{
    "success": true,
    "data": {
        "id": 1639333,
        "msgid": "kppu-uncovers-dirty-practices-in-online-loans-fines-97-fintech-companies-rp755-billion-1774630282",
        "date": "2026-03-27 20:49:25",
        "title": "KPPU Uncovers Dirty Practices in Online Loans, Fines 97 Fintech Companies Rp755 Billion",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesia's Commission for the Supervision of Business Competition (KPPU) has imposed a total fine of Rp755 billion on 97 peer-to-peer lending fintech companies for violating competition laws through collusive practices in setting loan interest rates. The ruling, delivered in a major case, addresses deceptive schemes where borrowers were lured with low apparent rates that escalated to excessive levels, far exceeding the ethical limit of 0.8% daily interest. This landmark decision underscores the KPPU's commitment to protecting consumers from predatory lending practices in the rapidly growing fintech sector.",
        "content": "<p>Jakarta \u2013 The Head of the Public Relations and Cooperation Bureau of\nthe Commission for the Supervision of Business Competition (KPPU),\nDeswin Nur, stated that his institution has imposed significant\nsanctions on dozens of online loan (pinjol) companies in a case\nconcerning interest rate determination. The decision was read out during\nthe hearing of Case No.\u00a005\/KPPU-I\/2025 held in Jakarta on Thursday, 26\nMarch 2026.<\/p>\n<p>\u201cThis case relates to alleged violations of Article 5 of Law No.\u00a05 of\n1999,\u201d said Deswin on Friday (27\/3\/2026).<\/p>\n<p>The hearing took place in the RB Supardan Building Hearing Room and\nwas chaired by Rhido Rusmadi as the Chairman of the Commission Panel,\nalong with members M. Fanshurullah Asa, Aru Armando, M. Noor Rofieq,\nGopprera Panggabean, Hilman Pujana, Mohammad Reza, Eugenia Mardanugraha,\nand Budi Joyo Santoso. This decision is one of the largest cases ever\nhandled by the KPPU, both in terms of the number of respondents and its\nimpact on society.<\/p>\n<p>The Commission Panel stated that 97 peer-to-peer lending (P2P)\nfintech business actors were legally and convincingly proven to have\nviolated business competition rules, particularly regarding the\ndetermination of prices or loan interest rates.<\/p>\n<p>\u201cRespondents I through XCVII were legally and convincingly proven to\nhave violated Article 5,\u201d said Deswin.<\/p>\n<p>In its verdict, the KPPU imposed a fine totalling Rp755 billion on\nall respondents. This amount is the accumulation of fines levied on each\ncompany.<\/p>\n<p>Online Loan Interest Schemes<\/p>\n<p>Cases of online loan offers with low interest rates have previously\nensnared victims with misleading schemes. Initially, victims were\noffered interest of just 2 percent, which appeared light and\nenticing.<\/p>\n<p>However, after the loan was underway, it was revealed that this\nfigure was daily interest. This means that over a period of one month or\n30 days, the interest payable would surge to 60 percent.<\/p>\n<p>In permitted practices, legal fintech funding platforms set a maximum\ndaily interest rate of 0.8 percent. If calculated over one month, the\nupper limit of this interest equates to 24 percent.<\/p>\n<p>Nevertheless, not all platforms set interest as high as that. Several\nloan providers offer interest below the threshold, with some even\napproaching zero percent for certain tenors.<\/p>\n<p>The regulation of interest rate levels is fundamentally not directly\nset by the Financial Services Authority (OJK), but is left to each\nplatform. However, the Indonesia Joint Funding Fintech Association, as\nthe official association, has established a code of ethics stating that\ndaily interest must not exceed 0.8 percent.<\/p>\n<p>List of 97 Fintech Companies Sanctioned<\/p>\n<ul>\n<li><p>PT Abadi Sejahtera Finansindo<\/p><\/li>\n<li><p>PT Adiwisista Finansial Teknologi<\/p><\/li>\n<li><p>PT Akseleran Keuangan Inklusif Indonesia<\/p><\/li>\n<li><p>PT Aktivaku Investama Teknologi<\/p><\/li>\n<li><p>PT Alami Fintek Sharia<\/p><\/li>\n<li><p>PT Aman Cermat Cepat<\/p><\/li>\n<li><p>PT Amartha Mikro Fintek<\/p><\/li>\n<li><p>PT Ammana Fintek Syariah<\/p><\/li>\n<li><p>PT Anugerah Digital Indonesia<\/p><\/li>\n<li><p>PT Artha Dana Teknologi<\/p><\/li>\n<li><p>PT Artha Permata Makmur<\/p><\/li>\n<li><p>PT Astra Welab Digital Arta<\/p><\/li>\n<li><p>PT Berdayakan Usaha Indonesia<\/p><\/li>\n<li><p>PT Bursa Akselerasi<\/p><\/li>\n<li><p>PT Cerita Teknologi Indonesia (formerly PT Cerita Investasi\nTeknologi Indonesia)<\/p><\/li>\n<li><p>PT Cicil Solusi Mitra Teknologi<\/p><\/li>\n<li><p>PT Creative Mobile Adventure<\/p><\/li>\n<li><p>PT Crowde Membangun Bangsa<\/p><\/li>\n<li><p>PT Dana Bagus Indonesia<\/p><\/li>\n<li><p>PT Dana Kini Indonesia<\/p><\/li>\n<li><p>PT Dana Pinjaman Inklusif<\/p><\/li>\n<li><p>PT Dana Syariah Indonesia<\/p><\/li>\n<li><p>PT Digital Micro Indonesia<\/p><\/li>\n<li><p>PT Doeku Peduli Indonesia<\/p><\/li>\n<li><p>PT Duha Madani Syariah<\/p><\/li>\n<li><p>PT Esta Kapital Fintek<\/p><\/li>\n<li><p>PT Ethis Fintek Indonesia<\/p><\/li>\n<li><p>PT Fidac Inovasi Teknologi<\/p><\/li>\n<li><p>PT Finansia Aira Teknologi<\/p><\/li>\n<li><p>PT Finansial Integrasi Teknologi<\/p><\/li>\n<li><p>PT Fintech Bina Bangsa (formerly PT Dana Bina Bangsa)<\/p><\/li>\n<li><p>PT Fintegra Homido Indonesia<\/p><\/li>\n<li><p>PT Fintek Digital Indonesia (formerly PT Fintek Digital Ventura\nIndonesia)<\/p><\/li>\n<li><p>PT Gradana Teknoruci Indonesia<\/p><\/li>\n<li><p>PT Grha Dana Bersama<\/p><\/li>\n<li><p>PT Harapan Fintech Indonesia<\/p><\/li>\n<li><p>PT Idana Solusi Sejahtera<\/p><\/li>\n<li><p>PT Iki Karunia Indonesia (formerly PT Iki Dana\nIndonesia)<\/p><\/li>\n<li><p>PT Inclusive Finance Group<\/p><\/li>\n<li><p>PT Indo Fin Tek<\/p><\/li>\n<li><p>PT Indonesia Fintopia Technology<\/p><\/li>\n<li><p>PT Indonusa Bara Sejahtera<\/p><\/li>\n<li><p>PT Indosaku Digital Teknologi (formerly PT Sens Teknologi\nIndonesia)<\/p><\/li>\n<li><p>PT Info Tekno Siaga<\/p><\/li>\n<li><p>PT Inovasi Terdepan Nusantara<\/p><\/li>\n<li><p>PT Intekno Raya<\/p><\/li>\n<li><p>PT Julo Teknologi Finansial<\/p><\/li>\n<li><p>PT Kawan Cicil Teknologi Utama<\/p><\/li>\n<li><p>PT Klikcair Magga Jaya<\/p><\/li>\n<li><p>PT Komunal Finansial Indonesia<\/p><\/li>\n<li><p>PT Kreasi Anak Indonesia<\/p><\/li>\n<li><p>PT Kredifazz Digital Indonesia (formerly PT Finaccel Digital\nIndonesia)<\/p><\/li>\n<li><p>PT Kredit Pintar Indonesia<\/p><\/li>\n<li><p>PT Kredit Plus Teknologi<\/p><\/li>\n<li><p>PT Kredit Utama Fintech Indonesia<\/p><\/li>\n<li><p>PT Kreditku Teknologi Indonesia<\/p><\/li>\n<li><p>PT Kuaikuai Tech Indonesia<\/p><\/li>\n<li><p>PT Lampung Berkah Finansial Teknologi<\/p><\/li>\n<li><p>PT Pindar Berbagi Bersama (formerly PT Layanan Keuangan\nBerbagi)<\/p><\/li>\n<li><p>PT Lentera Dana Nusantara<\/p><\/li>\n<li><p>PT Linkaja Modalin Nusantara (formerly PT Igrow Resources\nIndonesia)<\/p><\/li>\n<li><p>PT Lumbung Dana Indonesia<\/p><\/li>\n<li><p>PT Lunaria Annua Teknologi<\/p><\/li>\n<li><p>PT Mapan Global Reksa<\/p><\/li>\n<li><p>PT Mediator Komunitas Indonesia<\/p><\/li>\n<li><p>PT Mekar Investama Teknologi (formerly PT Mekar Investama\nSampoerna)<\/p><\/li>\n<li><p>PT Mitrausaha Indonesia Grup<\/p><\/li>\n<li><p>PT Modal Rakyat Indonesia<\/p><\/li>\n<li><p>PT Mulia Inovasi Digital<\/p><\/li>\n<li><p>PT Oriente Mas Sejahtera<\/p><\/li>\n<li><p>PT Pasar Dana Pinjaman (formerly PT Komunindo Arga\nDigital)<\/p><\/li>\n<li><p>PT Pembiayaan Digital Indonesia<\/p><\/li>\n<li><p>PT Pendanaan Teknologi Nusa<\/p><\/li>\n<li><p>PT Pinduit Teknologi Indonesia<\/p><\/li>\n<li><p>PT Pinjaman Kemakmuran Rakyat<\/p><\/li>\n<li><p>PT Pintar Inovasi Digital<\/p><\/li>\n<li><p>PT Piranti Alphabet Perkasa<\/p><\/li>\n<li><p>PT Plus Ultra Abadi (formerly PT Fintech Uangsaku\nIndonesia)<\/p><\/li>\n<li><p>PT Pohon Dana Indonesia<\/p><\/li>\n<li><p>PT Progo Puncak Group<\/p><\/li>\n<li><p>PT Qazwa Mitra Hasanah<\/p><\/li>\n<li><p>PT Rezeki Bersama Teknologi<\/p><\/li>\n<li><p>PT Ringan Teknologi Indonesia (formerly PT Lufax Technology\nIndonesia)<\/p><\/li>\n<li><p>PT Sahabat Mikro Fintek<\/p><\/li>\n<li><p>PT Satustop Finansial Solusi<\/p><\/li>\n<li><p>PT Sejahtera Sama Kita<\/p><\/li>\n<li><p>PT Simplefi Teknologi Indonesia<\/p><\/li>\n<li><p>PT Smartec Teknologi Indonesia<\/p><\/li>\n<li><p>PT Sol Mitra Fintec<\/p><\/li>\n<li><p>PT Solid Fintek Indonesia<\/p><\/li>\n<li><p>PT Solusi Teknologi Finansial<\/p><\/li>\n<li><p>PT Stanford Teknologi Indonesia<\/p><\/li>\n<li><p>PT Teknologi Merlin Sejahtera<\/p><\/li>\n<li><p>PT Toko Modal Mitra Usaha<\/p><\/li>\n<li><p>PT Tri Digi Fin<\/p><\/li>\n<li><p>PT Trust Teknologi Finansial<\/p><\/li>\n<li><p>PT Uangme Fintek Indonesia<\/p><\/li>\n<\/ul>",
        "url": "https:\/\/jawawa.id\/newsitem\/kppu-uncovers-dirty-practices-in-online-loans-fines-97-fintech-companies-rp755-billion-1774630282",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}