PT Astra Welab Digital Arta, the operator of online lending platform Maucash, announced the termination of all its services after Indonesia’s Financial Services Authority (OJK) approved the return of its business license (05/01). The decision marks the official halt of all electronic funding activities conducted through Maucash.

The announcement was delivered on Monday and confirmed that the shutdown followed regulatory approval.

Astra-Backed Fintech Ends Services to Meet OJK Regulation

The company stated that the move was taken to comply with OJK Regulation No. 40 of 2024 concerning Technology-Based Funding Services (LPBBTI). OJK approved the plan through Letter No. S-40/D.06/2025 dated December 17, 2025, which granted the request for license revocation based on the company’s own initiative.

With the approval in place, all funding activities on the Maucash platform were officially declared stopped.

OJK Approval Confirms Voluntary License Revocation

OJK’s approval formalized the revocation of Maucash’s operating license. This regulatory decision confirms that the company is no longer permitted to operate electronic-based lending services.

Bisnis has confirmed the corporate action, but as of the time of publication, Maucash had not provided a response regarding the reasons behind the decision.

Stakeholders Asked to Contact Maucash Until January 31, 2026

The company advised parties with interests related to the license return process to contact Maucash directly. Inquiries and submissions can be made via email at [email protected].

This communication channel will remain open until January 31, 2026, to provide further information related to the process.

Maucash Previously Highlighted Positive Industry Performance

In earlier reports, Maucash management stated that the long-term potential of Indonesia’s online lending industry remained strong, especially in productive lending segments. Marketing Director Indra Suryawan previously said the fintech lending sector showed positive growth.

Based on OJK data, outstanding fintech financing increased by 29.14% year-on-year as of December 2024, compared with 16.67% previously. The non-performing loan ratio (TWP90) improved to 2.60% from 2.93% in 2023, while Maucash recorded 19% growth in loan disbursement during 2024 and maintained a TWP90 level of 0.12%.

PHOTO: MNC MEDIA/IDX CHANNEL

This article was created with AI assistance.