Heaptalk, Jakarta — Bank Mandiri, Indonesia’s state-owned bank, has launched Livin’ by Mandiri Timor-Leste, specifically for Timor-Leste customers. The launch coincided with National Saving Day in Timor-Leste on November 29 and aims to support the financial digitalization program initiated by the Banco Central de Timor-Leste (BCTL).
Eka Fitria, Bank Mandiri’s Director of Treasury & International Banking, stated that the introduction of Livin’ by Mandiri Timor-Leste reflects the bank’s commitment to meeting the financial needs of all customers in Timor-Leste. “Through Livin’ by Mandiri Timor-Leste, we aim to simplify digital banking transactions for customers anytime and anywhere. This innovation reflects our commitment and serves as a special gift for the people of Timor-Leste on National Saving Day,” said Eka.
Abu Santosa Sudradjat, SEVP of International Banking & Financial Institutions at Bank Mandiri, highlighted that the new service provides convenient financial transaction features. These include QR transfers, balance checks, transaction history reviews, and other banking information. “The presence of Livin’ by Mandiri Timor-Leste is expected to serve as a digital financial solution for all community segments, driving the creation of a cashless ecosystem in Timor-Leste across both the public and private sectors, especially in developing digital retail transactions,” explained Abu.
According to Hari Nugroho Sujiono, General Manager of Bank Mandiri Timor-Leste, the bank has operated as a commercial bank in Timor-Leste since 2003. Over the years, it has provided banking services and financial products to more than 40,000 individual and corporate clients. As of October 2024, Bank Mandiri Timor-Leste has emerged as the largest foreign bank in the country, with total assets reaching US$867 million. This figure is expected to grow further with the implementation of this digital banking initiative.
