UCan, Secure and Instant Digital Loan from Indosat Ooredoo Hutchison and QNB Indonesia
19 January 2022 – Today, Indosat Ooredoo Hutchison and PT Bank QNB Indonesia Tbk announced the partnership and the launch of their new product UCan, that can be accessed through Indosat Ooredoo Hutchison ecosystem, myIM3 application. This product comes with a reliable solution and secure instant credit service, as well as an easy on-boarding process and instant verification that can be seen directly in the application.
UCan offers two main features, which include Cash Withdrawal and Instalment. Cash Withdrawal is a cash withdrawing feature which can be transferred customer bank account. The payment of Cash Withdrawal can be made in instalments with various tenure options that can be adjusted to your needs. Meanwhile, Instalments feature can be used to purchase Indosat Ooredoo Hutchison's data package product that is available exclusively for UCan users. Payment method for the UCan exclusive package includes an installment plan ranging from 3 to 6 months installment, wherebuy the customer is required to pay a down payment in advance for the first payment.
Vikram Sinha – President Director and CEO of Indosat Ooredoo Hutchison says, “Indosat Ooredoo Hutchison is committed to support Indonesia’s economy through the launch of our various innovative services that are in line with current customer needs, especially in telecommunication and digital services. Today, we launched a safe and credible digital online loan platform that can be used by Indosat Ooredoo Hutchison’s users through myIM3 application, collaborating with QNB Indonesia as a financial institution that is trusted to make our customers feel safe in using UCan. This service is not only available for individuals, but also for Small and Medium Businesses (SMEs) so that it can help survive and also increase their business scale.”
Through this collaboration, Indosat Ooredoo Hutchison and PT Bank QNB Indonesia Tbk aim to provide flexible and secure digital loan products for customers and are keen to support the government's financial inclusion program.
“QNB Indonesia is committed to provide comprehensive financial solutions to its customers. We have served the market for over a century, offering a wide range of products and services to large corporate, commercial sectors, and mass affluent markets as well as providing loans to the country’s productive sector,” said Geoffry Nugraha, Acting President Director of PT Bank QNB Indonesia Tbk. “Now, through the strategic partnership with Indosat Ooredoo Hutchison and the launch of UCan, the Bank aims to penetrate the unbanked and underbanked segment, including the Micro, Small and Medium Enterprises, supporting them in having easier access to financial solutions. This is in line with our commitment to support the government's financial inclusion program and we are proud to achieve such milestone.”
During the initial launch, new eligible UCan users can enjoy the following special promotion which valid until 28 February 2022:
- Application reward where new UCan users obtain higher credit limit
- First Cash Withdrawal reward of bonus data up to 100GB
- Cash Prize for Cash Withdrawal program, where the first 20 Cash Withdrawal customers can get between IDR 500,000 to IDR 7 million in cash prizes.
“With the launch of UCan, hopefully we can help our customers through an instant solution so that they can secure their emergency funds, save up for their dream house, or even elevate their life to the next level with no worry,” concluded Vikram.
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About Indosat Ooredoo Hutchison
Indosat Ooredoo Hutchison (IDX: ISAT)’s vision is to become the most preferred digital telco of Indonesia. Through its world-class digital telecoms services and preeminent network, Indosat Ooredoo Hutchison strives to connect and empower every Indonesian. Jointly controlled by Ooredoo Group and CK Hutchison, Indosat Ooredoo Hutchison was formed through the merger of PT Indosat Tbk and PT Hutchison 3 Indonesia in 2021.
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About QNB Indonesia
PT Bank QNB Indonesia Tbk was established in Medan in 1913 under the name NV Chunghwa Shangyeh Maatschappij and later in 1965 known as PT Bank Kesawan. In 2011, the Bank strengthened its capital structure through the rights issue that made QNB Group as the controlling shareholder and changed its name to PT Bank QNB Kesawan Tbk and later in 2014 PT Bank QNB Indonesia Tbk. As part of the QNB Group, QNB Indonesia becomes one of the leading international banks in Indonesia which offers a wide range of innovative products and services to corporate and mass affluent retail segment. QNB Indonesia successfully maintained credit rating AAA (idn) with stable outlook from Fitch Ratings Indonesia.
About QNB Group
QNB Group is the largest bank in the Middle East and Africa. QNB Group operates in more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of more than 4,500 machines.
Disclaimer
This document may contain certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of Indosat Ooredoo Hutchison, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward-looking statements are subject to risks and uncertainties that may cause actual events and Indosat Ooredoo Hutchison’s future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by Indosat Ooredoo Hutchison, or indicated by any such forward-looking statements, will be achieved.
