Indonesia's Fintech Lending Market Shows Strong Growth

Outstanding Value Reaches Rp92.92 Trillion

The Financial Services Authority (OJK) reported that Indonesia's fintech lending outstanding value reached Rp92.92 trillion by October 2025, representing a significant 23.86% year-on-year growth. This growth rate accelerated from the previous month's 22.16% increase, indicating continued strong demand for digital lending services.

Improved Asset Quality

Despite the rapid growth, the fintech lending sector maintained healthy asset quality with an aggregate non-performing loan (NPL) ratio of 2.76%, an improvement from the previous month's 2.82%. This improvement suggests that lenders are effectively managing their credit risk amid the sector's expansion.

BNPL Segment Leads Growth

The buy now, pay later (BNPL) segment was a significant growth driver, with outstanding value surging 69.71% year-on-year to Rp10.85 trillion. This rapid growth highlights the increasing consumer appetite for deferred payment solutions in Indonesia's digital economy.

Regulatory Oversight

OJK continues to monitor the sector closely, balancing the need for growth with prudent regulation. The regulator's oversight is crucial in maintaining the sector's stability while supporting innovation in financial technology.