By : MOS Translation Team -— Kayla

Foreign media reported on the 24th that the Indonesian state-owned bank, Bank Negara Indonesia (BNI), has announced plans to acquire Bank Mayora, a bank jointly owned by Mayora Group, and the World Bank affiliate International Finance Corporation (IFC). The acquisition is currently awaiting an agreement by the general meeting of shareholders and the takeover will be effective in May 2022.

Bank Negara Indonesia (BNI) said, in an official statement, that Bank Mayora will transform into a digital bank, focusing on serving the country’s small and medium-sized enterprises. In addition, Bank Negara Indonesia (BNI) will also acquire several prominent tech companies that have entered the digital banking.  

Earlier, analysts, from Think Tanks in Hong Kong, believed that “the future trend of the financial industry is digitization, and digital currency and digital banking will be the core of the future financial infrastructure.”

Article: The Indonesian government acquired a private bank and enters into the digital banking

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