Indonesia’s Financial Services Authority (OJK) has summoned PT Kredit Utama Fintech Indonesia, known as Rupiah Cepat, following public complaints regarding sudden disbursement of funds through the company’s online lending application without any prior loan application from users.

The move comes after the issue gained attention in mass media and across social media platforms. In its official statement, OJK confirmed it had received direct complaints from the public and immediately took regulatory action by requesting clarification from the fintech peer-to-peer (P2P) lending operator.

OJK has instructed Rupiah Cepat to conduct an internal investigation into the alleged violations and to submit a full report to the authority.

The company has also been ordered to respond to consumer complaints in compliance with existing regulations governing financial technology services.

"OJK reminds everyone to practice discretion in receiving loan offers from any parties and to protect passwords and one-time password (OTP), minimizing irresponsible usage or misuse of personal data," the statement read.

The authority reaffirmed its commitment to prioritizing consumer protection within the financial services sector, including the rapidly expanding online lending industry.

PHOTO: RUPIAH CEPAT/POSKOTA

This article was created with AI assistance.