#Fintech
GoTo’s fintech arm swings to profit as GoPay transactions surge 54 percent
The financial technology arm of PT GoTo Gojek Tokopedia (GOTO) posted robust growth in the third quarter of 2025, marking a significant turnaround in profitability and reinforcing its position as one of Indonesia’s leading digital finance platforms.
Digital Bank Summit 2025 to spotlight trusted digital finance for inclusive growth
The Indonesian Fintech Association (AFTECH) will host the Indonesia Digital Bank Summit (IDBS) 2025 on Tuesday, August 19, 2025, at the Raffles Hotel in Jakarta.
Association raises alarm over massive circulation of illegal online loans
The Indonesian Fintech Lending Association (AFPI) has issued the alarming scale of illegal online lending (pinjol) in the country, warning that these illicit services not only harm the public but also erode trust in legitimate online lending platforms (pindar).
OJK, CELIOS stress balance in P2P lending ecosystem amid cartel probe
The Financial Services Authority (OJK) is seeking to maintain the growth momentum of Indonesia’s peer-to-peer (P2P) lending sector, or online lending (pindar), by ensuring balanced benefits for both lenders and borrowers, even as the industry faces challenges from illegal lenders, loan default communities, and fraud schemes.
OJK cracks down on rising fraud cases in fintech lending sector
The Financial Services Authority (OJK) has acknowledged a growing trend of deliberate loan defaults and fraud in the country’s peer-to-peer (P2P) lending sector -- known as digital lending -- with a number of fintech startups under scrutiny for alleged financial misconduct.
AdaKami praises adjustment of “Pinjol” interest rate set by OJK
An industry player has praised the Financial Services Authority (OJK) for adjusting the maximum interest rate on consumer fintech online lending platforms (pinjol) − with maximum daily interest at 0.3 percent for tenors under six months and 0.2 percent for tenors over six months − that will take effect on January 1, 2025.