Jakarta, 3 June 2021 – Within less than two weeks, PT Bank MNC Internasional Tbk (“BABP” or “MNC Bank”), a subsidiary of PT MNC Kapital Indonesia Tbk (“BCAP” or “MNC Kapital”), launched its digital banking appli- cation under the name MotionBanking. At the same occasion, PT MNC Teknologi Nusantara (“MTN”) re- branded its e-money, e-wallet, and digital remittance app, SPIN, to become MotionPay. The interconnect- edness of both names is a strategic decision made by MNC Kapital to maximize market penetration and pro- motion, aligned with the digital integration under BCAP. MotionBanking and MotionPay are the two featured digital products that will be the backbones for MNC Kapital’s growth.
MotionBanking is the digital banking app by MNC Bank to bring banking services closer to customers. With a digital onboarding license, MotionBanking is designed as an integrated banking app, that offers complete ser- vices from savings, transfers, payments, to credit cards, along with convenient UI/UX such as biometric login, real-time notifications, and others
The rebranding of MotionPay is in line with the digital financial transformation of MNC Group. MotionPay will embed all its functions (QRIS, e-money, e-wallet, and digital remittance) into the MotionBanking appli- cation and present a complete and wholly integrated digital financial solution.
The e-wallet, e-money, and digital transfer application provides fast and easy cashless transaction services via smartphones. In addition, MotionPay also makes it easier for users to pay bills, top-up credit or data pack- ages, as well as transact at both online and offline QRIS merchants across the country.
Additionally, MotionPay users will receive rewards in the form of MotionPoints for every transaction done through the app. MotionPoints can be exchanged for various attractive offers as well as become an addi- tional source of fund. In the near future, MotionPay will collaborate its services with third-party partners to increase application usage.
Collaboration with Other Fintech
MotionBanking will implement the concept of Open Banking and Open API to provide seamless integration both internally and externally to MNC Group´s ecosystem, enriching its users with various digital products in the market. This will enable MotionBanking to open its doors towards third-party developers and be integrated into oth- er digital platforms, such as marketplaces, fintech, online ride-hailing, and others.
“MotionBanking is being developed into a financial management platform for different generations, utilizing artificial intelligence and personalization capabil- ities. We are constantly innovating to simplify and upgrade our customers’ banking experience. The development of digital banking in Indonesia has snow- balled in the last 2 years, and MotionBanking is created to be a versatile digital banking app to win the market competition. We are confident that with the support of MNC Group´s strong presence in Indonesia, MotionBanking will be the market leader in digital banking.” Tedy Tee, COO of MotionBanking.
PT MNC Vision Networks Tbk (“IPTV”)
The agreement allows Motion- Banking and MotionPay to access IPTV user base, with more than 9 million subscribers (which are growing by more than 300,000 every month) incentivized to download and actively use MotionBanking and MotionPay services. IPTV is committed to promoting MotionBanking and MotionPay products on its media platforms, including its Pay TV channels and social media accounts.
In return, MotionBanking and MotionPay will provide exclusive discounts and promotions, including MotionPoints (loyalty program) for IPTV subscribers who use products and services available in MotionBanking and MotionPay
PT Kredit Pintar Indonesia
The agreement with Kredit Pintar provides ample opportunities to explore business collaboration po- tentials, including but not limited to: lending provision, installment or pay-later features, credit card cobranding, collaboration in mar- keting and services, loan channel- ing through the Kredit Pintar platform, employee loans, as well as AI-based credit scoring for MNC Bank and its affiliates.
PT Oriente Mas Sejahtera (Finmas)
While a Finmas affiliate has signed a credit facility agreement amounting IDR 50 billion with MNC Bank previously this week, today, Finmas has agreed to deepen rela- tions with MNC Bank and prepare other collaborations, such as:
MotionBanking is being made available today is only the beginning. The team at MNC continous to innovate to develop the best digital banking application. For the next step, MotionBanking will use artificial intelligence to provide smart loan, virtual credit cards and loyalty systems. Utilizing an open API technology, MotionBanking will also integrate various investment products to provide maximum return to its users. MotionBanking will also provide savings in major currencies for extra convenience and other developments in an effort to create an unparalleled financial solution.
MNC Group Ecosystem
Pursuing an ambitious growth target, MotionBanking will capitalize on MNC Group´s ecosystem by utilizing its user base for MotionBanking’s client acquisition purposes, which includes:
With digital onboarding, BABP is targeting an acquisition of 30 million new users within the next 5 years.