Lippo Group Launches Web-Based E-Procurement Service Mbiz.co.id

1 min readUpdated Mar 28, 2016Mar 28, 201612:59 AM

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Mbiz.co.id offers an integrated and web-based e-commerce experience. It offers an electronic catalog of thousands of products in various categories, ranging from IT products, stationary and industrial tools to groceries, provided by a number of certified vendors in Indonesia.

“The value of sales from online retail in Indonesia is less than 1 percent of the total [bricks-and-mortar] retail sales,” said Andrew Mawikere, co-founder of Mbiz.co.id, describing the growth potential in the sector.

Christopher Hartono, head of general services at Bank Nobu, a bank owned by the Lippo Group, said ever since the lender cooperated with Mbiz.co.id since October last year, the company was able to easily acquire any goods it needed.

“Transactions became more transparent and convenient,” he said.

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What this means

Lippo Group's launch of Mbiz.co.id is a decisive move into the untapped B2B e-procurement space in Indonesia. By offering a web-based, integrated platform with certified vendors, it directly addresses corporate efficiency, as evidenced by Bank Nobu's improved transparency and convenience in acquiring goods since October last year. This directly uses the immense growth potential in a market where online retail penetration is under one percent. The initiative pressures traditional B2B suppliers and potentially inspires similar moves from other conglomerates seeking to digitise their supply chains. Lippo Group, through its ownership of Bank Nobu, has already demonstrated its commitment to digital infrastructure. Watch for Mbiz.co.id's vendor count and user acquisition numbers next.

Aiko Tanaka

Questions & Answers

What kind of products does Mbiz.co.id offer?

Mbiz.co.id provides an electronic catalogue featuring thousands of products across various categories. These range from IT goods and stationary to industrial tools and groceries, supplied by certified vendors in Indonesia.

Who owns Bank Nobu, and what has been their experience using Mbiz.co.id?

Bank Nobu is owned by the Lippo Group. Its head of general services reported that since cooperating with Mbiz.co.id last October, the bank found it easy to acquire necessary goods, leading to more transparent and convenient transactions.

What is the current state of online retail sales in Indonesia, according to Mbiz.co.id's co-founder?

Andrew Mawikere, co-founder of Mbiz.co.id, stated that online retail sales in Indonesia currently account for less than one percent of total bricks-and-mortar retail sales. He views this as indicating significant growth potential.

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