AFTECH and Mandala Consulting Highlight Expansion of Credit Access via Bank-P2P Synergy
AFTECH and Mandala Consulting have highlighted the expansion of credit access through synergy between banks and P2P lending platforms.
The Indonesian Fintech Association (AFTECH), together with Mandala Consulting, launched a white paper titled “Promoting the Expansion of Credit Access through Responsible Collaboration between Banks and P2P Lending Platforms”. The content explores the gap in formal credit access in Indonesia, as well as the potential for collaboration between banking institutions and online lending platforms (pindar) or fintech peer-to-peer (P2P) lending.
AFTECH’s Secretary General, Firlie Ganinduto, stated that the white paper was compiled following forums for presenting study findings and panel discussions involving regulators, banking institutions, industry associations, economists, the insurance sector, and the ecosystem of Alternative Credit Rating (PKA).
“This white paper affirms that the expansion of credit access in Indonesia cannot rely on a single financing channel alone,” said Firlie in his statement.
He added that responsible collaboration between banks and pindar is key to opening up financing expansion and reaching segments of society that have not been optimally served. “While upholding principles of prudence and strong governance,” he said.
In agreement, the Chief Executive Officer (CEO) of Mandala Consulting, Manggala Putra Santosa, revealed that increasing the credit ratio greatly determines a country’s economic growth level through strengthening consumption, investment, and productivity.
However, it cannot be denied that the challenges of credit access in Indonesia are still inseparable from the large population that has not fully integrated into the formal financial system.
World Bank data shows that around 48 percent of Indonesian adults are still underbanked, while OJK’s SNLIK data indicates that banking financial inclusion has only reached around 70 percent in 2025.
“This means that about 30 percent of adults in Indonesia are still financially excluded,” he said.
The white paper launch event serves as a space for dialogue across stakeholders to discuss the implications of bank and pindar collaboration on financial inclusion, productive financing for Micro, Small, and Medium Enterprises (UMKM), and its impact on economic growth and financial system stability.
The stagnation of credit access amid rising financing needs reflects the limitations of the formal financing system in reaching all layers of society, especially the underbanked segment.
The collaborative approach between banks and pindar is becoming increasingly important to expand access to financing in order to support the achievement of inclusive and sustainable economic growth targets.