Tabita Diela

Indonesian authorities taking on aggressive Chinese online lenders

The wave of predominantly Chinese fintech lenders, who often do not register and employ aggressive debt collection practices, is now alarming regulators.


Indonesia mulls imposing cap on interest rates, loans offered by fintech firms

More than 300,000 people have borrowed from these firms, with total loan distribution reaching 3 trillion rupiah ($218 million) as of January.


Indonesia’s fintech lending surge takes advantage of deficit in bank credit

The emergence of these peer-to-peer (P2P) lending platforms has so far been welcomed by Indonesia’s financial regulators.


Indonesia’s central bank issues fresh warning over cryptocurrencies

Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.