Govt: 400 Online Lending Sites, Fintech Platforms Being Shut Down

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  • TEMPO.CO, Jakarta - Communication and Informatics (Kominfo) Minister Rudiantara said the ministry had shut down 400 financial technologies (fintech), consisted of sites and applications, related to fraud cases on online loan services that are recently rampant in Indonesia.

    “We have shut down 400 fintech of online lending services after confirmed by the Financial Services Authority (OJK),” said Rudiantara in the Kominfo ministry building in Jakarta, Monday, December 10.

    Rudiantara said the public could file a complaint regarding the online loan to OJK. “First, a complaint can be sent to OJK because OJK has the authority on the permit of online lending fintech, and then OJK reports the case to us. Secondly, fill out the complaint box via the Kominfo website,” he explained.

    People, the minister added, could directly send a complaint via the ministry website. According to him, illegal lending loan service is part of negative content which can be reported.

    “The public can send a complaint along with the reasons. We will continuously update every complaint, and if we find it, we will proceed it to arrest. But for sure, we confirm the case with OJK in advance,” he added.

    Rudiantara said people could report illegal online lending firm easily without a hassle. “No need to send a letter, because we are in a digital era that everything is fast, we will immediately block [such illegal fintech loan service],” he underlined.

    Earlier, the Jakarta Legal Aid Institute (LBH Jakarta) attorney Jeanny Silvia Sari Sirait said there were over 300 complaints received by her agency since the opening of a complaint center for financial technology (fintech) consumers harmed by peer-to-peer lending or online-based lending firm on November 4.