Indonesian e-commerce firm Bukalapak’s fintech joint venture company BMoney has launched stocks trading feature and special programs for the premium user segment “BMoney Privilege” in collaboration with securities company CGS-CIMB Sekuritas Indonesia.
BMoney said in a statement on Tuesday through the share feature, BMoney users can buy and sell shares of various issuers in the country easily and safely.
This collaboration is the first collaboration between a technology platform and a security company in Indonesia.
According to the statement, BMoney Privilege is an investor priority program that can be enjoyed by premium BMoney users to transact various BMoney products digitally.
The program came with the support of experienced marketers and access to various additional features that can better meet the investment needs of users of this service, as well as providing inclusive investment experience to all Indonesians with various investment goals through appropriate products.
“By combining CGS-CIMB Sekuritas Indonesia’s experience
and expertise with the robustness of the BMoney technology platform in facilitating the investment needs of its users, we see this partnership as a strategic step in encouraging appropriate and safe stock investment habits in Indonesia,
“From here, national economic growth can also be positively affected,” said Lim Kim Siah, President Director of PT CGS-CIMB Sekuritas Indonesia.
Through the BMoney Privilege, BMoney provides an easy investment experience to help investors in developing their assets.
BMoney Privilege will give its users access to portfolios, real-time data insights and the latest news about the stock market, support from marketers, opportunities to expand
the network, as well as investment options consisting of choices of mutual funds from various asset classes.
“Buka Investasi Bersama as part of Bukalapak carries the same spirit that we have carried so far, which is to provide equal opportunities for everyone through the power of technology, including the opportunity to invest easily and safely,
“BMoney from BIB is our platform to realize this passion and mission,” said Victor Lesmana, Chief Executive Officer of BukaFinancial & Commerce.
Through the presence of the Shares and BMoney Privilege features, he said BMoney can provide inclusive services for more Indonesians who have various investment needs.
“This is also part of BMoney’s goal to assist the public in finding investment product choices that are safe and catering to to their needs,” he added.
Dhinda Arisyiya, Chief Operating Officer of PT Buka Investasi Bersama, conveyed the launch of the Shares and BMoney Privilege features as a form of BMoney’s commitment to expanding its support for investors with ever-increasing needs.
“BMoney has successfully served nearly one million investors since its launch in 2020 with a total managed fund of more than 1 trillion Rupiah where the managed fund has experienced a triple digit increase throughout 2022,
“Departing from this growth, we want to expand our services in facilitating many more investment needs of the community,” she said.
Cited data from IDX until the end of December 2022, she said the number of domestic investors in the Indonesian capital market grew significantly during 2022 to reach 10 million single investor identification (SID) and the number of stock investors was 4 million SID registered in Indonesia.
“Referring to these data and our internal data, we see high interest in stock investment, especially among non-investors and the potential is still very large in increasing the penetration of stock investors in the country,
“Therefore, we have designed the share transaction feature at BMoney to accommodate user needs and increase healthy investment habits for users in achieving their financial goals”, she added.
BMoney is an online investment application owned by Buka Investasi Bersama, a financial technology company in collaboration with Bukalapak and Ashmore Asset Management Indonesia.
CGS-CIMB Sekuritas Indonesia is a securities company that has been operating since 1990 and one of the top three brokers based on market share data in Indonesia as of January 2023.
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