Regulatory AlertsOJK Regulation No. 32 of 2025 on the Implementation of Buy Now Pay Later (BNPL)
The Financial Services Authority (OJK) issued Regulation No. 32 of 2025 to establish a reliable digital financing ecosystem by regulating Buy Now Pay Later (BNPL) services provided by commercial banks and financing companies. The regulation mandates strict adherence to BNPL characteristics, consumer protection, information transparency, and operational standards to ensure legal certainty and financial stability. Entities currently offering BNPL must adjust their operations to comply with these new requirements within six months of the regulation's enactment.
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