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AFPI

KPPU’s hefty fines threaten P2P lenders’ survival, shake investor confidence
Tech 6 days ago

PREMIUM
KPPU’s hefty fines threaten P2P lenders’ survival, shake investor confidence

Experts noted that similar maximum interest rate rules exist in other countries, but argued that Indonesia’s implementation needs improvement. 
KPPU slaps $44m fine on P2P lenders over cartel scheme
Tech 1 week ago

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KPPU slaps $44m fine on P2P lenders over cartel scheme

The Indonesian Fintech Association (AFPI) has expressed disappointment over the ruling, saying that the maximum economic benefit set by its members was determined under a directive from the Financial Services Authority (OJK).
New OJK warning on P2P lending apps leaves users unfazed
Tech 1 year ago

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New OJK warning on P2P lending apps leaves users unfazed

The OJK's latest initiative to deter people from taking out loans they cannot afford might not be as effective as intended, according to several frequent borrowers who spoke to the Post.
Interest rate cap eats into peer-to-peer lenders’ earnings
Tech 1 year ago

PREMIUM
Interest rate cap eats into peer-to-peer lenders’ earnings

A prolonged trend of declining profitability could dent the survivability of the firms.
AFPI projects conservative growth amid macro woes, stringent rules
Tech 1 year ago

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AFPI projects conservative growth amid macro woes, stringent rules

Fintech lending association projects between 5 and 7 percent growth for the sector this year.
OJK’s planned rate rules could ‘kill’ P2P lenders: Observer
Regulations 3 years ago

PREMIUM
OJK’s planned rate rules could ‘kill’ P2P lenders: Observer

The Financial Services Authority (OJK) will decide what interest rates peer-to-peer lenders may impose on borrowers in a move that some claim could kill a vital segment of the fintech industry.
Fintech association to establish task force as bad loans soar
Business 5 years ago

Fintech association to establish task force as bad loans soar

The Indonesian Fintech Lenders Association (AFPI) has pledged to create a task force to help peer-to-peer (P2P) fintech firms stem the rise of bad loans caused by the COVID-19 crisis.
Fintech firms assist govt, banks with COVID-19 public services
Business 5 years ago

Fintech firms assist govt, banks with COVID-19 public services

Financial technology (fintech) firms are cooperating with banks and other companies to provide public services, including by helping disburse the government’s COVID-19 relief package, says an association leader.
Fintech firms offer to help disburse govt COVID-19 funds
Business 5 years ago

PREMIUM
Fintech firms offer to help disburse govt COVID-19 funds

The government remains undecided about the suggestion.
Online lenders join data center to foil recalcitrant borrowers
Business 6 years ago

PREMIUM
Online lenders join data center to foil recalcitrant borrowers

 The Financial Data Center (FDC) was launched by the Indonesian Fintech Lenders Association (AFPI) and the Financial Services Authority (OJK) in November of last year to help platforms identify excessive borrowing, bad credit and fraud from the data stored by other FDC members.
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