97 Indonesian online lenders fined record $47m for interest-rate cartel
By Roffie Kuniawan ( March 26, 2026, 14:13 GMT | Insight) -- Indonesia’s competition regulator on Thursday found 97 online lenders guilty of price fixing in the country’s fintech lending sector, imposing total fines of 755 billion rupiah ($47 million) — the largest penalty ever issued by the watchdog in a single case. The Indonesian Competition Commission imposed fines ranging from 1 billion rupiah to 102.3 billion rupiah. More than half of the companies — 52 lenders — received the minimum fine, while fintech lender AdaKami was handed the largest penalty.Indonesia's competition regulator has found 97 online lenders guilty of price fixing in the country’s fintech lending sector, imposing total fines of 755 billion rupiah ($47 million) — the largest penalty ever issued by the watchdog in a single case....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.