OJK plans to roll out new regulations governing fintech peer-to-peer lending activities in order to strengthen the sector’s operations, and increase consumer protection. The changes in the regulation covers ownership of the fintech lender, funding limits, equity and capital requirements, and a number of restrictions on consumer protection (e.g: billing procedures). Following the change in regulation, all peer-to-peer lenders require a minimum paid-up capital of US$ ~1.7 million (IDR 25 billion). Furthermore, funding from a single lender is capped at 25% of the outstanding loan book each month, with the exception for OJK-licensed lenders.

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