By integrating with the ecosystem of its largest shareholder CT Corporation, Indonesian digital lender Allo Bank expects to grow its user base to 50 million within three or five years, a top executive of the firm told DealStreetAsia.
Allo Bank had amassed 1 million users a week after it started offering digital banking services on its newly-launched app in May this year. This has grown to 2.35 million currently and the lender aims to grow its user base to 6-10 million this year, Indra Utoyo, president director, Allo Bank told DealStreetAsia.