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Economy in brief: Indosat, DBS collaborate on loans app
JAKARTA: Telecommunications giant Indosat Ooredoo is collaborating with private lender Bank DBS Indonesia to serve customers who want to take out or repay non-collateral loans (KTA) through its e-wallet application
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AKARTA: Telecommunications giant Indosat Ooredoo is collaborating with private lender Bank DBS Indonesia to serve customers who want to take out or repay non-collateral loans (KTA) through its e-wallet application.
Indosat e-wallet, which is known as DompetKu (My Wallet), only requires customers to register their identity cards and have a credit card to apply for a KTA through the application, which runs on Android and iOS smartphones.
“It’s our clerk who will come to the customers once their application is submitted through the app,” DBS senior vice president Sonja Kristianti said last week.
The loans offered by DBS range from Rp 5 million (US$384) to Rp 200 million, with tenures of up to three years and interest rates from 0.99 percent to 1.99 percent per month. The application also provides a service for those who want to pay their KTA installments.
“Many customers have become accustomed to financial technology. We do not want to replace banks, but we should enter a market that is untouchable by banks because our DompetKu customers are almost a million now,” Indosat Ooredoo CEO Alexander Rusli said. — JP
