Key Changes and Implications of OJK's New Regulation on P2P Lending

To keep pace with the rapid growth of digital lending space and address key aspects such as financial inclusion and consumer protection, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued a new regulation. On 24 December 2024, OJK enacted OJK Regulation No. 40 of 2024 on Information Technology Based Collective Funding Services (“POJK 40”), which updates the requirements for peer-to-peer lending operators (“P2P Operators”) and revokes the previous regulation, POJK 10/POJK.05/2022 (“POJK 10”).

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