Bank Raya is expanding its digital banking innovation by focusing on Indonesia’s vibrant communities through its feature, Saku Bareng. This new tool allows up to 300 members to save collectively, providing a streamlined way for groups to manage their shared finances. By enabling the creation of up to five separate pockets, users can easily separate personal budgets from communal funds.

Saku Bareng: Enhancing Collective Savings with Smart Features

According to Kicky Andrie Davetra, Director of Business at Bank Raya, the admin role plays a crucial part in managing group funds. Admins can track member contributions and expenses through an automated Financial Recap, organized into specific categories. The feature also includes a Money Request tool, which allows admins to request payments precisely as needed, thereby simplifying the collection process.

Transparent and Secure Financial Management for Communities

All members can monitor their account balances and transaction history in real-time, promoting transparency. Only admins are authorized to execute fund disbursements, while members receive notifications for every transaction. This structure ensures that collective savings management is practical, transparent, and secure.

Kicky highlighted, “We understand that collective saving to achieve shared goals is a challenge for many communities. By increasing the number of members who can join, we hope to overcome this challenge.”

Impressive Growth of Saku Bareng and Digital Savings

By the second quarter of 2025, more than 2,000 community members have adopted Saku Bareng, creating over 1,300 saving pockets. The feature’s growth reached Rp1.9 billion this quarter, a 49% increase year-over-year. Most users hail from Jakarta, West Java, and Central Java.

Beyond Saku Bareng, Bank Raya’s digital saving accounts have seen robust growth. As of June 2025, transactions on the Raya App totaled 2.1 million, up 42.7% year-over-year. The app serves over 1.05 million users. Digital saving balances rose by 66.6% year-over-year to Rp1.5 trillion, contributing to a 7.6% increase in CASA deposits to Rp2.5 trillion. Bank Raya’s CASA ratio improved from 26.77% in Q2 2024 to 29.72% in Q2 2025.

Community Strength as a Driver for Digital Financial Literacy

Kicky noted, “The strength of communities formed around shared hobbies or backgrounds creates an opportunity to accelerate digital literacy among the public. Bank Raya is committed to being a financial partner and growth companion for communities and businesses by offering convenient products and features in our app.”

PHOTO: INFOBANKNEWS

This article was created with AI assistance.