Indosat Ooredoo Hutchison (IOH) and Bank Saqu have formed a partnership to enhance digital financial inclusion in Indonesia.

This collaboration will integrate Bank Saqu’s services into IOH’s mobile applications – MyIM3 and Bima+ – allowing users easier access to banking solutions.

Bank Saqu – operated by Bank Jasa Jakarta and backed by Astra Financial and WeLab – aims to reach underbanked and unbanked populations through IOH’s customer base.

The partnership also targets solopreneurs, who represent 40% of Bank Saqu’s clients, by providing tailored digital financial tools.

A notable feature of this partnership is “Tabung Matic,” an automatic savings tool that rounds up daily transactions.

It stores the spare change in a rewards pocket called Saku Booster. Users can earn interest rates of up to 10% per year through this savings feature, subject to terms and conditions.

Approximately 80% of Indonesia’s population is underbanked or unbanked, especially in rural areas with limited internet access.