OJK Says Indonesians’ PayLater Debt Reaches IDR 24 Trillion
The Financial Services Authority (OJK) has reported that Indonesian citizens’ Buy Now Pay Later (BNPL) or paylater debt in banking reached IDR 24.05 trillion as of July 2025.
This figure represents a 33.56 percent increase compared to the previous year, with total accounts reaching 28.25 million.
The OJK’s Chief Executive for Banking Supervision, Dia Ediana Rae, explained that the portion of paylater credit is still relatively small, at 0.30 percent of total bank credit. However, its high annual growth continues to attract attention.
The paylater financing trend is also surging in the financial institutions sector. The OJK’s Chief Executive for PVML Supervision, Agusman, revealed that paylater financing by finance companies reached IDR 8.81 trillion in July 2025.
This figure is a 56.74 percent annual increase. However, the non-performing loan ratio (NPF gross) remains stable at 2.95 percent.
Meanwhile, in the online lending industry (pindar), outstanding financing also showed positive growth, rising 22.01 percent to IDR 84.66 trillion.
