Executive Summary

Key insights and market outlook

The Financial Services Authority (OJK) is strengthening regulations for P2P lending through new rules, including mandatory use of escrow accounts and enhanced credit scoring ¹

. These measures aim to address rising default rates and protect consumers in Indonesia's rapidly growing fintech lending sector. The outstanding P2P lending balance reached Rp94.85 trillion in November 2025, with a 4.33% TWP90 rate for 24 platforms ¹.

Full Analysis

02

Deep Dive Analysis

OJK Strengthens Oversight of P2P Lending Industry

Enhanced Regulatory Measures

The Financial Services Authority (OJK) is implementing stronger regulations for the P2P lending industry through various SEOJK and POJK regulations ¹

. Key measures include:

Mandatory escrow accounts to ensure proper fund disbursement
Enhanced credit scoring to improve borrower assessment
Stricter borrower limits, preventing funding from more than three platforms
Anti-fraud strategies through POJK 12/2024 implementation

These measures aim to address growing concerns about default rates, particularly after recent high-profile cases involving PT Investree Radhika Jaya and PT Dana Syariah Indonesia ¹

.

Industry Outlook and Challenges

Despite regulatory challenges, the Indonesian Fintech Lending Association (AFPI) remains optimistic about 2026 growth, citing:

23.86% YoY growth in P2P lending outstanding to Rp92.92 trillion by October 2025 ²
Source 2
https://finansial.bisnis.com/read/20260114/563/1944117/prospek-industri-pinjol-p2p-di-tengah-maraknya-gagal-bayar-dan-penyusutan-pemain
TWP90 maintained at 2.76% ²
Source 2
https://finansial.bisnis.com/read/20260114/563/1944117/prospek-industri-pinjol-p2p-di-tengah-maraknya-gagal-bayar-dan-penyusutan-pemain
Continued regulatory strengthening
Increased focus on productive financing and MSMEs

Industry experts warn that future growth must be quality-driven rather than volume-driven, with emphasis on risk management and financial literacy ²

.

References