Staff Reporter
,
Singapore
TMRW is on track to be marginal profit positive in five years.
United Overseas Bank is planning to launch its digital bank TMRW in Indonesia this year, according to the company’s FY2019 financial results presentation.
In the presentation, the archipelago was marked as a new market in 2020 under the TMRW presentation deck, whilst highlighting a market opportunity of $10b for the whole ASEAN region.
The digital bank is on track to be marginal profit positive within five years, the presentation also read.
UOB first launched TMRW in Thailand in February 2019, as part of its plans to scale up its regional customer base by 5 million by 2024.
Join
Asian Banking & Finance
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!