• Newsletter
  • Contact
  • Press Releases
Thursday, June 5, 2025
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home Feature News

South Korea’s KakaoBank acquires 10% Superbank stakes to build mobile fintech platform in Indonesia

Through the partnership, KakaoBank will actively work together in developing Superbank products and services. Superbank plans to release its app in 2023.

Sinta by Sinta
October 11, 2023
in Feature News, Industry
0
kakaobank and superbank established a strategic partnership

Tigor M. Siahaan, President Director of Superbank (left) and Yun Ho Young CEO of KakaoBank Corp. Image: Superbank

Share on FacebookShare on Twitter

Heaptalk, Jakarta — South Korea’s digital-only bank KakaoBank established a strategic partnership with Indonesia’s digital-focused bank Superbank (10/10). KakaoBank will acquire a 10% Superbank stake through the issuance of new shares.

Through the partnership, KakaoBank will actively work together in developing Superbank products and services. Backed by Grab, Singtel, and Emtek Group, Superbank plans to release its app in 2023.

CEO of KakaoBank Corp, Yun Ho Young said that the partnership with Superbank is the first step of KakaoBank’s global business expansion. By collaborating with major partners in Southeast Asia, the company wants to create the future of finance by building a mobile financial technology platform, starting with Superbank in Indonesia.

World Ai Jakarta 2025
World Ai Jakarta 2025

“This partnership is also a realization of our long-term commitment to create synergy between KakaoBank’s mobile financial technology and Grab’s successful Southeast Asian business. Ultimately, we would like to establish a global digital bank network through our technology and service partnership,” explained Yun.

Founded in January 2016, KakaoBank launched its services in July 2017 after obtaining the final full banking license from the Republic of Korea Financial Services Commission in April 2017. The bank leverages the latest technologies such as chatbots and artificial intelligence to provide mobile banking service.

Serving the underbanked communities, primarily MSMEs and retail customers

Meanwhile, President Director of Superbank Tigor M. Siahaan said, “We are honored for the trust from KakaoBank, as the leading digital bank in their market with a tremendous track record. This partnership signifies the fusion of international expertise with the boundless potential of Indonesia.”

Tigor is optimistic that the partnership will not only strengthen Superbank’s capabilities but also bring the company closer to its mission of serving the financial needs of the underbanked communities, primarily MSMEs and retail customers.

“We are thrilled to welcome KakaoBank as a strategic shareholder and look forward to leveraging their expertise to provide innovative financial solutions to Indonesian consumers,” Tigor added.

Formerly known as PT Bank Fama International, Superbank has carried out a transformative journey into a digitally focused bank. Founded in Bandung, West Java in 1993, the bank became part of Emtek Group at the end of 2021, then backed up by Grab and Singtel in early 2022, and KakaoBank in 2023.

Tags: indonesia digital bankkakaobanksouth korea digital bankSuperbank

Related Posts

Lifree breathable adult diapers can help improve skin health. Credit: Haris

Unicharm research: Lifree improves quality of life for elderly

May 31, 2025
Ritesh Kumar Singh, Director and Chief Commercial Officer of Indosat. (credit: WUlan

Indosat Ooredoo Hutchison announces resignation of Director and CCO Ritesh Kumar Singh

May 28, 2025
iQoo Z10 will be launched in Indonesia on June 4, 2025. Credit: iQoo Indonesia

iQoo Z10 brings the largest 7,300 mAh battery to Indonesia

May 28, 2025
From left: Gaery Undarsa, Co-Founder & Chief Marketing Officer of Tiket.com; Ni Luh Puspa, Deputy Minister of Tourism; and Dudi Arisandi, Chief People Officer of Tiket.com, at the Tourism Ministry Office. Credit: Tiket.com

Partnering with Tourism Ministry, Tiket.com expands Tiket Green and Jagoan Pariwisata

May 27, 2025
Citi Indonesia held a press conference on Q1 2025 financial report, including its net profit, in Central Jakarta (05/26). Credit: Sinta

Citi Indonesia posts net profit of US$39.7mn in Q1 2025

May 27, 2025
Shell Indonesia officially sold its fuel retail station business to Citadel Pacific and Sefas Group. Credit: Citadel Pacific

Shell Indonesia sells its fuel stations to Citadel Pacific and Sefas Group

May 26, 2025
  • 32321

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
the 10th world battery & energy industry expo 2025World Ai Jakarta 2025
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
  • Equinix completes KL1 Phase 2 data center in Kuala Lumpur
  • Soemitro Center: A platform for Indonesia’s young economists
  • Unicharm research: Lifree improves quality of life for elderly
  • Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com