Regulatory AlertsRegulation of the Board of Commissioners of the Financial Services Authority Number 2 of 2026 Concerning the Implementation of Buy Now Pay Later for Financing Companies and Sharia Financing Companies
The Financial Services Authority (OJK) issued Regulation Number 2 of 2026 to comprehensively regulate Buy Now Pay Later (BNPL) services provided by financing and Sharia financing companies. This regulation establishes detailed requirements for operational approval, prudential principles, consumer protection, data management, credit scoring, and information transparency. It mandates compliance with feasibility analyses regarding borrower age and income, with full implementation for new acquisitions and extensions scheduled by July 1, 2026.
Share