In an effort to support domestic businesses expanding their business reach into the international arena, PT Bank OCBC NISP Tbk (OCBC) has officially introduced bilateral transaction services using various local currencies directly. This step allows transactions to be carried out without going through intermediate currency conversions. The new currencies now available in the system include the United Arab Emirates Dirham (AED), Thai Baht (THB), and South Korean Won (KRW).
This strategic initiative is specifically designed to facilitate the operations of Indonesian entrepreneurs looking to enter the Asian and Middle Eastern markets. By eliminating intermediate conversions such as the US Dollar, the process of cross-border payments and fund receipts becomes much simpler, more efficient, and transparent for business players in each partner country.
The presence of this feature brings a number of real benefits to corporate customers. In addition to cutting transaction processing times to make them faster, this service also helps businesses manage cash flow with a higher level of certainty. Another financial advantage is operational cost efficiency thanks to the application of more competitive exchange rates.
Head of Transaction Banking at OCBC, Gianto Kusno, emphasized that the launch of this service is a concrete manifestation of the company's commitment to strengthening the global competitiveness of their business customers. According to him, business players now have high flexibility to conduct trade activities to and from the United Arab Emirates, Thailand, and South Korea more safely and conveniently.
To provide ease of access, this transaction service can not only be enjoyed in person at all OCBC branch offices, but also online through the OCBC Business digital platform. This service can be integrated with various types of customers' business accounts, ranging from Giro Business Smart, Giro Business Signature, Giro DHE SDA, to Giro Multicurrency, to meet diverse business scale needs.
