Bank INA, Indodax Integrate Banking and Digital Asset Services
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- PT Bank Ina Perdana Tbk and PT Indodax Nasional Indonesia have partnered to integrate banking and digital asset services.
- The collaboration allows Indodax users to access digital savings accounts via Bank INA's Binadigital service and apply for a co-branded card.
- This initiative aims to provide users with more convenient transaction options, combining digital asset services with traditional banking.
PT Bank Ina Perdana Tbk and PT Indodax Nasional Indonesia are joining forces to bridge the gap between traditional banking and the burgeoning digital asset ecosystem. This strategic partnership introduces a digital savings account service, Binadigital, accessible to Indodax users who meet specific criteria.
Furthermore, users can apply for a co-branded Bank INA x Indodax card, designed to facilitate everyday transactions. William Sutanto, CEO of Indodax, highlighted that this collaboration expands service options for users engaged in both digital asset and banking services. He expressed hope that the partnership would offer a more practical transaction experience while leveraging Bank INA's offerings.
Yulius Purnama Junaedi, Deputy President Director of Bank INA, stated that the collaboration aligns banking services with the diverse financial needs of users. As part of the Salim Group, Bank INA is committed to innovating inclusive digital banking solutions. He believes this synergy will enhance convenience and security for individuals managing both savings and digital investments concurrently.
The program allows users to open a digital savings account with Bank INA through Binadigital and apply for the co-branded card, subject to terms and conditions. Savings balances will earn interest according to Bank INA's policies. Additionally, Indodax is offering a reward program providing crypto assets equivalent to 2% annually on the savings balance. The value of these crypto assets will fluctuate with market conditions.
Both entities emphasize the importance of understanding risks, transaction security, and product information clarity. Indodax affirms its continued focus on education, literacy, and transparent information dissemination as it develops these integrated services.
Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.