Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsRecent crackdown on fintech lending ignores a critical reality: these "price-fixing" measures were actually regulatory mandates designed to protect consumers. By applying a rigid competition framework to a co-regulated market, the KPPU risks stifling financial inclusion and deterring the very investors the nation needs.
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).
The default rate of peer-to-peer lending in the fintech industry has worsened, with the ratio of 90 days past due (TWP90) loans to total loans standing at 4.33 percent in November, up from 2.52 percent in November 2024, according to Financial Authority Services (OJK) data.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.