Allo Bank
PT Allo Bank Indonesia Tbk is a mobile-first Indonesian digital bank serving consumers through its Allo App, offering tiered wallets (Allo Pay/+/Prime), savings, deposits, PayLater credit, and a Visa virtual debit card, integrated with the CT Corpora ecosystem via the MPC loyalty program.
- Company typePublic
- Founded2021
- HeadquartersJakarta, Indonesia
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Allo Bank does
PT Allo Bank Indonesia Tbk is a mobile-first Indonesian digital bank, founded in 2021 and publicly traded on the Indonesia Stock Exchange under ticker MEGA. The bank distributes entirely through its flagship Allo App (iOS and Android), with no physical branch network. Its product architecture is layered: three wallet tiers — Allo Pay (unregistered e-money, Rp2M balance cap), Allo Pay+ (KYC-verified, Rp10M cap, transfers enabled), and Allo Prime (full savings account, unlimited limits) — on top of which sit Allo Grow (tiered-interest savings up to 6.5% p.a. with no early withdrawal penalty), Allo Deposito (time deposits up to 8.0% p.a. with 2% bonus for first-time depositors), Allo PayLater (BNPL and instant cash credit), and the Allo Visa Virtual Debit Card for international online transactions. Distribution leverages Indonesia's national QRIS payment network, cardless cash withdrawals via the Bank Mega ATM network, and Visa rails for online acceptance.
The technology stack is built on cloud infrastructure with biometric authentication (fingerprint/FaceID), AI-driven real-time fraud detection, automated KYC onboarding, and AI-assisted credit risk profiling for PayLater and loan eligibility. The bank is licensed by OJK, supervised by Bank Indonesia, enrolled in LPS deposit insurance (up to Rp2 billion per customer per bank), and ISO/IEC 27001:2022 certified (September 2023). It complies with Indonesia's Personal Data Protection Law (UU PDP No. 27 of 2022).
The core differentiator is integration with the CT Corpora ecosystem through the MPC (Membership, Points, Coupons) loyalty program — a tiered membership (Starter, Advance, Premium) where 1 point equals Rp1, usable across CT Corpora merchants and strategic partners. Revenue mechanics combine interest income from savings/deposits, transaction and interchange fees on QRIS/card payments, PayLater interest and installment fees, and nominal service fees (Rp40,000 per virtual-card replacement). Go-to-market is product-led, targeting Indonesian consumers aged 17+ seeking branchless digital banking, amplified by brand ambassadors WONWOO and MINGYU from K-pop group SEVENTEEN, social media, festival/events, and CT Corpora cross-promotion. Q2 2025 net profit after tax reached Rp115 billion (up 27% YoY), and the bank announced its first-ever dividend distribution in 2025.
Allo Bank firmographics
Firmographics- Name
- Allo Bank
- Legal name
- PT Allo Bank Indonesia Tbk
- Website
- https://allobank.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- PT Allo Bank Indonesia Tbk is a mobile-first Indonesian digital bank serving consumers through its Allo App, offering tiered wallets (Allo Pay/+/Prime), savings, deposits, PayLater credit, and a Visa virtual debit card, integrated with the CT Corpora ecosystem via the MPC loyalty program.
- Ownership category
- akta.pro rank
Allo Bank industry classification
Industry- Product category
- Digital Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
- akta.pro secondary industries
- In-App / Online Checkout Wallets (FSAMAEAH), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), A2A Bill Pay & eInvoicing (Open Banking Enabled) (FSAMAFAL)
Keywords
Where Allo Bank is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
Allo Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Interest Income from Allo Grow Savings: Interest earned on customer savings balances deposited in Allo Grow product, with rates ranging from 4.0% to 6.5% p.a. based on deposit tenure
- Interest Income from Deposito: Interest earned on time deposits, offering rates up to 8.0% p.a. with bonus rates for first-time depositors
- PayLater Credit Revenue: Interest and fees charged on installment credit facilities (PayLater) and instant cash withdrawals
- Transaction Fees: Fees collected from payment transactions, transfers, bill payments, and cash withdrawals through the Allo App platform
- Virtual Card Fees: Fees from Allo Visa Virtual Debit Card issuance and replacements (Rp40,000 per replacement)
- Interchange Fees: Interchange revenue from QRIS payments and card transactions processed through the Allo Bank network
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Allo Pay - Basic e-wallet tier with Rp2,000,000 maximum balance and Rp20,000,000 monthly transaction limit |
| Freemium | Pay-as-you-go | Allo Pay+ - Enhanced e-wallet with Rp10,000,000 maximum balance and Rp20,000,000 monthly transaction limit |
| Freemium | Pay-as-you-go | Allo Prime - Full savings account with unlimited balance and transaction limits |
| Subscription | Monthly | Allo Grow Savings - Tiered interest rates from 4.0% to 6.5% p.a. based on deposit tenure |
| Subscription | Multi-year contract | Deposito - Time deposits with rates up to 8.0% p.a. plus 2% bonus for first-time depositors |
| One time/ perpetual license | Pay-as-you-go | Allo Visa Virtual Debit Card - Free activation, Rp40,000 replacement fee |
| Usage-based | Monthly | Allo PayLater - Buy now pay later with credit limit and instant cash access |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Allo Bank product offering
Product offeringCore offering
Allo Bank is a mobile-first digital bank that delivers savings, payments, credit, and loyalty products entirely through the Allo App to Indonesian consumers. Its portfolio includes tiered e-wallets (Allo Pay, Allo Pay+, Allo Prime), interest-bearing savings (Allo Grow and Allo Deposito), a buy-now-pay-later product (Allo PayLater), a Visa-backed virtual debit card, and the MPC loyalty program integrated across the CT Corpora ecosystem. The bank has no physical branches and operates under OJK and Bank Indonesia oversight with LPS deposit insurance.
Product overview
Allo Bank is a mobile-first Indonesian digital bank (PT Allo Bank Indonesia Tbk) offering a unified super-app platform centered on the Allo App. The product architecture spans three wallet tiers — Allo Pay (unregistered e-money, max Rp2M), Allo Pay+ (registered e-money, max Rp10M), and Allo Prime (savings account, unlimited limits) — each building on the previous in functionality. Above the wallet layer, Allo Bank offers Allo Grow (tiered-interest savings), Allo Deposito (fixed deposits), and Allo PayLater (BNPL/instant cash), all accessible within the same app. A Visa-backed virtual debit card (Allo Visa) extends online payment capabilities globally for Allo Prime users. The MPC loyalty program (Membership, Points, Coupons) integrates across the CT Corpora ecosystem, rewarding transactions with points redeemable at ratio 1:1. Core services include QRIS-based payments, cardless cash withdrawals at Bank Mega ATMs, bill payments, balance top-ups, and peer-to-peer transfers. All products are governed by biometric authentication (fingerprint/FaceID), AI-driven fraud detection, and automated KYC.
Differentiator
Problem solved
Functional benefit
Brands
- Allo Pay: Unregistered electronic money product with maximum balance of Rp2,000,000, available for payment transactions and top-up.
- Allo Pay+
- Allo Prime
- Allo Grow
- Allo Visa Virtual Debit Card
- Allo PayLater
- MPC (Membership, Points, Coupons)
Products and services
- Allo App Allo Bank's flagship mobile banking application and the unified platform through which customers access all products and services. Available for download on the Apple App Store and Google Play Store, it supports biometric authentication, QRIS payments, KYC registration, real-time notifications, and the MPC loyalty program.
- Allo Pay Unverified electronic money product provided by Allo Bank. Functions as a funding source for banking transactions excluding transfers and ATM cash withdrawals. Maximum balance Rp2,000,000 and monthly transaction limit Rp20,000,000. Free to use, registered via phone number only.
- Allo Pay+ Registered electronic money product with maximum balance of Rp10,000,000 and monthly transaction limit of Rp20,000,000. Supports transfers and cash withdrawals. Requires KYC verification to upgrade from Allo Pay.
- Allo Prime Full-feature savings account with unlimited balance and transaction limits. Provides full access to Allo PayLater, cash withdrawals, savings management, and is required for Allo Visa Virtual Debit Card activation. Interest-bearing account.
- Allo Grow Savings product with tiered interest rates that increase with deposit tenure, ranging from 4.0% p.a. (1-14 days) up to 6.5% p.a. (720+ days). Supports penalty-free early withdrawals with no minimum balance requirement.
- Allo Deposito Time deposit product with interest rates up to 8.0% p.a. and an additional 2% bonus for first-time depositors. Offers flexible tenors and auto-renewal customization. Covered by LPS deposit insurance.
- Allo PayLater Buy-now-pay-later and instant cash service offering credit access 24/7 with 100% online application using e-KTP only. A single unified credit limit covers QRIS transactions and instant cash withdrawals. Monthly installments calculated based on tenure and total payment.
- Allo Visa Virtual Debit Card Virtual debit card issued in partnership with Visa exclusively for Allo Prime customers. Enables online transactions at merchants worldwide that support Visa. Free activation through the Allo App, no minimum balance required, customizable daily transaction limits, and Rp40,000 replacement fee.
- MPC (Membership, Points, Coupons) Integrated loyalty program with three membership tiers (Starter: 0-1,999,999 points; Advance: 2,000,000-4,999,999 points; Premium: 5,000,000+ points), Points currency redeemable at 1 point = Rp1 for payments, and Coupons for merchant discounts across the CT Corpora ecosystem and Strategic Partner platforms.
- Allo App Download Service Direct app download platform serving as the primary customer acquisition channel for Allo Bank. Available on Apple App Store and Google Play Store, accessible via QR code.
Quantifiable outcome
- Net profit after tax grew 27% year-on-year to Rp115 billion in Q2 2025
- +4 more outcomes
Companies that use Allo Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Allo Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability6 records
Feature7 records
Allo Bank partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and supporting.
- VisacoreStrategic partnership with Visa, a global payments technology company, to launch Allo Visa Virtual Debit Card. This virtual card enables Allo Bank customers to make online transactions worldwide at all Visa-enabled merchants. The partnership represents a key product expansion for Allo Bank's digital banking offerings.
- BI FastcorePartnership with BI Fast (Bank Indonesia Fast Payment) for instant payment services. This integration enables fast fund transfers and payment processing as part of Indonesia's national payment infrastructure.
- Bank MegacoreBank Mega provides ATM network for Allo Bank's cardless cash withdrawal service. Allo Bank customers can withdraw cash using QR codes at Bank Mega ATMs without needing a physical card.
- CT CorporacoreParent holding company providing the broader ecosystem for Allo Bank. CT Corpora Group includes various businesses and CT Corpora Merchants where customers can use MPC loyalty program (Points, Coupons). Allo Bank registration is integrated with CT Corpora platform.
- PT Advance Intelligence IndonesiasupportingKYC (Know Your Customer) vendor partner providing identity verification services for Allo Bank's digital onboarding process.
- PT Indonesia Digital Identity (VIDA)supportingKYC vendor partner providing digital identity verification and e-KYC services for Allo Bank's customer onboarding.
- PT Hicloud Technology IndonesiasupportingTechnology vendor supporting Allo Bank's cloud infrastructure and KYC processing capabilities.
- Dinas Kependudukan dan Pencatatan Sipil (Dukcapil)supportingGovernment entity (Population and Civil Registration Office) providing official identity data verification services for KYC compliance.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Allo Bank competitors and assessment
Company assessmentDirect peers
- SeaBank Indonesia: Licensed Indonesian digital bank within Sea Group (parent of Shopee) offering high-yield savings, payments, and consumer lending through a mobile app. Comparable as a mobile-first Indonesian digital bank competing on deposit rates and ecosystem.
- Bank Jago: Indonesian publicly listed digital bank (PT Bank Jago Tbk) offering a mobile-first banking app with savings, payments, and lending products to consumers and MSMEs. Directly comparable as a licensed Indonesian digital bank targeting the same retail segment with app-based onboarding.
- Jenius (Bank BTPN): Digital banking service of Bank BTPN, providing mobile-based savings, payments, and Send-It feature for Indonesian consumers. Directly comparable in product scope (e-wallet, savings, transfers) and target customer base to Allo Bank.
- Blu by BCA Digital: Digital banking subsidiary of Indonesia's largest private bank (BCA), offering a mobile app with savings, payments, and lifestyle integrations to Indonesian consumers. Closely comparable as a licensed digital-only bank targeting the same demographic.
- Wondr by BNI: Mobile banking super-app from Bank Negara Indonesia offering savings, payments, investments, and lifestyle features to Indonesian consumers. Comparable as an Indonesian digital bank serving mass-market retail customers via a mobile-first product.
Emerging players
- DANA Indonesia: Indonesia-based digital wallet offering QRIS payments, transfers, bill payments, and merchant services via mobile app. Comparable to Allo Pay/Pay+ as a domestic e-wallet peer competing for Indonesian retail payments market share.
- OVO: Indonesian e-wallet offering QRIS payments, transfers, and merchant services with broad acceptance. Comparable to Allo Pay / Allo Pay+ as a consumer-focused mobile wallet competing for the same Indonesian QRIS transaction volume.
Broad incumbents
- GoPay (GoTo Financial): Indonesia's largest e-wallet from GoTo GojekTokopedia, offering QRIS payments, transfers, and consumer financial services. Comparable as a digital wallet/payments incumbent competing with Allo's Allo Pay and Allo Pay+ tiers.
- Livin' by Mandiri: Digital banking app of Bank Mandiri, Indonesia's largest bank by assets. While owned by an incumbent, it competes head-on with Allo on savings, QRIS payments, and consumer credit through a mobile app.
- Bank Mega: Indonesia-listed bank (IDX: MEGA) under CT Corpora that operates the ATM network underpinning Allo's cardless cash withdrawal service. Highly adjacent as the likely traditional-banking parent within the same CT Corpora group.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Allo Bank social profiles
Digital presenceAllo Bank compliance and trust
Trust signalCompliance3 records
Allo Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Allo Bank leadership team
Management profileNumber of profiles
Allo Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Allo Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Allo Bank
What does Allo Bank do?
Allo Bank is a mobile-first digital bank that delivers savings, payments, credit, and loyalty products entirely through the Allo App to Indonesian consumers. Its portfolio includes tiered e-wallets (Allo Pay, Allo Pay+, Allo Prime), interest-bearing savings (Allo Grow and Allo Deposito), a buy-now-pay-later product (Allo PayLater), a Visa-backed virtual debit card, and the MPC loyalty program integrated across the CT Corpora ecosystem. The bank has no physical branches and operates under OJK and Bank Indonesia oversight with LPS deposit insurance.
Is Allo Bank a public or private company?
Allo Bank is a public company. It is classified as public and is currently operating.
When was Allo Bank founded?
Allo Bank was founded in 2021. It employs 251 to 500 people.
Where is Allo Bank based?
Allo Bank is headquartered in Jakarta, Indonesia, in the Asia region.
How does Allo Bank make money?
Six revenue lines are on record. Interest Income from Allo Grow Savings are the primary driver. The others are interest Income from Deposito, payLater Credit Revenue, transaction Fees, virtual Card Fees and interchange Fees.
Who are Allo Bank's main competitors?
Direct peers on record are SeaBank Indonesia, Bank Jago, Jenius (Bank BTPN), Blu by BCA Digital and Wondr by BNI. Emerging players are DANA Indonesia and OVO. Broad incumbents are GoPay (GoTo Financial), Livin' by Mandiri and Bank Mega.
Does Allo Bank have an API?
No public API is recorded for Allo Bank.
What industry is Allo Bank in?
Allo Bank's product category is Digital Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs), with a secondary code of FSAMAEAH, In-App / Online Checkout Wallets. Its NAICS code is 5221 and its SIC code is 6022.