idScore Records Buy Now Pay Later Debt Reaching Rp 56.3 Trillion

PT PEFINDO Credit Bureau (idScore) records total outstanding or debt on Buy Now Pay Later (BNPL) services reaching Rp 56.3 trillion in February 2026. This figure increased by 86.7% year-on-year, surpassing conventional consumer credit.

Based on idScore data, outstanding Buy Now Pay Later from online lending platforms grew the fastest, reaching 153.49% year-on-year with a value of Rp 16.9 trillion. This was followed by multifinance at 84.80% with Rp 13.6 trillion; digital banks at 37.12% with Rp 16.2 trillion; and general banks at 6.81% with Rp 18.9 trillion. The number of PayLater debtors is recorded at 26.2 million debtors.

However, idScore’s President Director Tan Glant Saputrahadi stated that the rapid growth in PayLater usage is overshadowed by bad debt risks. The Non-Performing Loan (NPL) or bad credit for PayLater in February 2026 was recorded at 5.06%.

“On the other hand, the problematic credit ratio in this segment remains at a relatively high level of around 5%, reflecting the need to strengthen responsible lending principles, utilisation of more precise data, and financial education for the public,” said Glant during a media gathering at idScore’s office in Jakarta on Tuesday, 28 April 2026.

The province with the highest NPL is Aceh at 14.53%. This is followed by North Maluku at 7.34% and West Papua at 7.21%.

idScore also highlights patterns of multi-account PayLater ownership, where the average debtor has 7 active facilities across various financial service institutions. Even extreme cases were found of debtors with more than 1,000 credit facilities. “This fact indicates potential increasing over-leverage risk if not managed prudently,” said Glant.