, Indonesia

Bank Mandiri, Garuda agree on joint promotion

Garuda Indonesia signed an MoU with Bank Mandiri on joint promotion.

 

The cooperation includes a Buy One Get One Free program for executive class seats at selected international routes and a special price program for domestic and international routes for all Bank Mandiri’s credit and debit card holders.

Garuda marketing director M. Arif Wibowo said that the cooperation was aimed to enhance the synergy of both companies and to  increase Garuda’s market share, both domestically and internationally.

“Bank Mandiri has a very large potential market because it is one of the largest banks in the country and it has customers all over the country and overseas,” said Arif.

Mandiri executive vice president of coordinator consumer finance Mansyur S. Nasution said that the cooperation was a strategic move to encourage the growth of credit and debit card transactions.

The Buy One Get One Free program is valid for international routes to Amsterdam, Beijing, Dubai, Hong Kong, Kuala Lumpur, Melbourne, Nagoya, Singapore, Seoul, Sydney and Taipei.

Join Asian Banking & Finance community
Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Visa and Mesh to enable crypto payments at over 175 million merchants
Wallet holders can pay from crypto balances without selling or preloading funds.Visa is partnering with crypto payments network Mesh to let consumers spend cryptocurrency and stablecoin balances at more than 175 million merchant locations worldwide.
Bangkok Bank profit to rebound in Q4 after 31.2% drop: CGS
Stronger lending income and lower bad-loan provisions are expected to support the lender's recovery.
Retail Banking
Foreign currency deposits squeeze Indian bank margins
ICICI Bank and two major rivals raised a combined $40b through FCNR(B) accounts.
Economy

Exclusives

Banks told to stop playing Gen Z card
Complicated reward schemes and spending conditions can erode card benefits.
Cards & Payments
Banks rethink overseas ties as payments go digital
Bank of America sees common standards and round-the-clock liquidity as key hurdles.
Singapore opens door to foreign stablecoins under tighter rules
Banks may need separate companies to issue stablecoins under the proposed framework.