Facebook & Twitter Runway Public Access to Banking

BALI - The high population of users of social networks like Facebook and Twitter in Indonesia is expected to increase access to banking, especially in communities that had not yet touched the bank.

"The application of technology and e-commerce and oppurtinity can increase payment, because Indonesia is the fourth largest user in the world of Twitter and Facebook (largest) second. This means that people's desire for greater technology. Convergence in the banking sector is inevitable," said Director Bank Mandiri Mansury financial reward when met at the event Media Training Bank Mandiri, the Pullman Hotel, Bali on Friday (21/10/2011).

With the large number of users of Facebook and Twitter, according to Pahala, will be able to improve public access to the banking community, especially in the population pyramid in the lower level.

"Bottom of the pyramid becomes an important source of growth because the growth sectors of the lowest and lower in Indonesia it reached 22-24 percent, this figure is huge," he continued.

Transactions through mobile banking, according to bank the red plate is also more dominant than the transaction through a branch office of Bank Mandiri. "Development of infrastructure to use mobile banking is also more efficient, open investment branch with ATM as well. Opening a new branch is expected to reach Rp 1 trillion, if you invest through an ATM, with the best quality of most funds are only approximately Rp250 million," he concluded.

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