Bank Mega
PT Bank Mega, Tbk. (IDX: MEGA) is an Indonesian commercial bank under CT Corp, offering retail, corporate, and digital banking products (savings, credit cards, loans, wealth management, treasury, M-Smile mobile app) distributed through a national branch, ATM, and digital channel network.
- Company typePublic
- Founded1969
- HeadquartersJakarta, Indonesia
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Bank Mega does
PT Bank Mega, Tbk. is an Indonesia-based publicly listed commercial bank (IDX: MEGA) headquartered in Jakarta, founded circa 1969–1970 and operating as part of the CT Corp diversified conglomerate under Chairul Tanjung. The bank serves both retail and corporate customers with a full suite of conventional banking products — savings, time deposits, foreign currency accounts, personal loans, mortgages, credit cards, wealth management, payroll, treasury, trade finance, and syndicated lending — distributed across 10,000+ employees, a national branch and ATM network, and digital channels including the M-Smile mobile app, Mega Internet/MegaBiz internet banking, and a weekend-banking footprint inside Transmart and Trans Studio Mall locations.
Its underlying technology stack combines proprietary digital platforms (M-Smile, Mega Internet for individuals and corporates, MegaBiz for virtual accounts and bulk transfers via BI-FAST) with national and international infrastructure (QRIS, BI-FAST, SWIFT, Dukcapil biometric KYC, SWIFT-based correspondent banking with 15+ international banks). Differentiated digital features include Tap to Pay contactless, QRIS Tanpa Pindai (QRIS TAP without scanning), Pay with Your Watch via Garmin (first in Indonesia), QRIS Cross-Border in six countries, MegaCash chip e-money, and M-Money e-wallet, all protected by ISO 27001:2022 and ISO 27701:2019 certifications.
Bank Mega earns revenue principally from net interest income (corporate, retail, MSME, mortgage, and personal lending) and non-interest income (transaction fees, credit card fees, bancassurance, FX/treasury, trade finance, and digital channel fees). It reaches customers through a direct-to-consumer model — branch, ATM, MegaCall contact center, MILA WhatsApp chatbot, and event-driven campaigns such as Mega Travel Fair — while extending corporate reach via syndicated lending deals and B2B partnerships, evidenced by participation in a USD 625 million mining-sector syndicated loan and MoUs with institutions such as IPB and IHH Healthcare Singapore.
Bank Mega firmographics
Firmographics- Name
- Bank Mega
- Legal name
- PT Bank Mega, Tbk.
- Website
- https://bankmega.com/
- Company type
- Public
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PT Bank Mega, Tbk. (IDX: MEGA) is an Indonesian commercial bank under CT Corp, offering retail, corporate, and digital banking products (savings, credit cards, loans, wealth management, treasury, M-Smile mobile app) distributed through a national branch, ATM, and digital channel network.
- Ownership category
- akta.pro rank
Bank Mega industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- General SME & Middle-Market Commercial Banking (FSABABAA)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Affluent/Premier Retail Banking (Mass Affluent) (FSABAAAG), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)
Keywords
Where Bank Mega is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices4 records
Markets served
Bank Mega business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income: Core banking revenue from lending activities including corporate loans, retail loans, MSME loans, mortgages, and personal loans. Interest rates are disclosed through Prime Lending Rate (SBDK) publications.
- Fee and Commission Income: Non-interest income from transaction fees, service charges, account management, credit card fees, ATM fees, and international services including remittance.
- Digital Banking Services: Revenue from internet banking, mobile banking (M-Smile), and other electronic banking channel usage.
- Trade Finance and Treasury: Revenue from foreign exchange, treasury operations, and international banking services.
- Bancassurance and Investment Products: Revenue from sale of insurance products and investment products through the bank network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Prime Lending Rate (SBDK) disclosed for various loan categories as of April 2026 data period |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Bank Mega product offering
Product offeringCore offering
Bank Mega is an Indonesian commercial bank that provides a broad portfolio of personal and business banking products and services, including savings accounts, time deposits, credit cards, personal loans, wealth management, payroll services, and syndicated corporate financing. Its digital banking channels center on the M-Smile mobile app, Mega Internet and MegaBiz internet banking platforms, and the Mega ATM network, supported by payment innovations such as QRIS, BI-FAST, and international SWIFT-based services.
Product overview
Bank Mega is an Indonesian commercial bank offering a broad portfolio of personal and business banking products and services. Its personal banking lineup includes credit cards, savings accounts (Mega First, Mega Valas), time deposits (Mega Depo), structured savings (Mega Rencana), social savings (Mega Berbagi), personal loans (Mega Cash Line), wealth management, and a loyalty program (MPC). Its digital banking services center on M-Smile (mobile banking), Mega Internet (internet banking for individuals and corporates), and MegaBiz (virtual account and business billing platform). Card products include Mega Pass debit cards (Visa, Mega First, GPN) and co-branded cards such as Mega Travel Card. Electronic money products comprise MegaCash and M-Money. Additional services include Mega ATM, MegaCall customer service, Mega Remittance, Mega Payroll Bisnis, and Mega Credit Shield protection. The bank participates in national payment infrastructure including QRIS, BI-FAST, and SWIFT for international transactions. The portfolio is supported by digital channels (mobile app, internet banking) and a network of branches, ATMs, and correspondent banks.
Differentiator
Problem solved
Functional benefit
Brands
- M-Smile: Mobile banking application for smartphone users to access banking activities, savings products, credit cards, electronic money, cash withdrawals, QR transactions, and promo information.
- Mega Internet
- Mega ATM
- MegaCash
- Mega Pass
- M-Money
- Mega First
Products and services
- M-Smile Mobile Banking Mobile banking application available on Android and iOS providing savings and credit card management, cardless ATM cash withdrawals, QR merchant payments, Tap To Pay, QRIS Cross Border international payments, loan on card, and promotional information for retail customers.
- Mega Internet (Business Internet Banking) Electronic banking service that allows business customers to access accounts and conduct non-cash banking transactions through internet networks.
- MegaBiz Business platform providing virtual account, bulk transfer (BIFAST), and tax payment (pajak) billing services for corporate customers.
- Mega ATM Automated Teller Machine service providing cash and non-cash banking transactions, including cardless cash withdrawals, bill payments, and balance inquiries.
- Mega Pass (Debit Card) Debit card facility issued when opening a savings or checking account, available in Mega Pass Visa, Mega First, and Mega Pass GPN variants, with NFC contactless support.
- MegaCash Electronic money product issued by Bank Mega in chip card form, with the chip storing and securing the monetary value loaded onto the card.
- M-Money Electronic money product usable for payment of goods or services at merchants, accessed through the M-Smile mobile application.
- Mega First Savings Account Premium savings account product offered by Bank Mega as a distinct category for individual customers.
- Mega Rencana Structured savings plan that allows customers to save systematically over time with planned deposits.
- Mega Depo (Time Deposit) Time deposit (deposito) product offered by Bank Mega for individual customers.
- Mega Valas Foreign currency savings account product allowing customers to hold and transact in foreign currencies.
- Mega Berbagi Social savings account combining personal saving with charitable giving, supporting causes including education in underserved areas through the CT Arsa Foundation's PIJAR program.
- Mega Cash Line (Personal Loan) Unsecured personal loan product providing cash financing for personal needs.
- Loan on Card (M-Smile) Credit card-based lending facility accessible through M-Smile, allowing qualified cardholders to convert outstanding balances into installments.
- Mega Credit Shield Credit protection insurance product covering outstanding credit card balances in events such as death or disability.
- Mega Travel Card Co-branded travel credit card offering travel-related benefits and rewards for cardholders.
- Mega Payroll Bisnis Payroll management service for business customers that automates salary disbursements and employee account management.
- Mega Remittance International money transfer service provided by Bank Mega for cross-border remittance transactions.
- Mega Wealth Management Premium banking service providing investment products, financial planning, and wealth advisory for high-net-worth customers.
- Mega Giro (Business Checking Account) Checking account (giro) product for business customers, with variants such as Mega Giro Bisnis and Mega Optima Bisnis.
- MegaInternet Corporate (Corporate Internet Banking) Corporate internet banking service for business and corporate customers, providing account management and transaction capabilities for corporate clients.
- Bank Mega Credit Cards Bank Mega's credit card product line, including standard credit cards and co-branded variants, with rewards through the MPC loyalty program.
Quantifiable outcome
- 28% profit growth in fiscal year 2025 compared to the previous year
- +3 more outcomes
Companies that use Bank Mega
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Bank Mega technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability4 records
Feature6 records
Bank Mega partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Bank Indonesia (QRIS Cross-Border Partners)coreBank Mega actively supports Bank Indonesia's QRIS Antarnegara cross-border payment initiative, enabling customers to use QR codes in Thailand, Malaysia, Singapore, Japan, South Korea (sandbox), and China. This partnership expands international payment access for Indonesian travelers and merchants.
- Otoritas Jasa Keuangan (OJK) - Bulan Inklusi KeuanganminorBank Mega actively participates in the Bulan Inklusi Keuangan (Financial Inclusion Month) organized by OJK, conducting financial literacy education and promoting savings products at events in Surabaya and Bandung.
- Garmin Indonesia and Visa IndonesiacoreBank Mega partnered with Garmin Indonesia and Visa Indonesia to launch 'Pay with Your Watch', the first feature in Indonesia enabling credit card payments via Garmin smartwatch at contactless EDC terminals. This positions Bank Mega as an innovation leader in wearable payments.
- Institut Pertanian Bogor (IPB)coreBank Mega signed a strategic MoU with IPB (Institut Pertanian Bogor) covering integrated institutional financial management, banking products for students/faculty/staff, financial literacy programs, and potential scholarship and training collaborations. The agreement was signed by CEO Kostaman Thayib and witnessed by Commissioner Chairul Tanjung.
- IHH Healthcare SingaporeminorBank Mega entered into a healthcare services partnership with IHH Healthcare Singapore to support banking services for the healthcare ecosystem, expanding financial service offerings to healthcare institutions and patients.
- CT Arsa FoundationminorBank Mega through its Mega Berbagi (savings program) has partnered with CT Arsa Foundation since 2022 to support the PIJAR (Pergi Mengajar) education program sending young teachers to remote areas of Indonesia. The partnership includes SDK Gayak Filial Nobo (NTT), SD Inpres Hamahena (Lembata), SD Negeri 16 Siparayo (West Sumatra), and SMP Swasta Islam Terpadu Al Munawar (North Sumatra).
- International Correspondent BanksminorBank Mega maintains correspondent banking relationships with 15 international banks including JPMorgan Chase (NY), Standard Chartered (London, HK, Singapore), Citibank (USA), DBS Bank (Singapore), UOB (Singapore), ANZ, ING Belgium, Sumitomo Mitsui (Tokyo), Bank of China, and ICBC Indonesia for NOSTRO accounts and international trade services.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Bank Mega competitors and assessment
Company assessmentDirect peers
- Bank CIMB Niaga: Listed Indonesian commercial bank with retail, SME, and corporate banking plus treasury/international services. Direct competitor for the same Indonesian retail and wholesale client base and KBMI tier.
- Bank Permata: Private Indonesian commercial bank (now under Bangkok Bank/Malayan Banking ownership) offering retail savings, credit cards, and corporate/SME banking. Competes directly in savings, digital, and wealth segments targeted by Bank Mega.
- Bank Central Asia (BCA): Largest private Indonesian commercial bank with a similar retail-anchored model (savings, credit cards, M-Smile-style digital channels). Directly comparable on product mix, customer segments, and digital-led distribution; differs materially only in scale (multiple times larger).
- Bank OCBC NISP: Private Indonesian commercial bank with comparable retail and SME portfolio and growing digital banking presence. Direct competitor for mass-affluent and SME deposits and lending in the same Indonesian market.
- Bank Danamon Indonesia: Mid-tier private Indonesian commercial bank serving retail, SME, and corporate customers with a strong branch and digital footprint. Closest direct peer on size tier, product breadth, and Indonesian private-bank positioning.
Broad incumbents
- Bank Negara Indonesia (BNI): State-owned Indonesian commercial bank serving retail, SME, and corporate customers with an extensive digital ecosystem. Overlaps Bank Mega on every product line but at much greater scale and with state backing.
- Bank Rakyat Indonesia (BRI): Indonesia's largest state-owned bank focused on micro, SME, and consumer banking. Comparable on SME/mass-market lending strategy and Indonesian distribution scale; differs in that BRI is government-owned and far larger.
- Bank Mandiri: Largest state-owned commercial bank in Indonesia with full-service retail, SME, and corporate banking. Significantly larger than Bank Mega but the dominant benchmark for Indonesian commercial banking services and pricing.
- HSBC Indonesia: International full-service bank operating in Indonesia with retail, wealth, and corporate banking. Comparable on premium/affluent and trade-finance segments and on the international payments and correspondent-banking capability that Bank Mega leverages.
Emerging players
- Bank BTPN: Indonesian commercial bank under SMBC/FFB focus, oriented toward mass-market and pensioner segments with growing digital channels. Overlaps Bank Mega at the lower end of retail digital banking but with a distinctly narrower customer profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Bank Mega social profiles
Digital presenceBank Mega compliance and trust
Trust signalCompliance5 records
Bank Mega financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank Mega leadership team
Management profileNumber of profiles
Profiles19 records
Bank Mega funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank Mega 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 Bank Mega
What does Bank Mega do?
Bank Mega is an Indonesian commercial bank that provides a broad portfolio of personal and business banking products and services, including savings accounts, time deposits, credit cards, personal loans, wealth management, payroll services, and syndicated corporate financing. Its digital banking channels center on the M-Smile mobile app, Mega Internet and MegaBiz internet banking platforms, and the Mega ATM network, supported by payment innovations such as QRIS, BI-FAST, and international SWIFT-based services.
Is Bank Mega a public or private company?
Bank Mega is a public company. It is classified as public and is currently operating.
When was Bank Mega founded?
Bank Mega was founded in 1969. It employs 5,001 to 10,000 people.
Where is Bank Mega based?
Bank Mega is headquartered in Jakarta, Indonesia, in the Asia region.
How does Bank Mega make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are fee and Commission Income, digital Banking Services, trade Finance and Treasury and bancassurance and Investment Products.
Who are Bank Mega's main competitors?
Direct peers on record are Bank CIMB Niaga, Bank Permata, Bank Central Asia (BCA), Bank OCBC NISP and Bank Danamon Indonesia. Broad incumbents are Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), Bank Mandiri and HSBC Indonesia. Bank BTPN is listed as an emerging player.
Does Bank Mega have an API?
No public API is recorded for Bank Mega.
What industry is Bank Mega in?
Bank Mega's product category is Retail Banking. Its primary akta.pro industry code is FSABABAA, General SME & Middle-Market Commercial Banking, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6021.