OJK Strategy to Expand Financial Access and Financing for PVML Industry

The Financial Services Authority (OJK) is strengthening the financing, venture capital, microfinance, and other financial services (PVML) industry to broaden public access to finance. OJK is promoting digitalisation to facilitate financial access and financing for the PVML industry, while also bolstering regulation and improving literacy and education to prevent fraud, including illegal pawnbroking. On the other hand, OJK is also ensuring efforts to suppress financing risks or non-performing loans (NPL), particularly in the online lending and pawnbroking industries.