Bank Negara Indonesia (BNI) will start issuing corporate cards specifically aimed at small and medium enterprises as part of their push to recruit more corporate card holders.
The corporate cards will be issued in cooperation with American Express. The bank and Amex had recently signed a memorandum of understanding (MoU) regarding the partnership.
“We hope to trigger a change among these SMEs, to shift from cash-based transactions to card-based ones. This is also part of the wider non-cash movement that is being promoted by the government,”noted BNI’s consumer and retail director, Darmadi Sutanto.
BNI has not established specific targets for the SME corporate card, but Darmadi said it would significantly help to raise the bank’s fee-based income, generated from the companies’ transactions.
“Corporate cards are traditionally used to finance travel expenses, but we want to expand the use to include other expenses as well, such as procurement,” he added.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More