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20231023_BCAP_Laporan Informasi dan Fakta Material_31470717_lamp1.pdf
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MNC Kapital and Bank Rakyat
Partnering to Enhance Banking Transaction Services
for Indonesian Migrant Workers
Jakarta, October 21, 2023 – Today, PT MNC Kapital Indonesia Tbk (IDX: BCAP) and Bank Kerjasama
Rakyat Malaysia Berhad (Bank Rakyat) have agreed on a significant collaboration to provide Islamic
financing facilities as well as banking and remittance services to Indonesian Migrant Workers (IMW) in
Malaysia.
The Memorandum of Understanding was signed by the President Director of PT MNC Kapital Indonesia
Tbk, Yudi Hamka and Chief Executive Officer of Bank Rakyat, Dato’ Dr. Mohammad Hanis Osman,
witnessed by Minister of Entrepreneur Development and Cooperatives of Malaysia, Datuk Ewon
Benedick; Minister of Cooperatives and SMEs of the Republic of Indonesia, Drs. Teten Masduki; Acting
Chairman of Bank Rakyat, Datuk Mohd Irwan Mohd Mubarak together with Executive Chairman of MNC
Group, Hary Tanoesoedibjo; in the presence of Ambassador of Malaysia to the Republic of Indonesia,
His Excellency Dato' Syed Mohamad Hasrin Tengku Hussin.
This collaboration establishes banking and remittance services for IMW to obtain sharia financing
before going abroad, as capital for administration procedures before departure, and to provide funds for
the family back at home country. Bank Rakyat will act as a banking services partner for IMW in Malaysia
to perform automatic deduction from the salaries received while working in Malaysia, directly to
MotionBank accounts, the digital banking application owned by MNC Kapital.
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This partnership also facilitates cross-border transfers and various online transaction facilities for the
convenience of IMW and their families in the home country. Furthermore, this service can be used by
IMW to make claims for Employment Social Security.
Datuk Ewon Benedick:
“ The strategic collaboration between these two countries coincides with the agenda at the
ASEAN level (ASEAN Madani) through the concept of Malaysia Madani initiated by Malaysia’s
Prime Minister, Yang Amat Berhormat Dato' Seri Anwar Ibrahim, specifically in terms of (1)
Establishing strategic arrangements; (2) Facilitating the movement of human capital; and (3)
Supporting the growth of Malaysian businesses in regional markets. This collaboration is
indirectly able to have a positive impact in (1) Ensuring that IMW enters Malaysia legally in
accordance to laws of both countries; (2) Safeguarding the security and protection of IMW’s
rights with regard to banking services while in Malaysia; (3) Increasing the supply of IMW,
especially in the construction sector, which is anticipated to support Malaysia's economic
growth; and (4) Strengthening bilateral relations between the two countries.
”
Datuk Mohd Irwan Mohd Mubarak:
“ Through this partnership, Bank Rakyat is providing the savings account opening service as a
platform for salary payments as well as allowing IMW to take advantage of digital and cross-
border banking facilities such as payments and fund transfers or remittances to their families in
homeland effortlessly and swiftly. Additionally, the prospective IMW who obtained sharia
financing from MNC Kapital will be able to access Bank Rakyat's banking services while in
Malaysia. For this initiative, IMW may make repayment of financing by automatic deduction
through their savings account with Bank Rakyat .
”
Dato’ Dr. Mohammad Hanis Osman:
“ The Bank will also look at opportunities for digital banking cooperation with MotionBank to
further bolster Bank Rakyat's efforts in strengthening digital banking offers to customers in both
countries moving forward.
”
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Hary Tanoesoedibjo:
“ We are very enthusiastic about the strategic partnership with Bank Rakyat. Besides
strengthening the ties between Indonesia and Malaysia in providing the best services to IMW,
this collaboration also marks a pivotal moment for MNC Group as we expand our business
internationally. I believe that MNC Kapital’s expertise in digital financial services will bring
significant value to Bank Rakyat and vice versa. It is not limited to banking services but also
opening up financing options for potential IMW before their departure. This is crucial because
many prospective workers fail to migrate due to financial constraints for training, passport
issuance, medical check-ups, tickets, etc. Today marks the beginning of both parties’ goodwill
to build robust digital financial infrastructure for Indonesia and Malaysia.
”
Yudi Hamka:
“ The collaboration between MNC Kapital and Bank Rakyat will support IMW’s financial activities.
According to data from the Indonesian Migrant Worker Protection Agency in June 2023, nearly
136 thousand workers have been deployed this year, with more than 38 thousand workers
placed in Malaysia. Apart from achieving growth in user acquisition and transaction volume, it is
an honor for MNC Kapital to play a part in enhancing their banking and funding experience
through various Motion brand solutions, including MotionBank, to serve as end-to-end financial
solutions for these foreign exchange heroes.
”
About PT MNC Kapital Indonesia Tbk
MNC Kapital was founded in 1999 and conducted its initial public offering in 2001 under the stock
code BCAP. MNC Kapital provides comprehensive financial services, including banking, financing,
securities, insurance, asset management, financial technology, and payment gateway.
MNC Kapital focuses on accelerating its business development by enhancing synergy and integration
within the MNC Group ecosystem, expanding partnerships with third parties.
MNC Kapital consolidates transaction-based financial services under its newly formed subsidiary,
PT Motion Digital Technology (Motion Digital), which includes MNC Bank with the MotionBank
application, MNC Sekuritas with the MotionTrade application, MNC Teknologi Nusantara with the
MotionPay application, and the Flash Mobile payment gateway. Additionally, MNC Kapital continues to
accelerate various digital innovations under the "Motion" brand, including digital financing and
insurance applications, towards becoming the most integrated digital financial service provider in
Indonesia.
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About Bank Kerjasama Rakyat Malaysia Berhad
Bank Rakyat was established on 28 September 1954 under the Cooperative Ordinance 1948 (known
as the Cooperative Societies Act 1993). Today, Bank Rakyat is the biggest Islamic cooperative bank
in Malaysia with assets totalling RM117.33 billion as of the end of December 2022.
As an agency of the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), we are
committed to supporting the mission of the Ministry to consolidate the cooperative sector as the
mainstay of economic growth of the nation via all the efforts and steps that we have arranged.
To date, we have 148 branches with more than 989 automated teller machines (ATMs) and cash
deposit machines (CDM) as well as 127 Ar-Rahnu X'Change nationwide. Bank Rakyat also operates a
Contact Centre that can be reached at 1-300-80-5454 and iRakyat internet banking at
www.irakyat.com.my.
For further information, please contact:
Natassha Yunita Bank Rakyat Media Contact
Head of Investor Relations
natassha.yunita@mncgroup.com Aznur 'Atiqah Maryam Aziz
ir.bcap@mncgroup.com Mobile: +6017 380 1205
aznur.atiqah.maryam@bankrakyat.com.my
PT MNC Kapital Indonesia Tbk
MNC Bank Tower, 21/F, MNC Center
Jl. Kebon Sirih Kav 21-27, Menteng
Central Jakarta 10340, Indonesia
Phone : +6221 2970 9700
www.mncfinancialservices.com
DISCLAIMER
By accepting this Press Release, you agree to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a
violation of applicable securities laws.
The information and opinions contained in this Press Release have not been independently verified, and no representation or warranty, expressed or
implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions
contained herein. It is not the intention to provide, and you may not rely on this Press Release as providing, a complete or comprehensive analysis of
the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of The Company or its subsidiaries.
The information and opinions contained in this Press Release are provided as at the date of this presentation and are subject to change without notice.
Neither The Company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates,
advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or
any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this Press Release.
In addition, the information contained in this Press Release contains projections and forward-looking statements that reflect The Company's current
views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are
subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many
cases are outside the control of The Company and its directors. No assurance can be given that future events will occur, that projections will be
achieved, or that The Company's assumptions are correct. Actual results may differ materially from those forecasts and projected.
This Press Release is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities
and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto.
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