Indonesia issues regulation on FinTech lending

The Financial Services Authority (OJK) has finally issued a regulation on financial technology firms that run peer-to-peer (P2P) lending businesses. The regulation, POJK No. 77/2016, requires a fintech company to have Rp 1 billion (US$74,239) capital when it registers its business with the OJK. Read more: www.thejakartapost.com