OJK Monitors KoinP2P After Capital Injection Amid Default Issues

Regulatory Oversight Continues

The Financial Services Authority (OJK) has confirmed that PT Lunaria Annua Teknologi, operating as KoinP2P, has received a limited capital injection from its shareholders to support its ongoing operations. This development comes as the peer-to-peer (P2P) lending platform continues to grapple with significant default issues.

Key Regulatory Actions

OJK has emphasized its commitment to closely monitoring KoinP2P's capital and operational conditions. The regulatory body is focused on ensuring that the company maintains compliance with existing financial regulations while working to resolve its current challenges. According to Agusman, Head of Executive Supervisor for Financial Institutions at OJK, the capital injection was made to support the continuity of KoinP2P's operations.

Consumer Protection Measures

The OJK has reaffirmed that KoinP2P remains obligated to continue serving its customers and processing complaints through both online and offline channels. This requirement is part of the regulatory framework designed to protect consumer interests while maintaining order in the fintech lending sector. The situation with KoinP2P highlights the ongoing challenges faced by P2P lending platforms in Indonesia and the importance of effective regulatory oversight in maintaining market stability.