Heaptalk, Jakarta — BRI‘s mobile banking application, BRImo, won Finance Asia’s Most Innovative Tech award. This award demonstrates the state-owned bank’s commitment to providing innovative and easily accessible financial services to all Indonesians.
Launched in 2019, BRImo became Indonesia’s most downloaded mobile banking application in 2023, according to Data.AI. In Q1 2024, the app was used by 33.5 million users, a 30.3% year-over-year (YoY) increase from 25.7 million users in the same period the previous year. Recently, BRI reported that the number of users of this application reached 34.6 million in May 2024.
In addition to achieving the highest number of downloads, this mobile banking platform also received the best rating among similar applications in Indonesia. Android users rated it 4.7 with 1 million reviews, while iOS users rated it 4.7 with 141,000 reviews.
Transaction volume reached US$130b
As of May 2024, the transaction volume through this application reached Rp2,120 trillion, nearly US$130 billion (US$1 equals Rp16,337), an increase of 37% from the previous year. This impressive figure was accompanied by an increase in transactions, reaching 1.6 billion, up 49% year-over-year.
Seeing this trend, BRI is optimistic that BRImo transactions will increase by around 45-50% by the end of 2024. Most of these transactions come from BRImo’s flagship features, such as transfers, BRIVA, QRIS, mobile top-ups, digital wallet top-ups, and electricity payments.
In addition to the Most Innovative Tech award, the company also won awards in 11 categories at the Finance Asia Awards 2024. Of the 11 awards received, seven were in the Asia’s Best Companies category and 4 in the Finance Asia Awards category. BRI‘s President Director Sunarso received the awards at The Ritz Carlton Hong Kong (06/27).
“We dedicate these awards to more than 110,000 BRILian employees who have consistently shown strong commitment and dedication, enabling BRI to continue playing a role in Indonesia’s economy. We also dedicate this award to all MSMEs who are the backbone of Indonesia’s economy, for their fighting spirit and resilience in challenging conditions,” Sunarso concluded.
