Nium, a global leader in real-time cross-border payment infrastructure, has partnered with Bank Rakyat Indonesia (BRI) to offer Indonesian customers instant international money transfer services. This collaboration seeks to improve BRI's cross-border services for both individual and corporate clients, providing more affordable and accessible financial solutions throughout Indonesia.
This partnership empowers more than 150 million BRI account holders, including those in remote regions of Indonesia, to access modern, real-time cross-border payment services. The offering includes a variety of real-time payment mechanisms, supporting bank account destinations, a global electronic card network, and digital wallets. These innovations are closely aligned with BRI's ongoing mission to provide affordable and customer-focused financial products, particularly for traditionally underserved communities.
BRI's Corporate Secretary, Agustya Hendy Bernadi, emphasized BRI's dedication to constantly improving customer convenience through innovations in its global network and cross-border transaction services. "This collaboration reflects BRI's continuous efforts to enhance productivity and efficiency by expanding its digital payment channel network to meet the growing demand for global transactions", he said. Agustya added that the partnership with Nium aligns perfectly with BRI's vision to be Southeast Asia's most valuable banking group and a champion of financial inclusion by 2025. "With Nium's global transaction network, BRI strengthens the digitalization of its business processes and enhances retail banking capabilities in line with our 2025 strategic vision".
Anupam Pahuja, General Manager and Executive Vice President for Asia Pacific, Middle East, and Africa at Nium, shared his excitement about the partnership, highlighting BRI's extensive presence across Indonesia's 17,000 islands. "By integrating Nium's advanced technology into BRI's platform, we are dedicated to providing BRI's customers, no matter where they are, with access to exceptional financial services. This partnership will remove the risks associated with cash handling and provide faster, more cost-effective transactions—whether individuals are sending money to family members abroad or businesses are making international payments".
Cross-border payments in Indonesia are expected to see substantial growth, with a projected annual increase of 15% through 2025, fueled by the ongoing digital transformation in financial services (Statista, 2024). The partnership between BRI and Nium is poised to revolutionize how Indonesians access global financial services, addressing the growing demand for advanced payment infrastructure and significantly improving the international transaction experience for BRI's customers.