DBS Bank has officially unveiled digibank by DBS (digibank), a mobile-led bank, in Indonesia. Digibank is paperless, signatureless, and utilizes biometrics and artificial intelligence. The launch follows the successful rollout of digibank in India in April last year.

Indonesia’s Minister of Communication and Information Technology, Rudiantara, congratulated DBS on its innovations at the digibank launch. He also said that the government foresees that Indonesia’s digital economy will reach US$130 billion, or about 12% of Indonesia's GDP, in 2020. With Indonesia's economy shifting from a commodity-led to service-based one, this will encourage the rise of the digital economy in the country.

DBS Indonesia president director Paulus Sutisna says, “Over the past few years, Indonesia has seen a rapid growth in the number of internet and smartphone users. Along with this, we’ve witnessed a change in customer behaviour and people increasingly want a simple, fast and effortless way to bank. As a bank that is committed to shaping the future of banking, we’re excited to introduce digibank in Indonesia, giving customers the ability to bank anytime, anywhere.”

Photo: DBS.com