Superbank expands banking access to millions of Grab users and partners in Indonesia

Mobility
20/06/2024 News

Superbank has become the first bank in Indonesia to integrate digital banking services directly within the Grab app. This partnership allows millions of Grab users and partners to open accounts, save money, and use these accounts for payments without downloading an additional app. Users benefit from a 6% annual savings interest, withdraw funds anytime, and enjoy a 75% Super Discount on GrabFood and GrabBike services. This initiative significantly advances Superbank's mission to provide easy, safe, and affordable financial access, promoting broader financial inclusion in Indonesia.

Digital Reinvention
13/06/2024 Article

Financial Innovation Spotlight: June 2024 edition

Tigor M. Siahaan, President Director of Superbank, expressed excitement about the collaboration, stating, "We are thrilled to see how easily people can open accounts, save, and make payments directly through the Grab app. This aligns with our mission to transform banking in Indonesia with innovative and secure financial solutions. The integration with Grab provides easier access to banking services and attractive offers, supporting users in managing their finances better."

Neneng Goenadi, Country Managing Director of Grab Indonesia, highlighted the convenience and security this partnership brings. "Our users and partners can now quickly and securely access banking services and Grab services in one application. Superbank's 6% annual savings interest is expected to benefit the community significantly. This initiative aligns with our mission to create a broader positive impact through technological innovation and economic empowerment."

Key features and offerings

• Account opening without additional apps: Users can open a Superbank account directly through the Grab app, linking it as a payment method for various services such as GrabFood, GrabBike, GrabCar, GrabExpress, and GrabMart. This streamlines the account registration process and reduces storage usage on users' phones.

• 6% annual interest: Users earn a 6% annual interest on their savings, which can be withdrawn anytime, offering a profitable and efficient way to save.

• Super discount and dine-out discount: Superbank offers a 75% discount for GrabFood and GrabBike, along with exclusive Dine-Out Discounts at renowned merchants in over 1,000 locations. These offers can be combined with other deals and promotions.

Additionally, Superbank is introducing Pinjaman Atur Sendiri (PAS) to selected Grab users, an unsecured digital loan with flexible credit limits and terms, and transparent interest and fee information.

Supported by industry leaders like Grab, EMTEK Group, Singtel, and KakaoBank, Superbank continues to innovate in financial services. The integration of Superbank with Grab demonstrates its commitment to providing a more inclusive and relevant banking experience, helping users manage their finances more effectively.

Related news & insights

Digital Reinvention
15/07/2024 Article

Financial Innovation Spotlight – July 2024 edition

This global innovation journey begins in Singapore, where OCBC Securities offers AI-driven personalized stock recommendations. Then we head to the...

Digital Reinvention
12/07/2024 Interview

NewTech Friday: Trustly – Offering fast, simple and secure online banking payments

Swedish scaleup Trustly is an open banking pioneer and a global payment method. Qorus’ Boris Plantier talked to Oscar Berglund,...

Digital Reinvention
11/07/2024 Interview

Creating the My World Super App: A peek into Yapi Kredi’s award-winning project

Yakup Doğan, Assistant General Manager responsible for Limitless Banking at Yapı Kredi, reflects on the Turkish bank's victory at the...

Digital Reinvention
11/07/2024 News

Indosuez Wealth Management expands "StartUp Connections" platform to new markets

Following its success in France, the platform now offers a simplified gateway to an international network of startups for these...

Mobility
11/07/2024 News

N26 partners with Bipi to offer €400 discount on car subscriptions

This collaboration marks a significant step in expanding N26’s customer benefits and highlights the growing trend of flexible car ownership...

Mobility
10/07/2024 Article

Volatile EV asset values are a looming headache for banks and insurers

The switch to EVs will force financial services firms to rethink how they calculate and manage the residual value of...

Mobility
09/07/2024 News

Measuring CO2 emissions in auto claims management

Crédit Agricole Assurances, Europ Assistance, and BCA Expertise, in collaboration with the Institut Louis Bachelier, have launched an innovative project...

Mobility
06/07/2024 Article

AutoMobility Insights - July 2024 edition

The latest news from the automotive industry curated and commented by the experts at Corporate Value Associates (CVA).