Floating bank branch sets sail in Indonesia

Floating bank branch sets sail in Indonesia

Indonesia's first floating bank branch has set sail on its maiden voyage, bringing financial services to inhabitants of the some of the country's more remote islands.

Bank Rakyat Indonesia's new branch, the Teras BRI Kapal, will make its way around six of the Thousand Islands off the coast of Jakarta between 7.30am and 4.30pm, Monday to Friday.

With four bank workers joining guards and crew onboard, customers on the islands - which have a combined population of around 8000 - will be able to carry out all the services on offer at normal BRI branches, as well as access an ATM.

More floating branches are in the pipeline, with a new one slated to come into service every year as BRI aims to boost financial inclusion in a country with 900-odd permanently inhabited islands and where only around a fifth of people have bank accounts.

According to the Jakarta Post, next year BRI will even put its own satellite into orbit to support the service.

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