OJK Maintains List of 94 Licensed Fintech Lending Platforms

Regulatory Update for Fintech Industry

The Financial Services Authority (OJK) has confirmed that there are 94 licensed fintech lending platforms operating in Indonesia as of January 2026. This number was updated following the voluntary return of operational license by PT Astra Welab Digital Arta, the operator of Maucash, a registered fintech lending service. The decision was made as part of Astra group's business strategy restructuring in the unsecured lending segment.

Industry Performance Metrics

As of October 2025, the total outstanding loans in the fintech lending industry reached Rp92.92 trillion. This figure includes the principal amount, unearned interest income, and other charges. Despite the large volume, the industry maintained a relatively stable asset quality with a non-performing loan (NPL) rate of 2.76%. This indicates that out of all loans disbursed by fintech lending platforms, only 2.76% were classified as non-performing (overdue for 90 days or more).

Regulatory Enforcement Actions

To maintain industry compliance and integrity, OJK has taken enforcement actions against non-compliant players. As of November 2025, the regulator had imposed administrative sanctions on 14 fintech lending companies. These actions demonstrate OJK's commitment to maintaining a healthy and compliant fintech lending ecosystem in Indonesia.

Market Implications

The presence of licensed fintech lending platforms provides consumers with access to formal credit channels while minimizing exposure to illegal lending practices. OJK continues to advise consumers to use only registered fintech lending services to avoid risks associated with unlicensed operators, such as exorbitant interest rates and uncontrolled collection practices.