Wallets/bank-mandiri
Bank Mandiri (Livin' by Mandiri)
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Overview
Bank Mandiri is Indonesia's largest bank by assets [1, 2, id-cro]. 2025 baseline: Rp2,829.94 trillion assets (up from Rp2,514T in June 2025; ~22% of total Indonesian banking assets) + Livin' by Mandiri 36.5M+ users (November 30, 2025) (+27.1% YoY growth).
Distinctive Bank Mandiri positioning [1, 3, 4]:
- Indonesia's largest bank by assets — distinctive Indonesian banking giant
- Assets: Rp2,829.94 trillion in 2025 (~22% of total Indonesian banking assets)
- Livin' by Mandiri 36.5M+ users as of November 30, 2025 (+27.1% YoY)
- Primary financial partner of Indonesian government, state-owned enterprises, and national infrastructure — distinctive state-bank role
- Livin' = "BeyondSuperAPP" distinctive Indonesian super-app positioning
- Livin' financial inclusion focus: Accelerating Indonesian financial inclusion via mobile super-app
History
October 2, 1998 — Bank Mandiri founded via merger of four Indonesian state-owned banks: Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia — distinctive Indonesian post-Asian Financial Crisis state-bank consolidation.
2003 — Bank Mandiri partial privatization IPO on Jakarta Stock Exchange (IDX: BMRI).
February 2021 — Livin' by Mandiri super-app launches.
2021-2025 — Mass Indonesian Livin' adoption [3]: Livin' grew rapidly.
June 2025 — Bank Mandiri assets Rp2,514T (~22% Indonesian banking assets) [2].
2025 — Bank Mandiri assets reach Rp2,829.94T (Indonesia's largest by assets).
November 30, 2025 — Livin' by Mandiri 36.5M+ users (+27.1% YoY) [3].
Ownership & operator
Operating entity: PT Bank Mandiri (Persero) Tbk (IDX: BMRI).
Major shareholders: Government of Indonesia (Indonesian state via Ministry of State-Owned Enterprises; majority shareholder ~60%) + various Indonesian institutional + IDX public float.
Regulators: OJK (Indonesian Financial Services Authority) + BI (Bank Indonesia).
Technical integration
| Layer | Description |
|---|---|
| Channels | Livin' by Mandiri app (iOS + Android; primary ID retail-banking + super-app mobile channel; 36.5M+ users Nov 30 2025) + Mandiri Online + Bank Mandiri cards (Visa + Mastercard + Indonesian National Card) + Bank Mandiri branch network |
| Identifiers | Phone + email + card number + Indonesian ID (NIK) |
| ID rail | qris (BI QRIS national QR + BI-FAST national instant payment) |
| License | Bank (Bank Mandiri full Indonesian banking license; Indonesia's largest bank by assets) |
| Sub-products | Bank Mandiri Account + Bank Mandiri Cards + Bank Mandiri Credit + Bank Mandiri Mortgages + Bank Mandiri Investments + Bank Mandiri Insurance + Bank Mandiri for Business + Bank Mandiri Prioritas (premium retail) + Bank Mandiri Private + Livin' by Mandiri (super-app since Feb 2021; "BeyondSuperAPP") + Mandiri Sekuritas (BMRI's securities/brokerage arm) + Mandiri Tunas Finance (vehicle financing) + Mandiri AXA General Insurance |
| Distinctive Livin' = "BeyondSuperAPP" Indonesian super-app positioning |
Users & growth
- Indonesia's largest bank by assets — Rp2,829.94T (2025; ~22% Indonesian banking assets)
- Livin' by Mandiri 36.5M+ users as of November 30, 2025 (+27.1% YoY)
- Primary financial partner of Indonesian government, state-owned enterprises, and national infrastructure
- Multi-country presence: 7+ countries
Use cases
Indonesian + multi-country retail + corporate + investment + insurance + private banking via Livin' by Mandiri super-app + Mandiri Online + cards + branches; BI QRIS national QR + BI-FAST national instant payment; Mandiri Sekuritas (BMRI's securities) + Mandiri Tunas Finance (vehicle financing) + Mandiri AXA General Insurance; primary financial partner of Indonesian government + state-owned enterprises + national infrastructure.
Implementations & partners
Operator: PT Bank Mandiri (Persero) Tbk (IDX: BMRI).
Major shareholders: Government of Indonesia (Indonesian state via Ministry of State-Owned Enterprises; majority shareholder ~60%) + Indonesian institutional + IDX public float.
Major Indonesian banking + fintech competitors:
- [[bank-rakyat-indonesia]] (BRI Bank Rakyat Indonesia; Indonesia's largest bank by customers; world's largest microfinance institution; BRImo 50M+ users 2024; 175M+ customer accounts)
- [[bank-central-asia]] (Bank Central Asia BCA; Indonesia's largest private bank by market cap; 31M+ accounts; market cap >1,250 trillion IDR; 2025 #1 World's Strongest Banks)
- BNI (Bank Negara Indonesia) (BBNI; state-owned)
- CIMB Niaga (CIMB Group ID subsidiary)
- OCBC NISP (OCBC Group ID subsidiary)
- [[jenius]] (Batch 27 covered; PT Bank BTPN / SMBC Indonesia digital bank; 6M+ registered users Mar 2025)
- [[gopay]] + [[ovo]] + [[dana]] + [[shopeepay]] + [[linkaja]] (Indonesian e-wallets)
Wise Platform partnership: Bank Mandiri integration with Wise resulted in 20% increase in monthly transactions + 24% user growth on Wise app + saved customers US$2.3M in fees [[wise]] (Batch 62 covered).
Bank Mandiri subsidiaries: Mandiri Sekuritas + Mandiri Tunas Finance + Mandiri AXA General Insurance + Mandiri Capital Indonesia (venture capital).
Regulators: OJK + BI.
Fun facts
- Indonesia's largest bank by assets — Rp2,829.94T in 2025 (~22% Indonesian banking assets).
- October 2, 1998 founding via merger of four Indonesian state-owned banks (Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia) — distinctive Indonesian post-Asian Financial Crisis state-bank consolidation.
- Livin' by Mandiri 36.5M+ users as of November 30, 2025 (+27.1% YoY).
- February 2021 Livin' by Mandiri super-app launch.
- Primary financial partner of Indonesian government, state-owned enterprises, and national infrastructure.
- Livin' = "BeyondSuperAPP" distinctive Indonesian super-app positioning.
- 2003 partial privatization IPO on Jakarta Stock Exchange (IDX: BMRI).
- Government of Indonesia ~60% majority shareholder via Ministry of State-Owned Enterprises.
- Wise Platform partnership: 20% increase in monthly transactions + 24% user growth + saved customers US$2.3M in fees.
- Multi-country presence: 7+ countries.
Comparison
| Feature | Bank Mandiri (Livin') | [[bank-rakyat-indonesia]] (Indonesia's largest bank by customers rival; world's largest microfinance institution) | [[bank-central-asia]] (Indonesia's largest private bank by market cap rival; 2025 #1 World's Strongest Banks) | [[jenius]] (Batch 27; BTPN/SMBC ID digital bank) | [[icbc-mobile]] (World's #1 bank by total assets + market cap comparable global state-bank) |
|---|---|---|---|---|---|
| Operator | PT Bank Mandiri (Persero) Tbk (IDX: BMRI; Government of Indonesia via Ministry of State-Owned Enterprises majority shareholder ~60% + Indonesian institutional + IDX public float) | PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI; Indonesian government via Ministry of State-Owned Enterprises majority >53%) | PT Bank Central Asia Tbk (IDX: BBCA; Djarum Group / Hartono family via FarIndo Holdings + IDX float) | PT Bank BTPN Tbk (IDX: BTPN; SMBC Indonesia parent) | Industrial and Commercial Bank of China Limited (SSE: 601398; HKEX: 1398; Central Huijin Investment majority) |
| Type | Indonesia's largest bank by assets (Rp2,829.94T 2025; ~22% Indonesian banking assets) + Livin' by Mandiri "BeyondSuperAPP" + primary financial partner of Indonesian government + state-owned enterprises + national infrastructure | Indonesia's largest bank by customers + world's largest microfinance institution + BRImo super-app + BRILink Indonesia's largest banking agent network + Ultra Micro Holding + 10 countries | Indonesia's largest private bank by market cap + 2025 #1 World's Strongest Banks + myBCA + BCA Mobile 90%+ customer interactions | Indonesian digital bank + Jenius app | World's #1 bank by total assets + market cap + 300M+ ICBC Mobile Banking users + 26+ countries |
| Country | ID + 6+ other countries | ID + 9 other countries | Indonesia + SG + HK | Indonesia | CN + 25+ other countries |
| Users | Rp2,829.94T assets (~22% Indonesian banking assets); Livin' 36.5M+ users (Nov 30 2025; +27.1% YoY) | 175M+ customer accounts; 60M+ customers served; BRImo 50M+ users (2024); 40M+ ultra-micro borrowers via Ultra Micro Holding; market cap $38B+ | 31M+ accounts; market cap >1,250 trillion IDR (US$80B+); 31B+ annual transactions | 6M+ registered users (Mar 2025; +13% YoY) | 300M+ active ICBC Mobile Banking users |
| Distinctive | Oct 2 1998 founding via merger of 4 Indonesian state-owned banks (Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia) — distinctive post-Asian Financial Crisis state-bank consolidation; Indonesia's largest by assets; Feb 2021 Livin' by Mandiri super-app launch; Livin' = "BeyondSuperAPP" distinctive Indonesian super-app positioning; 2003 partial privatization IPO; Government of Indonesia ~60% majority via Ministry of State-Owned Enterprises; primary financial partner of Indonesian government + state-owned enterprises + national infrastructure; Wise Platform partnership (20% monthly transactions increase + 24% user growth + US$2.3M fee savings) | Dec 16 1895 founding (130 years deep Indonesian banking heritage); 2021 Ultra Micro Holding formed (BRI + PT Pegadaian + PT Permodalan Nasional Madani microfinance consolidation); world's largest microfinance institution; BRILink agent network | 1957 founding by Sudono Salim; 2025 #1 in Banker's World's 1000 Strongest Banks; myBCA + BCA Mobile 90%+ customer interactions; Djarum Group privatization 2002 | BTPN digital bank | Jan 1 1984 founding (split from PBoC); world's largest bank by total assets + market cap |
Status
Active, Indonesia's largest bank by assets [1, 2]:
- PT Bank Mandiri (Persero) Tbk (IDX: BMRI) since October 2, 1998 (formed via merger of Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia).
- Rp2,829.94 trillion assets (2025; ~22% Indonesian banking assets).
- Livin' by Mandiri 36.5M+ users (November 30, 2025; +27.1% YoY).
- February 2021 Livin' by Mandiri "BeyondSuperAPP" launch.
- Primary financial partner of Indonesian government + state-owned enterprises + national infrastructure.
- Government of Indonesia ~60% majority shareholder via Ministry of State-Owned Enterprises.
- OJK + BI regulated.
Sources
- 1 Livin' by Mandiri — #BeyondSuperAPP — official
- 2 Top 5 Indonesian Banks by Total Assets in 2025: Mandiri Leads the Pack — Databoks
- 3 Bank Mandiri Percepat Inklusi Keuangan Lewat Livin' — Bloomberg Technoz
- 4 Bank Mandiri expands financial inclusion in Indonesia through Livin' super app — Asian Banker
- id-cro In-corpus:
reports/countries/ID-indonesia.md
Source
Biography extracted from bank-mandiri.md. See matrix.md for standards-support matrix if present.