# Bank Mandiri (Livin' by Mandiri)

> Source: https://docs.barcoder.ai/docs/wallets/bank-mandiri
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Bank Mandiri — official](https://www.bankmandiri.co.id/)

## Overview

**Bank Mandiri** is **Indonesia's largest bank by assets** <sup>[1][1], [2][2], [Indonesia report](https://docs.barcoder.ai/docs/payments/ID)</sup>. **2025 baseline**: **Rp2,829.94 trillion assets** (up from Rp2,514T in June 2025; ~22% of total Indonesian banking assets) + **Livin' by Mandiri 36.5M+ users (November 30, 2025)** (+27.1% YoY growth).

**Distinctive Bank Mandiri positioning** <sup>[1][1], [3][3], [4][4]</sup>:
- **Indonesia's largest bank by assets** — distinctive Indonesian banking giant
- **Assets**: Rp2,829.94 trillion in 2025 (~22% of total Indonesian banking assets)
- **Livin' by Mandiri 36.5M+ users** as of November 30, 2025 (+27.1% YoY)
- **Primary financial partner of Indonesian government, state-owned enterprises, and national infrastructure** — distinctive state-bank role
- **Livin' = "BeyondSuperAPP"** distinctive Indonesian super-app positioning
- **Livin' financial inclusion focus**: Accelerating Indonesian financial inclusion via mobile super-app

## History

**October 2, 1998 — Bank Mandiri founded** via merger of four Indonesian state-owned banks: **Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia** — distinctive Indonesian post-Asian Financial Crisis state-bank consolidation.

**2003 — Bank Mandiri partial privatization IPO** on Jakarta Stock Exchange (IDX: BMRI).

**February 2021 — Livin' by Mandiri super-app launches**.

**2021-2025 — Mass Indonesian Livin' adoption** <sup>[3][3]</sup>: Livin' grew rapidly.

**June 2025 — Bank Mandiri assets Rp2,514T** (~22% Indonesian banking assets) <sup>[2][2]</sup>.

**2025 — Bank Mandiri assets reach Rp2,829.94T** (Indonesia's largest by assets).

**November 30, 2025 — Livin' by Mandiri 36.5M+ users** (+27.1% YoY) <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **PT Bank Mandiri (Persero) Tbk** (IDX: BMRI).

**Major shareholders**: **Government of Indonesia (Indonesian state via Ministry of State-Owned Enterprises; majority shareholder ~60%) + various Indonesian institutional + IDX public float**.

**Regulators**: **OJK (Indonesian Financial Services Authority)** + **BI (Bank Indonesia)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Livin' by Mandiri app (iOS + Android; primary ID retail-banking + super-app mobile channel; 36.5M+ users Nov 30 2025) + Mandiri Online + Bank Mandiri cards (Visa + Mastercard + Indonesian National Card) + Bank Mandiri branch network |
| **Identifiers** | Phone + email + card number + Indonesian ID (NIK) |
| **ID rail** | **[QRIS](https://docs.barcoder.ai/docs/standards/qris)** (BI QRIS national QR + BI-FAST national instant payment) |
| **License** | Bank (Bank Mandiri full Indonesian banking license; Indonesia's largest bank by assets) |
| **Sub-products** | Bank Mandiri Account + Bank Mandiri Cards + Bank Mandiri Credit + Bank Mandiri Mortgages + Bank Mandiri Investments + Bank Mandiri Insurance + Bank Mandiri for Business + Bank Mandiri Prioritas (premium retail) + Bank Mandiri Private + Livin' by Mandiri (super-app since Feb 2021; "BeyondSuperAPP") + Mandiri Sekuritas (BMRI's securities/brokerage arm) + Mandiri Tunas Finance (vehicle financing) + Mandiri AXA General Insurance |
| **Distinctive Livin' = "BeyondSuperAPP"** Indonesian super-app positioning |

## Users & growth

**2025 baseline** <sup>[1][1], [3][3]</sup>:
- **Indonesia's largest bank by assets** — Rp2,829.94T (2025; ~22% Indonesian banking assets)
- **Livin' by Mandiri 36.5M+ users** as of November 30, 2025 (+27.1% YoY)
- **Primary financial partner of Indonesian government, state-owned enterprises, and national infrastructure**
- **Multi-country presence**: 7+ countries

## Use cases

Indonesian + multi-country retail + corporate + investment + insurance + private banking via Livin' by Mandiri super-app + Mandiri Online + cards + branches; BI QRIS national QR + BI-FAST national instant payment; Mandiri Sekuritas (BMRI's securities) + Mandiri Tunas Finance (vehicle financing) + Mandiri AXA General Insurance; primary financial partner of Indonesian government + state-owned enterprises + national infrastructure.

## Implementations & partners

**Operator**: **PT Bank Mandiri (Persero) Tbk** (IDX: BMRI).

**Major shareholders**: **Government of Indonesia (Indonesian state via Ministry of State-Owned Enterprises; majority shareholder ~60%) + Indonesian institutional + IDX public float**.

**Major Indonesian banking + fintech competitors**:
- **[Bank Rakyat Indonesia (BRI)](https://docs.barcoder.ai/docs/wallets/bank-rakyat-indonesia)** (BRI Bank Rakyat Indonesia; Indonesia's largest bank by customers; world's largest microfinance institution; BRImo 50M+ users 2024; 175M+ customer accounts)
- **[Bank Central Asia (BCA)](https://docs.barcoder.ai/docs/wallets/bank-central-asia)** (Bank Central Asia BCA; Indonesia's largest private bank by market cap; 31M+ accounts; market cap >1,250 trillion IDR; 2025 #1 World's Strongest Banks)
- **BNI (Bank Negara Indonesia)** (BBNI; state-owned)
- **CIMB Niaga** (CIMB Group ID subsidiary)
- **OCBC NISP** (OCBC Group ID subsidiary)
- **[Jenius (SMBC Indonesia)](https://docs.barcoder.ai/docs/wallets/jenius)** (Batch 27 covered; PT Bank BTPN / SMBC Indonesia digital bank; 6M+ registered users Mar 2025)
- **[GoPay](https://docs.barcoder.ai/docs/wallets/gopay)** + **[OVO](https://docs.barcoder.ai/docs/wallets/ovo)** + **[DANA](https://docs.barcoder.ai/docs/wallets/dana)** + **[ShopeePay](https://docs.barcoder.ai/docs/wallets/shopeepay)** + **[LinkAja](https://docs.barcoder.ai/docs/wallets/linkaja)** (Indonesian e-wallets)

**Wise Platform partnership**: **Bank Mandiri** integration with **Wise** resulted in 20% increase in monthly transactions + 24% user growth on Wise app + saved customers US$2.3M in fees [Wise (formerly TransferWise)](https://docs.barcoder.ai/docs/wallets/wise) (Batch 62 covered).

**Bank Mandiri subsidiaries**: **Mandiri Sekuritas** + **Mandiri Tunas Finance** + **Mandiri AXA General Insurance** + **Mandiri Capital Indonesia (venture capital)**.

**Regulators**: **OJK + BI**.

## Fun facts

- **Indonesia's largest bank by assets** — Rp2,829.94T in 2025 (~22% Indonesian banking assets).
- **October 2, 1998 founding via merger of four Indonesian state-owned banks** (Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia) — distinctive Indonesian post-Asian Financial Crisis state-bank consolidation.
- **Livin' by Mandiri 36.5M+ users** as of November 30, 2025 (+27.1% YoY).
- **February 2021 Livin' by Mandiri super-app launch**.
- **Primary financial partner of Indonesian government, state-owned enterprises, and national infrastructure**.
- **Livin' = "BeyondSuperAPP"** distinctive Indonesian super-app positioning.
- **2003 partial privatization IPO** on Jakarta Stock Exchange (IDX: BMRI).
- **Government of Indonesia ~60% majority shareholder** via Ministry of State-Owned Enterprises.
- **Wise Platform partnership**: 20% increase in monthly transactions + 24% user growth + saved customers US$2.3M in fees.
- **Multi-country presence**: 7+ countries.

## Comparison

| Feature | Bank Mandiri (Livin') | [Bank Rakyat Indonesia (BRI)](https://docs.barcoder.ai/docs/wallets/bank-rakyat-indonesia) (Indonesia's largest bank by customers rival; world's largest microfinance institution) | [Bank Central Asia (BCA)](https://docs.barcoder.ai/docs/wallets/bank-central-asia) (Indonesia's largest private bank by market cap rival; 2025 #1 World's Strongest Banks) | [Jenius (SMBC Indonesia)](https://docs.barcoder.ai/docs/wallets/jenius) (Batch 27; BTPN/SMBC ID digital bank) | [ICBC Mobile Banking](https://docs.barcoder.ai/docs/wallets/icbc-mobile) (World's #1 bank by total assets + market cap comparable global state-bank) |
|---|---|---|---|---|---|
| Operator | **PT Bank Mandiri (Persero) Tbk (IDX: BMRI; Government of Indonesia via Ministry of State-Owned Enterprises majority shareholder ~60% + Indonesian institutional + IDX public float)** | PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI; Indonesian government via Ministry of State-Owned Enterprises majority >53%) | PT Bank Central Asia Tbk (IDX: BBCA; Djarum Group / Hartono family via FarIndo Holdings + IDX float) | PT Bank BTPN Tbk (IDX: BTPN; SMBC Indonesia parent) | Industrial and Commercial Bank of China Limited (SSE: 601398; HKEX: 1398; Central Huijin Investment majority) |
| Type | **Indonesia's largest bank by assets (Rp2,829.94T 2025; ~22% Indonesian banking assets) + Livin' by Mandiri "BeyondSuperAPP" + primary financial partner of Indonesian government + state-owned enterprises + national infrastructure** | Indonesia's largest bank by customers + world's largest microfinance institution + BRImo super-app + BRILink Indonesia's largest banking agent network + Ultra Micro Holding + 10 countries | Indonesia's largest private bank by market cap + 2025 #1 World's Strongest Banks + myBCA + BCA Mobile 90%+ customer interactions | Indonesian digital bank + Jenius app | World's #1 bank by total assets + market cap + 300M+ ICBC Mobile Banking users + 26+ countries |
| Country | ID + 6+ other countries | ID + 9 other countries | Indonesia + SG + HK | Indonesia | CN + 25+ other countries |
| Users | **Rp2,829.94T assets (~22% Indonesian banking assets); Livin' 36.5M+ users (Nov 30 2025; +27.1% YoY)** | 175M+ customer accounts; 60M+ customers served; BRImo 50M+ users (2024); 40M+ ultra-micro borrowers via Ultra Micro Holding; market cap $38B+ | 31M+ accounts; market cap >1,250 trillion IDR (US$80B+); 31B+ annual transactions | 6M+ registered users (Mar 2025; +13% YoY) | 300M+ active ICBC Mobile Banking users |
| Distinctive | **Oct 2 1998 founding via merger of 4 Indonesian state-owned banks (Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia) — distinctive post-Asian Financial Crisis state-bank consolidation; Indonesia's largest by assets; Feb 2021 Livin' by Mandiri super-app launch; Livin' = "BeyondSuperAPP" distinctive Indonesian super-app positioning; 2003 partial privatization IPO; Government of Indonesia ~60% majority via Ministry of State-Owned Enterprises; primary financial partner of Indonesian government + state-owned enterprises + national infrastructure; Wise Platform partnership (20% monthly transactions increase + 24% user growth + US$2.3M fee savings)** | Dec 16 1895 founding (130 years deep Indonesian banking heritage); 2021 Ultra Micro Holding formed (BRI + PT Pegadaian + PT Permodalan Nasional Madani microfinance consolidation); world's largest microfinance institution; BRILink agent network | 1957 founding by Sudono Salim; 2025 #1 in Banker's World's 1000 Strongest Banks; myBCA + BCA Mobile 90%+ customer interactions; Djarum Group privatization 2002 | BTPN digital bank | Jan 1 1984 founding (split from PBoC); world's largest bank by total assets + market cap |

## Status

**Active, Indonesia's largest bank by assets** <sup>[1][1], [2][2]</sup>:
- **PT Bank Mandiri (Persero) Tbk** (IDX: BMRI) since October 2, 1998 (formed via merger of Bank Bumi Daya + Bank Dagang Negara + Bank Ekspor Impor Indonesia + Bank Pembangunan Indonesia).
- **Rp2,829.94 trillion assets** (2025; ~22% Indonesian banking assets).
- **Livin' by Mandiri 36.5M+ users** (November 30, 2025; +27.1% YoY).
- **February 2021 Livin' by Mandiri "BeyondSuperAPP"** launch.
- **Primary financial partner of Indonesian government + state-owned enterprises + national infrastructure**.
- **Government of Indonesia ~60% majority shareholder** via Ministry of State-Owned Enterprises.
- **OJK + BI regulated**.

## Sources

[1]: https://www.bankmandiri.co.id/en/livin/ "Livin' by Mandiri — #BeyondSuperAPP — official"
[2]: https://databoks.katadata.co.id/en/finance/statistics/69a091c2d6907/top-5-indonesian-banks-by-total-assets-in-2025-mandiri-leads-the-pack "Top 5 Indonesian Banks by Total Assets in 2025: Mandiri Leads the Pack — Databoks"
[3]: https://www.bloombergtechnoz.com/detail-news/97024/bank-mandiri-percepat-inklusi-keuangan-lewat-livin "Bank Mandiri Percepat Inklusi Keuangan Lewat Livin' — Bloomberg Technoz"
[4]: https://www.theasianbanker.com/updates-and-articles/bank-mandiri-expands-financial-inclusion-in-indonesia-through-livin-super-app "Bank Mandiri expands financial inclusion in Indonesia through Livin' super app — Asian Banker"
[id-cro]: https://docs.barcoder.ai/docs/payments/ID

- [1] [Livin' by Mandiri — #BeyondSuperAPP — official][1]
- [2] [Top 5 Indonesian Banks by Total Assets in 2025: Mandiri Leads the Pack — Databoks][2]
- [3] [Bank Mandiri Percepat Inklusi Keuangan Lewat Livin' — Bloomberg Technoz][3]
- [4] [Bank Mandiri expands financial inclusion in Indonesia through Livin' super app — Asian Banker][4]
- <sup>[Indonesia report](https://docs.barcoder.ai/docs/payments/ID)</sup> In-corpus: `reports/countries/ID-indonesia.md`

## Source

Biography extracted from [bank-mandiri.md](https://docs.barcoder.ai/source/wallets/bank-mandiri). See `matrix.md` for standards-support matrix if present.