MANDIRI HIGHLIGHT

Jakarta, 14 January 2019 - Through a collaborative venture with Shopee, the leading e-commerce company in Southeast Asia and Taiwan, Bank Mandiri has launched the Official Mandiri e-store, which offers a wide range of the company's e-money cards. The new venture was inaugurated by Bank Mandiri's SEVP Consumer and Transaction Banking, Jasmin, and Shopee Indonesia’s Director, Handhika Jahja, at the Shopee offices in Jakarta on Monday (Jan 14).

According to Jasmin, the decision to forge collaboration with online players is based on current shopping trends, with the bulk of shopping transactions now being conducted online. As evidence of this, the value of online digital-platform transactions conducted through Bank Mandiri last year soared to Rp 24 trillion, up 400% compared with 2017.

"With Shopee's rapid growth to become one of the most visited online shopping sites, we believe that this collaboration will make it easier for people who wish to buy Mandiri e-money cards or even collect the various special edition cards that have been issued,” Jasmin said.

Even though purchased online, Jasmin said, Bank Mandiri guaranteed the authenticity of all e-money products sold so that they could be directly used for conducting various daily transactions, such as making toll-road payments, purchasing of TransJakarta tickets, paying parking fees, and making purchases at minimarts.

As a national financial-sector player, she said, Bank Mandiri hopes that Mandiri e-store will not just be the first official e-store owned by a bank in Indonesia but that it will also help strengthen the penetration of e-money in society so as to accelerate the rolling out of the national cashless movement that is being promoted by the Government and Bank Indonesia.

Meanwhile Shopee Indonesia’s Director, Handhika Jahja, commented: “Shopee, as a leading e-commerce company, is committed to listening to the input we receive from our users as regards innovation, including working with well-known partners so as to enhance the range of products on offer. Shopee is very happy to partner with Bank Mandiri so as to expand access to the bank’s e-money products.”

As of the end of December 2018, Bank Mandiri had issued some 16.4 million cards, which are accepted at more than 45 thousand merchants and 60 thousand top-up locations across the country. To date, a range of special edition Mandiri e-money cards have been issued, including the 2018 Asian Games, Marvel Avengers, Star Wars and Disney Tsum Tsum editions.

Mandiri e-money transaction frequency in January-December 2018 amounted to 1.1 billion transactions worth some Rp 13.4 trillion. The highest transaction frequency was recorded in the transportation sector (94%). This was dominated by road-toll payments on expressways such as Trans Java, Bali Mandara, Medan-Kualanamu and Ujungpandang sections 1 and 2.

About PT Bank Mandiri (Persero) Tbk

Bank Mandiri is a leading Indonesian bank that provides integrated financial services in the Corporate, Commercial, SME, Micro, Consumer Banking and Treasury segments. The Bank’s core business is supported by its subsidiaries, namely, Mandiri Sekuritas (capital market services), Bank Syariah Mandiri (shariah banking), Bank Mandiri Taspen/Mantap (MSME banking services), AXA-Mandiri Financial Services (life insurance), Mandiri InHealth (health insurance), Mandiri Axa General Insurance (general insurance), Mandiri Tunas Finance (finance services), Mandiri Utama Finance (finance services), Mandiri International Remittance (remittance services), Mandiri Europe (treasury & financial institutions), and Mandiri Capital Indonesia (venture capital).

As of the end of September 2018, Bank Mandiri had a total of 4,607 outlets throughout Indonesia, consisting of 2,632 branches and 1,975 micro outlets. The Bank’s distribution network also comprised 17,391 ATMs connected to the ATM Link, ATM Bersama, ATM Prima dan Visa/Plus networks, 235,671 Electronic Data Capture (EDC) terminals and an e-banking network consisting of Mandiri Online, SMS Banking, and Call Center 14.000.

More detailed information on Bank Mandiri may be accessed at www.bankmandiri.co.id

About Shopee

Shopee is a leading e-commerce company in Southeast Asia and Taiwan that is specifically tailored to the needs of the Southeast Asian market, providing an easy, safe and flexible online shopping experience for customers through strong payment and logistical-support systems.

Shopee is committed to continually improving the quality of its platform so as to become the e-commerce destination of choice in the region. Shopee offers a wide selection of product categories, including electronics, home appliances, personal & health care, babies & children, fashion and sports equipment.

Shopee, a part of the Sea Company, was launched in Singapore in 2015, and since then has expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines. Sea is a leader in the digital entertainment, e-commerce and digital finance industries in Greater Southeast Asia. Sea's mission is to make life better for consumers and small businesses through technology. Sea is listed on the NYSE with the ticker SE.

For more information, please contact: