PT Bank MNC Internasional Tbk (“BABP” or “MNC Bank”), a subsidiary of PT MNC Kapital Indonesia Tbk (“BCAP” or “MNC Kapital”), launched its digital banking application under the name MotionBanking. This ceremony was carried out 10 days after the Financial Services Authority (OJK) granted a digital onboarding licence.
On the same occasion, PT MNC Teknologi Nusantara (“MTN”) re-branded its e-money, e-wallet, and digital remittance app, SPIN, to become MotionPay.
"Today, we are launching MotionBanking as a digital banking service from MNC Bank and rebranding SPIN e-money as MotionPay," said MNC Group Executive Chairman Hary Tanoesoedibjo at the launch of MotionBanking and rebranding MotionPay at the Jakarta Concert Hall, iNews Tower, Jakarta, on Thursday (3/6/2021).
Hary underscored MNC Group's unwavering commitment to digital development. MNC Group currently employs over 350 technology developers and has offices in Jakarta, Bandung, and India.
Apart from the launch of MotionBanking and MotionPay rebranding, in this press conference, MNC Bank and MTN also signed agreements with MNC Group’s media arm as well as third parties to create further synergies. The agreements indicate MNC Bank's seriousness in developing MotionBanking as the center of MNC Financial Services growth.