BMoney Launches Stocks Trading Feature and Special Programs for the Premium User Segment

JAKARTA, Indonesia, May 16, 2023 /PRNewswire/ -- In line with the investor growth target set by the Indonesia Stock Exchange (IDX) in 2023, namely 13.5 million investors, and with the same passion for developing the Indonesian Capital Market, PT CGS-CIMB Sekuritas Indonesia continues to consistently introduce and increasing public literacy and inclusion in the capital market with sufficient investment products for the younger generation who are familiar with technology, namely stock investment. As a form of this commitment, particularly in reaching retail investors, PT CGS-CIMB Sekuritas Indonesia has again launched a new breakthrough in the world of capital markets which is in line with the program from the Indonesian Stock Exchange (IDX), namely "Synergy for Sustainability and Beyond" in collaboration with BMoney.

BMoney, an online investment application owned by Buka Investasi Bersama, a financial technology company in collaboration with Bukalapak and Ashmore Asset Management Indonesia, in collaboration with well-known securities company CGS-CIMB Sekuritas Indonesia, launched a share feature and a special program for the premium user segment called BMoney Privilege. Through the share feature, BMoney users can buy and sell shares of various issuers in the country easily and safely. This collaboration is the first collaboration between a technology platform and a security company in Indonesia.

CGS-CIMB Sekuritas Indonesia itself is a securities company that has been operating since 1990 and one of the top 3 brokers based on market share data in Indonesia as of January 2023.

Meanwhile, BMoney Privilege is an investor priority program that can be enjoyed by premium BMoney users to transact various BMoney products digitally with the support of experienced marketers and access to various additional features that can better meet the investment needs of users of this service, as well as providing inclusive investment experience to all Indonesians with various investment goals through appropriate products.

As a partner of BMoney in launching the stock trading feature, CGS-CIMB Sekuritas Indonesia welcomes this collaboration because it is an opportunity for CGS-CIMB Sekuritas Indonesia to support the enthusiasm for stock investment in the country while at the same time contributing to the dynamics of investment in Indonesia. "By combining CGS-CIMB Sekuritas Indonesia's experience and expertise with the robustness of the BMoney technology platform in facilitating the investment needs of its users, we see this partnership as a strategic step in encouraging appropriate and safe stock investment habits in Indonesia. From here, national economic growth can also be positively affected, of course," said Lim Kim Siah, President Director of PT CGS-CIMB Sekuritas Indonesia.

"Buka Investasi Bersama as part of Bukalapak carries the same spirit that we have carried so far, which is to provide equal opportunities for everyone through the power of technology, including the opportunity to invest easily and safely. BMoney from BIB is our platform to realize this passion and mission. Through the presence of the Shares and BMoney Privilege features, BMoney can provide inclusive services for more Indonesians who have various investment needs. This is also part of BMoney's goal to assist the public in finding investment product choices that are safe and catering to to their needs," said Victor Lesmana, CEO of BukaFinancial & Commerce at the Press Conference: Launch of BMoney Shares (16/5). 

On the same occasion, Dhinda Arisyiya, COO of PT Buka Investasi Bersama, conveyed the launch of the Shares and BMoney Privilege features as a form of BMoney's commitment to expanding its support for investors with ever-increasing needs. "BMoney has successfully served nearly one million investors since its launch in 2020 with a total managed fund of more than 1 trillion Rupiah where the managed fund has experienced a triple digit increase throughout 2022. Departing from this growth, we want to expand our services in facilitating many more investment needs of the community. Based on data from IDX until the end of December 2022, it was recorded that the number of domestic investors in the Indonesian capital market grew significantly during 2022 to reach 10 million single investor identification (SID) and the number of stock investors was 4 million SID registered in Indonesia. Referring to these data and our internal data, we see high interest in stock investment, especially among non-investors and the potential is still very large in increasing the penetration of stock investors in the country. Therefore, we have designed the share transaction feature at BMoney to accommodate user needs and increase healthy investment habits for users in achieving their financial goals", she said.

Through the BMoney Privilege, BMoney provides an easy investment experience to help investors in developing their assets. BMoney Privilege will give its users access to portfolios, real-time data insights and the latest news about the stock market, support from marketers, opportunities to expand the network, as well as investment options consisting of choices of Mutual Funds from various asset classes.

For more information about the Shares feature in BMoney and BMoney Privilege, visit bmoney.id. Also follow BMoney Instagram (@bmoney.id) to get the latest news about BMoney.

For seamless investment experience with BMoney, download BMoney app.

About Buka Investasi Bersama

PT Buka Investasi Bersama ("BIB"), which is a financial technology company in collaboration with PT Bukalapak.com Tbk ("Bukalapak") and PT Ashmore Asset Management Indonesia Tbk ("Ashmore"), was established on June 12 2019 and registered with the Indonesian Financial Services Authority. Finance ("OJK"(with license number Mutual Funds Selling Agent ("APERD") KEP-9/PM.21/2020 and Level II Securities Brokerage Marketing Partner ("PPE Level II Partner") 03/D.04/ STTD/MPPPE/2022 is registered and supervised by the Financial Services Authority (OJK).

This is based on our understanding while providing financial products, especially investment products, since 2017, that investment and financial services play an important role in creating a better life for every individual.

For more information about Buka Investasi Bersama, visit BMoney website.

About PT CGS-CIMB Sekuritas Indonesia

PT CGS-CIMB Sekuritas Indonesia (formerly known as PT CIMB Sekuritas Indonesia) is a company formed by a Joint Venture ("JV") between China Galaxy International Financial Limited, a wholly-owned subsidiary of China Galaxy Securities Co.,Ltd ("CGS ") with CIMB Group Sdn Bhd ("CIMB").

With this Joint Venture, we are currently in a strategic position to tap into the extensive network of two shareholders, namely CGS and CIMB. Where this is expected to strengthen the foundation of our business network which is spread through branch offices and partners in more than 20 countries and branch offices in Indonesia located in 9 major cities in meeting the investment needs of retail customers.

PT CGS-CIMB Sekuritas Indonesia, which has received various international awards and is also present in the top 3 securities companies in Indonesia based on market data in Indonesia in January 2023, continues to support the Indonesian capital market.

SOURCE Bukalapak