TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search results
In recent years, the Indonesian public has been fed countless startup companies operating under the financial technology (fintech) umbrella. Although this presents opportunities to increase the financial inclusion rate, it turns out that many insincere startup companies have merely used such jargon as a marketing gimmick to induce hype from investors.
According to Financial Services Authority (OJK) data, transactions through peer to peer (P2P) lending totaled Rp 13.8 trillion (US$951 million) in the first three quarters of 2018, with the non-performing loan (NPL) rate recorded at 1.2 percent.
The involvement of financial technology (fintech) companies in the field of peer-to-peer (P2P) lending has attracted attention from the public and regulators, namely the Financial Services Authority (OJK) and Bank Indonesia (BI). Players within the financial services ecosystem expect P2P lending to become a solution for the lack of access to financial services in the country and to achieve financial inclusion through synergy with other financial institutions and technology companies.
