Indonesia: Business Competition Supervisory Commission announced investigation into Modalku, KrediFazz, EasyCash, AdaKami, KreditPintar and Asetku over alleged cartel pertaining to daily interest rate ceilings in online cash loan sector
Description
Business Competition Supervisory Commission announced investigation into Modalku, KrediFazz, EasyCash, AdaKami, KreditPintar and Asetku over alleged cartel pertaining to daily interest rate ceilings in online cash loan sector
On 25 April 2025, the Indonesian Business Competition Supervisory Commission (KPPU) announced an investigation into 97 lending providers, including KreditPintar, Asetku, Modalku, KrediFazz, EasyCash, and AdaKami, which together are the dominant play…
Scope
Policy Area
Competition
Policy Instrument
Anti-competitive agreements regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
competition authority