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BNI increases export potential with MSMEs and Indonesian diaspora through BNI Xpora
PT Bank Negara Indonesia (Persero) Tbk. or BNI (stock code: BBNI) continues to strengthen the export and import ecosystem through its platform BNI Xpora.
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BNI's attempts to strengthen Indonesia's export-import ecosystem is applauded by the government and other important players in financing and trade. (Photo:BNI)
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T Bank Negara Indonesia (Persero) Tbk. or BNI (stock code: BBNI) continues to strengthen the export and import ecosystem through its platform BNI Xpora. The one-stop-solution hub and the export-import ecosystem are expected to answer the challenges of the expanding Indonesian local market.
BNI corporate secretary Okki Rushartomo explained that there were six challenges in penetrating export markets including intense competition between products, the competitive global market, complicated export and licensing procedures, digital capabilities that have not been widely mastered by small and medium enterprises (SMEs), limited transaction solutions and a lack of access to capital.
For this reason, BNI is pushing the performance of BNI Xpora in order to reach sellers and buyers, as well as being a one-stop-solution hub that creates a capable ecosystem to support SME exports.
“In addition to providing assistance for global market expansion, Xpora is also a platform that offers digital system services, funding solutions, financial management, the strengthening of legal aspects and a special forum for micro, small and medium enterprises [MSMEs],” Okki explained at the SOE International Conference held at the Bali Nusa Dua Conference Center on Tuesday.
Meanwhile, MSME products belonging to members of the Xpora ecosystem have been marketed to consumers in various countries including South Korea, Japan, Hong Kong, the United Kingdom, the Netherlands and the United States.
The business sectors that make up the BNI Xpora ecosystem are quite diverse. However, businesses under the food and beverage (FnB) and furniture categories dominate BNI Xpora users.
Diaspora optimization
Okki continued that the Indonesian diaspora community would become the bridge for Indonesian MSMEs to enter the global market. In fact, not only does the BNI Xpora platform provide services to trading companies and wholesale distributors, it also opens new opportunities for individuals in the diaspora who want to sell Indonesian MSME products abroad.
“There are about 8 million Indonesians all over the world. Students and workers abroad can participate in selling domestic products by utilizing BNI Xpora’s facilities,” Okki explained.
In addition, there are many in the diaspora who deal in trading Indonesian products abroad, promising business opportunities for local MSMEs.
“In Taiwan, there are many Indonesian workers who sell instant noodles, kerupuk and other products. They act as importers as well as connectors for our MSMEs to sell their products outside Indonesia,” he added.
Through BNI’s network of overseas branch offices, Okki is optimistic about the expansion of MSME products. BNI’s offices are spread in world finance centers such as Hong Kong, Singapore, New York, London, Tokyo, Seoul and Amsterdam.
The network plays a strategic role in developing the import-export ecosystem. “This is in accordance with BNI’s competence in international banking, because BNI aims to establish global cooperation around the world.
