Inp.polri.go.id - Jakarta. The Financial Services Authority (OJK) acknowledged and respected the Business Competition Supervisory Commission (KPPU) ruling issued Thursday, which found 97 online lending platforms guilty of price-fixing.

"OJK will continue to monitor industry developments and ensure every digital lender operates according to regulations to maintain sector stability and public trust," said M. Ismail Riyadi, the OJK Head of Literacy and Communication,  on Friday (27/3/2026), as reported by antaranews.com.

The KPPU tribunal concluded that the lenders violated Article 5 of Law No. 5 of 1999 by coordinating interest rates far above market equilibrium, effectively stifling price competition. Consequently, the commission imposed collective fines totaling Rp 755 billion, with 52 firms receiving the minimum penalty of Rp 1 billion each. In response, OJK considered that it has already implemented Circular Letter (SEOJK) No. 19 of 2025 to strictly cap economic benefits and enhance consumer protection. 

Moving forward, the regulator is committed to strengthening risk management and governance within the fintech sector, aligning with the 2023-2028 Roadmap to ensure a healthier, more transparent digital finance landscape for Indonesian consumers and SMEs.

(mg/inp/pr/rs)