Financing Options Shift to Digital Platforms, OJK: Public Peer-to-Peer Lending Debt Reaches IDR 105 Trillion as of June 2026

The Financial Services Authority (OJK) has reported that outstanding financing in the online lending (P2P lending) industry grew by 25.88 percent year-on-year (yoy) as of June 2026, reaching IDR 105.14 trillion. Agusman, the OJK’s Chief Executive for the Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML), stated that this growth was the highest compared to other financial services under his supervision. “In the P2P lending industry, outstanding financing grew by 25.88 percent to a value of IDR 105.14 trillion,” Agusman said during an OJK press teleconference on Tuesday, 4 August 2026. “The 25.88 percent growth in outstanding financing in the P2P lending industry is much higher than other sectors under PVML supervision,” he added. Agusman noted that the outstanding figure in the P2P lending industry was still higher compared to the receivables of multifinance companies, which only grew by 1.88 percent (yoy) to IDR 511.26 trillion, supported by a 6.36 percent (yoy) increase in working capital. Consequently, although the outstanding P2P lending figure remains below the IDR 511.26 trillion in multifinance receivables, the rapid pace of P2P expansion across all PVML industry lines indicates a trend of shifting public financing preferences towards digital platforms. Nevertheless, Agusman confirmed that for the same period, the non-performing loan rate for loans overdue by more than 90 days (TWP90) in the P2P lending industry stood at 4.26 percent, with the industry’s financing quality remaining under supervision. In contrast, Agusman reported that venture capital financing in June 2026 experienced a 0.44 percent (yoy) decline, with a financing value of IDR 16.48 trillion. Meanwhile, the pawnshop industry also recorded significant growth, with financing distribution rising by 54.47 percent (yoy) to IDR 162 trillion, 84 percent of which was channelled to pawn products.