Bank Central Asia (BCA) was founded by Salim Group as “NV Perseroan Dagang Dan Industrie Semarang Knitting Factory".

[3] Bank Central Asia expanded rapidly during the 1980s and 90s, BCA works with well-known institutions, such as PT Telkom, Citibank, and American Express.

It was in massive debt and as a result it was taken over by the Indonesian Bank Restructuring Agency and sold to another conglomerate group Djarum.

[5] Bank Central Asia's beginnings began in 1955, founded as “NV Perseroan Dagang Dan Industrie Semarang Knitting Factory" by businessman Lim Sioe Liong.

[citation needed] Around 1980, BCA aggressively expanded its branch network in line with deregulation of the Indonesian banking sector.

[citation needed] In 1990, BCA developed the Automated Teller Machine (ATM) network as an alternative delivery channel.

In 2014–2016, BCA developed MyBCA, a self-service digital banking outlet; expanded cash recycling machine-based ATM networks; and launched the Sakuku app-based electronic wallet.

In 2018 BCA launched a peer-to-peer transfer feature using QR code technology, applicable on m-BCA and Sakuku.