{
    "success": true,
    "data": {
        "id": 1972088,
        "msgid": "ojk-bnpl-outstanding-balance-share-remains-small-significant-growth-potential-remains-1789043171",
        "date": "2026-09-10 18:26:10",
        "title": "OJK: BNPL outstanding balance share remains small, significant growth potential remains",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Financial Services Authority (OJK) has identified substantial growth opportunities for the 'Buy Now Pay Later' (BNPL) sector, noting its current outstanding balance represents only 2.45% of total financing. Despite its small market share, the sector has demonstrated robust year-on-year growth and an improving non-performing financing rate.",
        "content": "<p>Jakarta (ANTARA) - The Financial Services Authority (OJK) believes\nthat \u2018Buy Now Pay Later\u2019 (BNPL) or \u2018paylater\u2019 within the finance company\nindustry still possesses significant growth potential, as its share of\nthe outstanding balance relative to total financing has only reached\n2.45 per cent.<\/p>\n<p>\u201cThe share of the outstanding balance is still very small. This\nactually presents an opportunity for the BNPL industry to increase its\nproportion. If it could reach 30 per cent, it would be extraordinary and\nsignificantly boost the growth of financing distribution,\u201d said the Head\nof the OJK Financing Institution Supervision Directorate, Moch. Riezky\nF. Purnomo, in Jakarta on Thursday.<\/p>\n<p>Based on information from the Financial Information Service System\n(SLIK), BNPL financing by finance companies grew by 54.65 per cent\nyear-on-year to Rp13.62 trillion as of July 2026.<\/p>\n<p>\u201cI am grateful that Buy Now Pay Later has already shown a\nsufficiently wide contribution,\u201d he said.<\/p>\n<p>He noted that the number of BNPL users has reached 26.64 million\naccounts so far. Given Indonesia\u2019s large productive-age population, he\nbelieves there remains a massive opportunity for BNPL growth.<\/p>\n<p>Furthermore, the gross non-performing financing (NPF) for BNPL\ndecreased to 3.03 per cent as of July 2026, showing an improvement from\nthe previous month\u2019s figure of 3.09 per cent.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-bnpl-outstanding-balance-share-remains-small-significant-growth-potential-remains-1789043171",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}