BCA Revolutionizes International Transactions with Poket Valas Feature

Simplifying Multi-Currency Management

Bank Central Asia (BCA) has introduced a groundbreaking feature called 'Poket Valas' within its myBCA mobile application, transforming how Indonesians manage international transactions. This innovative solution allows customers to hold up to 18 different foreign currencies in a single account, eliminating the need for multiple foreign currency accounts.

Key Benefits for Users

The Poket Valas feature is designed to streamline global financial transactions through several key benefits:

1. Multi-currency support: Users can store various currencies including major global currencies like USD, JPY, CNY, EUR, and GBP
2. Competitive exchange rates: All transactions are conducted using competitive exchange rates, ensuring customers get favorable terms
3. Simplified transfers: Enables seamless transfers both domestically and internationally to other BCA accounts or banks
4. Direct debit for international transactions: Users can make transactions abroad using their BCA Debit Mastercard, with no additional conversion fees as transactions are debited directly from the relevant currency pocket

Operational Mechanics

Activating the Poket Valas feature is straightforward through the myBCA application. Customers simply need to:

1. Select 'Activate Poket Valas'
2. Choose the initial currency and amount for the opening deposit
3. Agree to the terms and conditions
4. Confirm the transaction with their PIN

Once activated, users can manage their foreign currency holdings through the 'Poket' menu in the myBCA app, where they can add funds, check balances, and perform transactions in their chosen currencies.

Market Impact and User Benefits

This feature is particularly beneficial for:

• Frequent travelers: Avoiding conversion fees and managing expenses in local currencies
• International workers: Simplifying receipt of foreign earnings and subsequent transfers
• Businesses: Streamlining international trade transactions

By integrating this feature into their digital banking platform, BCA demonstrates its commitment to providing innovative financial solutions that cater to the evolving needs of its customers in an increasingly globalized world.