Simpeda Savings Balance Hits Rp75 Trillion; BPDs Urged to Boost Digital Services

The national Simpeda savings program, managed by Indonesia's regional development banks (BPD), has achieved a significant milestone, with its total balance reaching Rp75 trillion. This accomplishment underscores the substantial trust placed in BPDs by the Indonesian public.

Agus Haryoto Widodo, Chairman of the Association of Regional Development Banks (Asbanda), highlighted the importance of this achievement during the national Simpeda prize drawing event. He emphasized that the Rp75 trillion balance reflects not just financial growth but, more importantly, the deep trust of the community members who are Simpeda savers. These funds are then channeled back into the community through financing for micro, small, and medium enterprises (MSMEs) and other businesses.

To adapt to changing consumer behaviors and transaction needs, Asbanda is pushing for its 27 member BPDs to strengthen their digital services. Agus stated the goal is to make Simpeda more integrated into daily life, facilitating everyday transactions such as payments, shopping, transfers, and other digital activities. This transformation requires BPDs to innovate, expand digital services, grow their merchant networks, and enhance their payment ecosystems.

While embracing modernity and digitalization, Agus stressed that BPDs must not lose their core strength: being close to the community. The Simpeda program aims to be increasingly modern, digital, and easy to use, yet it must retain its accessibility and connection to the people it serves. The national drawing event also celebrated winners, with the main prize of Rp500 million going to a Bank Kalbar customer, and other substantial prizes awarded to customers from various BPDs.