The presence of banks offering digital banking services has undoubtedly simplified various financial matters, providing digital solutions for a multitude of needs. All services, from account opening, deposits, transfers, and more, are conducted through applications.

In Indonesia, the banking sector has seen significant advancements, particularly in digital banking services. The landscape is now enlivened by the presence of Bank Neo Commerce, also known as neobank.

Is neobank safe? beyond being licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia (BI), neobank has a longstanding experience in Indonesia's banking industry. Let's get to know Bank Neo Commerce or neobank more closely.

The Journey of Bank Neo Commerce (neobank)

In 1990, PT Bank Yudha Bhakti was established. Initially, it was initiated due to PAKTO 27/1988 and spearheaded by the Ministry of Defense and Security, Perum ASABRI, Pepabri, and developers. The establishment was in line with the Principle Approval from the Minister of Finance on August 14, 1989. Bank Yudha Bhakti commenced operations serving customers on January 9, 1990.

Eight years later, Bank Yudha Bhakti achieved an "A" Classification. Despite initially being owned by Cooperative Parent Organizations and Central Cooperatives within the TNI/POLRI and the Ministry of Defense and Security, the bank successfully weathered the 1997 monetary crisis, maintaining positive performance. Consequently, it was categorized as an "A" class bank.

Subsequently, Bank Yudha Bhakti expanded by establishing Branch Offices and Sub-Branches in Java and Sumatra. In 2015, it became a Public Company and was listed on the Indonesia Stock Exchange.

Four years later, after over 30 years as a conventional bank, Bank Yudha Bhakti transformed by partnering with PT Akulaku Silvrr Indonesia as a new shareholder through a Capital Increase Without Pre-emptive Rights (PMTHMETD).

Bank Yudha Bhakti has since transformed into Bank Neo Commerce, transitioning from a traditional banking institution to a digital bank offering the neobank application. This transformation includes providing a variety of technology-based financial services catering to commercial, consumer, and retail sectors with significant annual growth.

As of now, neobank boasts over 20 million users, solidifying its position as a preferred bank among the public, evidenced by consistent monthly transaction growth (MTU) throughout the first half of 2023.

Technology and Services of neobank

As a bank offering digital banking services, neobank enhances its performance by collaborating with various technology service providers such as Huawei, Sunline, and Tencent Cloud, ensuring the delivery of digital services with maximum security.

neobank Products

• NOW Savings: A digital savings account with high interest credited daily.
• WOW Deposits: Fixed-term deposits offering attractive interest rates.
• Neo Loan: Loan services with competitive interest rates.
• Neo Business: Banking solutions tailored for businesses.
• Neo Wish: A feature to help users achieve their financial goals.
• Neo Gold: Investment services in gold.
• Bills & Top-Up: Services for bill payments and top-ups.
• QRIS: QR code-based payment services.
• Virtual Account: Virtual account services for various transactions.
• SocialFi: A social finance feature integrating social interactions with financial services.

Achievements of Bank Neo Commerce (neobank)

Bank Neo Commerce has received recognition from various entities, including Forbes in the Forbes World’s Best Banks 2023, ranking neobank 9th in the World's Best Banks list in April 2023. Additionally, BNC received awards in the CNBC Indonesia Best Bank of the Year 2023, highlighting the KBMI I category.

Furthermore, neobank has earned other accolades such as:

• The Best Issuer ATM Bersama by ATM Bersama in 2023
• Best Digital Finance for User-Friendly Appearance and Interesting Features in Banking Transaction KBMI 1 from Warta Ekonomi in 2023
• Most Active Bank in Financial Literacy Activities in the KBMI 1 category by the Indonesia Deposit Insurance Corporation (LPS) in 2023
• Digital Pure Category for Customer Dimension by Investortrust in 2023
• Highest BI-FAST Member Transaction by ALTO Network in 2023
• 3rd Place in the Digital Bank Services Category by Media Asuransi in 2023

Additionally, in 2024, neobank received appreciation at the 7th Infobank Satisfaction, Loyalty, and Engagement 2024 event, based on a survey by Marketing Research Indonesia (MRI), in categories including:

• Top Rank Digital Bank in Satisfaction, Loyalty, & Engagement 2024
• The Best Digital Bank in Brand Interactivity
• The Best Digital Bank in Customer Loyalty
• The Strongest Customer Engagement Digital Bank
• The Best Digital Bank in Marketing Engagement

neobank also achieved The 2nd Most Satisfying Digital Bank in Mobile Banking, The 3rd Best Digital Bank in Satisfaction Index, and The 3rd Most Satisfying Digital Bank in Services at the same event.

To date, neobank remains committed to enhancing its offerings for individuals, corporations, and micro, small, and medium enterprises (MSMEs), further solidifying its role as a leading digital banking service provider in Indonesia.

Download the neobank application on PlayStore dan App Store now!

For complete information and terms & conditions regarding neobank products, click the following links:

- NOW Savings: https://bit.ly/EdNOW

- WOW Time Deposit: https://bit.ly/EdWebDepositoWOW

- FLEXI Time Deposit: https://bit.ly/EdWebFLEXI

- Mutual Funds: https://bit.ly/EduWebReksaDana

- Bills: https://bit.ly/EduWebPPOB

- Neo Loan: https://bit.ly/EduWebNeoPinjam

If you want to try neobank products, click the links below:

- NOW Savings: https://bit.ly/EdNabungNOW

- WOW Time Deposit: https://bit.ly/DepositoWOWEdu

- FLEXI Time Deposit: https://bit.ly/EduDepositoFLEXI

- Mutual Funds: https://bit.ly/EdReksaDana

- Bills: https://bit.ly/EduTagihanTopUp

- Neo Loan: https://bit.ly/EduNeoPinjam

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PT Bank Neo Commerce Tbk is licensed and supervised by the Indonesia Financial Service Authority (OJK) and Bank Indonesia (BI), and an insured member of Deposit Insurance Corporation (LPS).