Amid global uncertainty and signs of a domestic economic slowdown, Indonesia’s Financial Services Authority (OJK) remains optimistic that the banking sector will maintain stable performance.
Indonesia’s stock market is showing impressive performance, with the Jakarta Composite Index (JCI) poised to continue its rally and potentially break through the next psychological threshold of 8,000.
Despite their limited scale, microfinance institutions help drive a more inclusive economy.
Put simply, Payment ID is a “financial ID card”—a single identifier that works across banks, e-wallets, and other payment platforms. With this system, customers no longer need to repeat verification each time they open a new account.
Indonesia’s banking industry, for its part, is intensifying efforts to prevent digital financial crime—focusing on education, advanced technology, and cross-agency collaboration.
By end-June 2025, the Financial Services Authority (OJK) recorded total public losses of Rp 4.1 trillion. Of that, Rp 348.3 billion in victim funds was successfully frozen.
After sparking debate in public forums and on social media, Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) on Thursday (July 31, 2025) lifted the freeze on 28 million dormant bank accounts.
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