Fintech in Indonesia: Is Consumer Lending Regulated?

Consumer lending is regulated in Indonesia, with a particular focus on IT-based money lending services (peer-to-peer lending), as regulated under Financial Services Authority (OJK) Regulation No. 10/POJK.05/2022 regarding Information Technology-Based Co-Financing Services (OJK Reg. 10/2022). This regulation requires providers of IT-based co-financing services to be a limited liability company and meet certain prerequisites. The OJK … Fintech in Indonesia: Is Consumer Lending Regulated?