BRI & Paper.id launch PAPERCARD, credit card for businesses

By Gloria Mathias

PT Bank Rakyat Indonesia (Persero) Tbk (BRI), an Indonesia-based bank in collaboration with PT Pakar Digital Global (Paper.id), supported by Visa Indonesia, has launched PAPERCARD. It has a range of unique properties & benefits to provide convenience for customers, especially businesses in Indonesia, for digitizing payments.

BRI Consumer Business Director, Handayani said, “Financial inclusion, one of which is through cashless transactions, aims to support MSMEs to carry out digital transformation. With PAPERCARD, businesses can transact and manage expenses easily anytime and anywhere on Paper.id platform. This product is designed to answer the needs of business owners who want to feel convenience in every process and experience benefits that can be enjoyed for business activities and the owners as well, as related to the card’s tagline #ItsBusinessAndItsPersonal.”

CEO & Co-founder of Paper.id, Yosia Sugialam said, PAPERCARD is believed to be able to have a positive impact on businesses, especially Paper.id users, so they can experience digital payment innovations while also enjoying benefits or personal value to their owners. Various features are presented, such as business payments by credit card and the presence of e-stamps for invoice validation. PAPERCARD can also be used to pay for other business operations, such as digital service advertising (Meta, Google & TikTok), office asset and inventory purchasing needs, as well as business travel and other types of business payments.

Riko Abdurrahman, President Director of Visa Indonesia, shared, “Visa is very pleased to be able to facilitate this good collaboration between BRI and Paper.id has resulted in a new breakthrough PAPERCARD for the MSME segment.”

The newly launched PAPERCARD has two types, namely SPACECARD & UNIVERSECARD. Both are cards with various benefits adapted to business conditions of various scales.

BRI, Paper.id, and Visa hope that PAPERCARD will be a milestone in developing a digital payment ecosystem for businesses in Indonesia, especially Paper.id users.