BRI Collaborates with PT Syngenta Indonesia through CENTRIGO™ Farming Ecosystem to Provide Financial Services for Farmers in Indonesia

Rhea-AI Summary

PT Bank Rakyat Indonesia (Persero) Tbk. has partnered with PT Syngenta Indonesia to enhance financial services for farmers through the CENTRIGO™ Farming Ecosystem, set to launch in October 2022. The collaboration, formalized on September 13, 2022, aims to uplift the agricultural sector in Indonesia by utilizing digital banking solutions for efficient transaction management. The partnership also includes agreements on microcredits and digital tools to support farmers, aligning with BRI's goal of financial inclusion.

Positive

• Collaboration with Syngenta strengthens support for Indonesian farmers.
• Launch of CENTRIGO™ aims to increase productivity and profitability.
• Inclusion of microcredits and digital solutions for farmers enhances financial services.

Negative

• None.

JAKARTA, Indonesia, Sept. 13, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) collaborates with PT Syngenta Indonesia to provide financial services for farmers through the CENTRIGO™ Farming Ecosystem.  The end-to-end ecosystem, aimed to support farmers' needs and increase productivity and profitability, will be launched in October 2022.

The collaboration was formally announced at the signing ceremony of a Memorandum of Understanding (MoU) between Agus Noorsanto, Director of Institutional and Wholesale Business of BRI and Kazim Hasnain, President Director of PT Syngenta Indonesia on 13 September 2022. The collaboration involves various banking services provided by BRI for PT Syngenta Indonesia and all the stakeholders in its business ecosystem.

Agus Noorsanto said this collaboration will help improve the living standards of farmers and advance the agricultural sector in Indonesia. "All financial transaction management will be carried out efficiently through digital solutions, such as the Cash Management Platform - BRICaMS, Corporate Billing Management - BRICBM, Pasar Rakyat Indonesia - PARI, and others."

PT Syngenta Indonesia is committed to advancing agriculture in Indonesia and ensuring sufficiency as well as quality in a sustainable manner. Through cutting-edge technologies, worldwide experience, and partnerships across the value chain, PT Syngenta Indonesia believes it can help accelerate the growth of the agricultural sector in Indonesia.

"We are pleased with this collaboration and confident that BRI's wide range of digital banking services will unlock the potential of Indonesian farmers and support the growth of PT Syngenta Indonesia's business in Indonesia," said Kazim.

On the same occasion, Supari, Director of Micro Business of BRI, and Ronnie Keh, Director of PT Syngenta Indonesia, also signed a cooperation agreement on microcredits and digital solutions for farmers of the CENTRIGO™ Farming Ecosystem. In addition, A Letter of Intent (LOI) was also delivered to Amam Sukrianto, Director of Small and Medium Business of BRI, regarding business cooperations in the SME sector.

The goal of CENTRIGO™ Farming Ecosystem is in line with BRI's mission to become the champion of financial inclusion that embraces all levels of society. BRI's experience in disbursing loans from ultra-micro, micro, small and medium enterprises to the corporate segment, will greatly support Indonesia's agricultural ecosystem.

For more information about Bank BRI, visit www.bri.co.id

 

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

FAQ

What is the CENTRIGO™ Farming Ecosystem?

The CENTRIGO™ Farming Ecosystem is a collaboration between BRI and Syngenta aimed at providing financial services to farmers in Indonesia, set to launch in October 2022.

When was the partnership between BRI and Syngenta announced?

The partnership was officially announced on September 13, 2022, during a signing ceremony.

What are the goals of the collaboration between BRI and Syngenta?

The collaboration aims to improve farmers' living standards, boost productivity, and promote agricultural development in Indonesia.

How will digital banking solutions benefit farmers in Indonesia?

Digital banking solutions will streamline transaction management and provide access to microcredits, supporting farmers' financial needs.

What services will BRI provide through the CENTRIGO™ Ecosystem?

BRI will offer various banking services, including Cash Management Platform, Corporate Billing Management, and microcredit solutions.