Indonesia's state-owned BNI enters digital banking with Bank Mayora acquisition

Indonesia's state-owned BNI enters digital banking with Bank Mayora acquisition

Jakarta, Indonesia. Photo: Sopan Sopian/Pixabay

State-owned PT Bank Negara Indonesia Tbk (BNI) has announced plans to acquire a 63.92% stake in PT Bank Mayora, a small-sized domestic lender, as part of efforts to enter the digital banking space.