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).
Google's final challenge against the KPPU's anti-monopoly ruling last year ended in failure on Tuesday, when the Supreme Court issued a decision to uphold the competition watchdog’s US$12 million fine and related orders against the mandated the use of its payment system for local developers.
Concerns over predatory pricing and unfair competition in Indonesia’s e-commerce landscape have resurfaced following the preliminary findings presented during Initial Commission Hearing on May 27, 2025, at the Business Competition Supervisory Commission (KPPU) office. The commisison revealed a notable increase in market concentration after TikTok’s acquisition of Tokopedia, raising the risk of monopolistic practices such as tying, bundling, and the influx of low-cost, illegally imported goods onto the Tokopedia platform.
The antitrust agency ordered Google to immediately cease enforcing the mandatory use of its Google Play Billing and to allow developers to introduce alternative billing options next to Google Play's billing system.
Shopee had admitted to having violated anti-competition rules by directing customers to certain delivery services after being accused of the breaches last month, antitrust agency, known as KPPU, said in a statement.
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.