KakaoBank accelerates regional expansion with Indonesian digital bank

KakaoBank, Korea’s largest internet-only bank, aims to accelerate its regional expansion by deepening its partnership with Superbank, an Indonesian digital bank in which it made its first overseas equity investment, the company said Sunday. KakaoBank acquired a 10 percent stake in Superbank in 2023 as part of a partnership with Grab, laying the groundwork for the Korean lender’s push into overseas markets. Since the investment, KakaoBank has worked closely with Superbank across a wide range of areas, including the bank’s launch, product and service planning, and advisory support on user interface and user experience design, steadily building its international capabilities. Most recently, KakaoBank helped launch Superbank’s new financial product, Kartu Untung, which was developed through more than a year of joint work based on KakaoBank’s concept. The bank was involved throughout the process, from product planning to mobile service design. Kartu Untung, meaning ‘lucky card,’ offers daily lottery-style cashback rewards to customers who deposit 50,000 rupiah. The gamified savWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times