Jenius chooses Wise Platform to transform cross-border payments for millions of digitally-savvy Indonesians

Jakarta, Indonesia, 10 July 2025 – Jenius, SMBC Indonesia’s full-fledged digital bank, has chosen Wise Platform, Wise’s global payment infrastructure for banks and global organisations, to set a new standard for international payments, offering millions of Indonesians a faster, cheaper, and transparent way to send money abroad.  

Currently, over 6 million Jenius users can buy and sell foreign currencies directly from the Jenius app at any time. Now, through this collaboration with Wise Platform, Jenius is further empowering users with a seamless process of sending money abroad in multiple currencies, including USD, EUR, GBP, SGD, AUD, and HKD, directly from the Jenius app to other banks, 24/7. By integrating Wise Platform’s industry-leading infrastructure, Jenius customers will be able to benefit from faster cross-border payments, full price transparency, and real-time transaction tracking, as funds can be sent directly from their Jenius Foreign Currency accounts. 

Addressing evolving customer demands for more efficient international payments

Indonesian consumers have long faced significant barriers when sending money internationally: high costs, lengthy processing times, unclear fee structures, and banks’ limited operating hours for remittances. This partnership directly addresses these pain points while serving diverse use cases, from parents funding overseas education and students studying abroad to workers supporting families and business owners conducting international transactions.

Strengthening Indonesia’s digital banking innovation

Since launching in Indonesia in 2016, Jenius has been at the forefront of digital banking innovation, constantly introducing programs and innovations that support Indonesians in achieving their financial goals. As of March 2025, Jenius had reached over 6 million registered users, reflecting 13% year-on-year growth. This latest collaboration with Wise Platform accelerates Jenius' mission to promote financial inclusion and expand digital banking access across diverse customer segments.

Febri Rusli, Digital Banking Product & Innovations Head at SMBC Indonesia, said, “Our strategic collaboration with Wise Platform reflects our shared commitment to delivering innovative solutions for Indonesians. By embracing co-creation and the ‘Think Unthinkable’ spirit—constantly challenging conventional boundaries—this collaboration will redefine how digitally-savvy Indonesians send money internationally. Together, we’re setting a new benchmark for digital banking services in the remittance industry, offering faster, cheaper, and more transparent solutions for our customers.” 

Erma Epryani, Commercial Lead of Wise Platform Indonesia, said, “Our partnership with Jenius marks a significant milestone as we continue to deepen Wise Platform’s presence in Indonesia and across Asia-Pacific. By collaborating with Jenius, we’re enabling faster, cheaper, and more transparent international payments for millions of Indonesians, meeting the evolving needs of the digital-savvy community, with even more currencies in development. Jenius has always been a life finance solution, and we’re excited to be empowering users to achieve better financial well-being together. ”

– END –

About SMBC Indonesia

PT Bank SMBC Indonesia Tbk (SMBC Indonesia)—formerly PT Bank BTPN Tbk (Bank BTPN)—is a foreign exchange bank resulting from the merger of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia in February 2019. Driven by the spirit of "Do Good, Be Great," SMBC Indonesia aims to create more meaningful growth for society through innovative and comprehensive financial solutions centred on meeting customers' needs across various segments. SMBC Indonesia provides products and services such as green financing, products and services for retired customers, for micro, small, and medium enterprise customers, for large national, multinational, and Japanese corporations, wealth management services through Sinaya, as well as digital banking services for digital-savvy communities through Jenius. Additionally, SMBC Indonesia has subsidiaries, including PT Bank BTPN Syariah Tbk, serving customers from productive underprivileged communities, and financing companies PT Oto Multiartha (OTO) for four-wheel vehicles and PT Summit Oto Finance (SOF) for two-wheel vehicles. SMBC Indonesia's commitment to positively and sustainably impacting the broader community is also reflected through Daya. This sustainable and measurable empowerment program offers regular training to enhance personal capabilities and capabilities for a more meaningful life. 

About Wise Platform

Wise is a global technology company, building the best way to move and manage the world’s money. Over the last decade, Wise has built an entirely new network for the world’s money. 

Thanks to Wise Platform, banks and large companies can leverage Wise’s technology and embed the best way to send, receive, and manage money internationally into their existing infrastructure. With a wide variety of partners worldwide, Wise Platform saves banks and businesses time and money by allowing them to seamlessly bring fast, cheap, transparent and convenient cross-border payments to their customers.