feature for digital payment transactions, QRIS Tuntas, launched by Bank Indonesia in September 2023, is specifically designed for cash withdrawals, cash deposits, and interbank fund transfers using a simple QR Code scan. By broadening access with Cardless Cash Withdrawal and the QRIS Tuntas feature, MNC Bank not only streamlines banking transactions for its customers but also plays a pivotal role in achieving widespread, secure, and convenient financial inclusion for the public, while advancing digital banking transformation in Indonesia.

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