Bank Indonesia: Banking News Indonesia Today - BI up - to-date Katadata.co.id

All you have to do is spend $4,000 within the first three months from account opening.

That means for every dollar spent on travel and fining at restaurants, including airfare and hotels, you will receive 2x points.

The even better news is that the Chase Sapphire Preferred credit card is very flexible when it comes to earning 2x points.

When you book travel through Chase Ultimate Rewards, you will receive a 25% bonus.

So, when you redeem airfare, hotels, car rentals or even cruises through Chase Ultimate Rewards, your rewards points will be increased by 25%.

If you prefer, you can also transfer your Chase Sapphire Preferred rewards to any of Chase’s 13 travel partners, including Hyatt, Marriott and United, for example.

Most Popular Bank of the Year afford to Business Life Insurance Financial Awards

While those first run SBI has won the honor for HDFC Bank it was the fifth year running.

In its 23rd version, the Business Today-Money Today Financial Awards additionally respected best performing fintech firms shared assets insurance agencies.

L Mutual Fund Soumendra Nath Lahiri CIO and Suyash Choudhary Head of Fixed Income at IDFC Mutual Fund won the best store supervisors grant in value and obligation classifications individually.

Prosenjit Datta Editor at Business Today discussed disturbances that common store and protection strategy chiefs have needed to manage but then how they developed as victors.

A portion of the enormous banks of yore has into genuine issues with non-performing resources in light of careless hazard appraisal and over-forceful loaning.

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Lazada Indonesia is one of the fastest growing online shopping portals in Indonesia that provides a variety of products ranging from fashion, home appliances, electronic gadgets

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Most Popular Bank of the Year afford to Business Life Insurance Financial Awards

While those first run SBI has won the honor for HDFC Bank it was the fifth year running.

In its 23rd version, the Business Today-Money Today Financial Awards additionally respected best performing fintech firms shared assets insurance agencies.

L Mutual Fund Soumendra Nath Lahiri CIO and Suyash Choudhary Head of Fixed Income at IDFC Mutual Fund won the best store supervisors grant in value and obligation classifications individually.

Prosenjit Datta Editor at Business Today discussed disturbances that common store and protection strategy chiefs have needed to manage but then how they developed as victors.

A portion of the enormous banks of yore has into genuine issues with non-performing resources in light of careless hazard appraisal and over-forceful loaning.

There is a different kind of activities that attracts tourists to visit Indonesia in the first place such as Trekking, hiking on the active volcanoes.

There are so many best places to relax in Indonesia

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Wireless technologies, globalization and wireless collaborations have led to competition in the market. As a consequence, commercial or public banks want to adopt the use of e-commerce products and services in their delivery of services to their valuable customers.

Today, thousands of banks have already adopted the use of e-commerce in their services. However, many people are not taking significant advantage of this innovative collaboration.

Many research studies have also been carried out regarding the participation of commercial banks in e-commerce.

In recent studies, it was revealed that despite using a meaningful and simple structure of adoption of e-commerce, many banks face various challenges in adopting the use of e-commerce in their products and services. A similar study in Kenya showed that the mean of online banking in Kenya was as high as 4.43 despite the fact that they do not use e-commerce as much.

In fact, e-commerce is one of the rising trends in the banking world.

E-Commerce Banking is a Thing

E-commerce in banking generally refers to a commercial activity that deals in trading services and goods through an electronic communication medium. The general activities of e-commerce in banking might include informational communication, payment management, trading and negotiations of financial instruments and transport management.

E-commerce in banking is a part of the electronic banking business and the utmost reason why banks want to participate in E-commerce is that it generates enough profit and revenue. E-commerce, in general, has improved business processes. While banks are currently facing e-communication challenges, it is crucial for them to participate in e-commerce for smooth banking processes.

Reasons Why Banks Want to Participate in E-Commerce

Here are some of the reasons why commercial and public banks want to actively participate in e-commerce to gain e-commerce services and products for their banking processes:

Improved Customer Service

Customer service is important to any business – including banks where the main motive is to gain revenue out of safe-keeping the money of the public. Banks are generally ranked according to their services and customer services. For instance, when a bank entails cutting-edge technology for quick banking processes, it is likely to be more approachable by the public. Great customer service matters when it comes to banking and handling the financial matters of the public.

However, e-commerce upgrades or improves the customer service of the banks, the main reason why banks want to actively participate in e-commerce.

E-commerce improves the payment management systems, information communication system, trading, and negotiation system, financial instruments and transport management system of a bank. With these services improving, the customers and consumers will have great experience with the bank. It would not only improve the internal business processes but customer service of the bank as well.

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