Superbank Joins Hands with TPI to Support Productivity and Welfare of Thousands of Grab Driver-Partners

• The partnership between Superbank and Grab Indonesia's partner, PT Teknologi Pengangkutan Indonesia (TPI), is in the form of an investment loan
• This loan aims to increase TPI's car inventory, which will benefit thousands of GrabCar’s driver-partners

Jakarta, 18 April 2023 - PT Super Bank Indonesia (Superbank) today announced an investment loan partnership with PT Teknologi Pengangkutan Indonesia (TPI), a vehicle rental company and partner of Grab Indonesia. The partnership strengthens Superbank’s commitment to support the increase of productivity and welfare of Indonesians, especially the underbanked ^[1] segment, by expanding access to simple and responsible financing. TPI will use the investment loan from Superbank to increase its car inventory, which will benefit thousands of GrabCar driver-partners.

Currently, Grab has millions of driver partners across hundreds of cities in Indonesia, and thousands of them use the car rental facility from TPI. The loan investment from Superbank will be used by TPI to purchase over 1,000 car units to be rented out to GrabCar’s driver-partners.

Sukiwan, Chief Business Officer, Superbank, said, "This cooperation with TPI marked the beginning of a long-term partnership between Superbank and its ecosystem partners. We hope this initiative opens up more opportunities for Grab’s driver-partners to benefit from the financing that we facilitate. Supported by one of the largest and strongest ecosystems in Southeast Asia, we will continue to innovate and collaborate in providing financial products with direct impact on the increase of productivity and welfare of millions of Grab platform users in Indonesia, including Grab driver-partners."

Yusa Oktavia, Chief Operating Officer, TPI, said, “TPI appreciates the partnership with Superbank through this loan facility. The support reflects Superbank’s huge trust in us as a rental company and partner of Grab Indonesia. Not only does this partnership increase the productivity of Grab driver-partners as users of our car rental service, it also increases their income opportunities as part of the underbanked population in Indonesia.”

"We will continue to drive collaboration and synergy with many more parties, including the other Superbank's ecosystem partners, to accelerate the expansion of access to inclusive financial services and solutions for the community by using the best technology." Sukiwan concluded.

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ABOUT SUPERBANK

PT Super Bank Indonesia (Superbank) is a bank with digital-based services. Superbank is the new brand that replaces PT Bank Fama International, a commercial bank that was founded in Bandung, March 5, 1993. In 2021, the ownership of Bank Fama was transferred to the EMTEK Group, Grab and Singtel as shareholders to support Superbank’s transformation to become a bank with digital-based services. Superbank has received various awards, such as "The Most Efficient Bank in the Group of Banks Based on Core Capital (KBMI) 1 Category” from Bisnis Indonesia Financial Award (BIFA) 2022. As a newcomer in the Indonesian digital banking sphere, Superbank has a mission to expand access to credit for MSME customers in managing their businesses, provide innovative solutions for retail customers, and foster collaboration through one of the industry’s most extensive ecosystems.

For further information on Superbank, please visit us at http://www.superbank.id.

^[1] Underbanked are individuals who already have access to simple financial services, such as savings accounts but are unable to access other financial products such as credit cards, loans and others due to limited credit rating.