In an exciting move for digital finance, Tokocrypto has partnered with PT Bank OCBC NISP Tbk (OCBC) to launch a new global debit card designed to bridge the gap between traditional banking and the growing cryptocurrency sector in Indonesia. This collaboration, announced on October 19, 2024, is set to cater to a younger demographic increasingly engaged with both cryptocurrency and modern banking solutions.

The Tokocrypto Global Debit Card offers a unique set of features, specifically designed to meet the needs of millennials and Gen Z users. With a focus on convenience and practicality, the card allows users to transact globally with ease, providing access to a multi-currency account. Customers can hold up to 12 currencies in a single account, including IDR, USD, EUR, GBP, and others, which is particularly beneficial for travelers and investors who regularly deal in multiple currencies.

OCBC’s Retail Proposition Division Head, Chinni Yanti Tjhin, emphasized that this collaboration helps strengthen the bank's relevance to younger, tech-savvy customers. "This partnership aligns with OCBC's commitment to catering to the evolving needs of Indonesia’s younger generation," she said, highlighting the growing trend of digital and cross-border financial transactions among young Indonesians.

The Tokocrypto Global Debit Card offers seamless international transactions, with no additional foreign currency conversion fees for the 12 major currencies it supports. This feature makes it an attractive option for those traveling or making purchases abroad. Additionally, the card is equipped with contactless payment technology, allowing for quick and secure payments with a simple tap, whether at a retail store or when using public transportation in foreign countries.

Beyond its basic features, the card also comes with a special promotional program. Customers who sign up for the card can take advantage of the “Kasih Cashback Anti Holdback” program, which offers cashback of up to IDR 475,000 for qualifying transactions made at offline merchants or top-ups through the Tokocrypto app. The promotion runs from November 19, 2024, to April 30, 2025, and includes cashback for new users who complete their first transactions or top-ups.

Tokocrypto CEO Yudhono Rawis sees this launch as a crucial step in integrating the cryptocurrency sector with traditional banking services. He notes that for many young Indonesians, cryptocurrency is not just an investment but a lifestyle. "We are committed to continuously innovating and providing the best experiences for our customers," he said, emphasizing Tokocrypto's ongoing efforts to create value for its user base, which is largely made up of millennials and Gen Z individuals.

The debit card also boasts global usability, allowing customers to use it for transactions at MasterCard, Cirrus, and Maestro-enabled merchants and ATMs worldwide. This feature positions the card as a versatile and economical option for anyone engaging in cross-border transactions or seeking an alternative to traditional banking solutions.

This partnership between Tokocrypto and OCBC marks a significant milestone in the growing convergence of cryptocurrency and conventional banking. With the introduction of this global debit card, both companies aim to boost digital financial inclusion in Indonesia and promote the broader adoption of digital assets.

By offering a modern, secure, and convenient solution for global payments, the Tokocrypto Global Debit Card provides an ideal tool for the younger generation, who are increasingly incorporating digital currencies into their daily financial activities. As the digital economy continues to evolve, this initiative could play a key role in shaping the future of both banking and cryptocurrency adoption in Indonesia.

KONTAN.CO.ID