Jakarta, 23 August 2023 – Committed in encouraging young indonesians to become #FinanciallyFit, Bank OCBC NISP officially launched Tabungan Emas, a Sharia-compliant product and service that enabling customers to invest in gold digitally through the ONe Mobile application. In collaboration with Pegadaian, Bank OCBC NISP is the first digital gold savings bank in Indonesia.
The OCBC NISP Financial Fitness Index (FFI) 2023 shows that Indonesia's financial fitness score is 41.16 out of 100 - meaning that there is still room for improvement for the younger generation to increase the score. FFI 2023 also reveals that currently only 33% of them are knowledgeable about digital gold savings products. In fact, the results of research show that those who are familiar with the product provisions and benefits of online gold savings in detail tend to have a better financial fitness score than those who do not understand.
In response to the research, Amir Widjaya, EVP Marketing and Lifestyle Business Division Head Bank OCBC NISP, stated that Bank OCBC NISP is committed to support young Indonesian in becoming #FinanciallyFit so that they can enjoy today's lifestyle. Bank OCBC NISP implements it by providing a variety of investment products and services, including Tabungan Emas.
"We believe that young Indonesians have the potential to be trendsetters in achieving financial freedom, which would allow them to be more independent in pursuing their life goals," added Amir.
Tabungan Emas offers various benefits for customers - Easy; because customers can invest in digital gold directly through the ONe Mobile Application without the need to download other applications or visit branches. Quick, because the customer's purchase of gold is immediately reflected in the Gold Balance. Tabungan Emas digital is also convenient because customers do not have to worry about storing gold bars at home, as their gold savings is 100% guaranteed and safely stored at Pegadaian. Customers can also redeem physical gold by visiting a Sharia Pegadaian branch of their choice.
Another advantage of Tabungan Emas as a safe haven asset and an affordable investment gave an option to the customer that willing to buy and sell gold balance starting from Rp. 10.000,- easy and safe. Furthermore, gold is a historically stable and valuable asset, with a tendency to increase in value over time. This makes Tabungan Emas a potentially profitable investment for customers who are willing to invest in the medium to long term.
"Having the same vision as Bank OCBC NISP, to increase financial inclusion in Indonesia, we welcome the collaboration in providing the Gold Savings feature in the ONe Mobile application. We hope that through this collaboration, we can educate public about the importance of gold investment from an early age, as it is one of the 10 largest investment instruments in terms of commodities and is an investment instrument that has proven its resilience to the 2008 crisis, the 2018 crisis, and even in 2020 when the pandemic occurred,” said PT Pegadaian Senior Executive Vice President Transformation Office, Sahat P. Pangaribuan.
All Bank OCBC NISP customers can access Tabungan Emas through the ONe Mobile application. To start saving, customers must first register for the product on the "Buy" menu. Once registered, customers can purchase gold by selecting the "Investment" menu and then clicking "Gold Savings". Customers can purchase gold using either their savings or checking account.
Mahendra Koesumawardhana, Head of Bank OCBC NISP's Sharia Business Unit, concluded "Tabungan Emas is a Sharia-compliant investment product that offers a halal investment option for people to diversify their investments. Together with Pegadaian, Bank OCBC NISP is optimistic in presenting Tabungan Emas as an easy, safe, and affordable investment product and service."
Overview of Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. As of 30 June 2023, Bank OCBC NISP serves customers through 199 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 491 ATM, more than 90,000 ATM networks in Indonesia, and connected to more than 600 OCBC Group ATM networks in Singapore and Malaysia. Bank OCBC NISP also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. Bank OCBC NISP is one of the banks with the highest credit ratings in Indonesia, namely AAA(idn)/stable from PT Fitch Ratings Indonesia.
Event - 30 Nov 2023