Jakarta, October 13, 2025 – The Indonesian Business Competition Supervisory Commission (KPPU) continued hearings in a case examining alleged coordination in setting online lending interest rates. The latest session centred on testimony from a senior official of the Financial Services Authority (OJK).
Key Testimony
Tomi Joko Irianto, Senior Supervisor at OJK’s Department of Microfinance and Other Financial Institutions, appeared as a witness presented by KPPU investigators. He outlined how online lending interest rates were determined and evolved between 2018 and 2024, highlighting trends in pricing practices among digital lending platforms.
Irianto’s statement provided the KPPU with regulatory context on the structure and oversight of Indonesia’s online lending market. Investigators questioned him on how rate-setting mechanisms might influence competition and whether coordination among lenders could affect consumer pricing and market entry.
The hearing was chaired by Commissioner Rhido Jusmadi, with members M. Fanshurullah Asa, Mohammad Noor Rofieq, Gopprera Panggabean, Mohammad Reza, Eugenia Mardanugraha, and Budi Joyo Santoso attending in person, while Aru Armando joined remotely.
The examination stage is scheduled to run for up to 60 working days from September 29, 2025, with a possible 30-day extension.
Source: https://kppu.go.id/wp-content/uploads/2025/10/Siaran-Pers-No.-069_KPPU-PR_X_2025.pdf
