OJK: Indonesia's Buy Now Pay Later Debt Rises to Rp24.33 Trillion

3 days ago 10

October 12, 2025 | 03:24 pm

TEMPO.CO, Jakarta - Indonesia's Financial Services Authority (OJK) reported that public debt through banking-based buy now, pay later (BNPL) services continues to rise.

As of August 2025, outstanding paylater credit in banks reached Rp24.33 trillion, up from Rp24.05 trillion in the previous month.

“The portion of buy now pay later (BNPL) credit in the banking sector currently accounts for 0.30 percent of total bank lending and continues to show strong annual growth,” said OJK Executive Head of Banking Supervision, Dian Ediana Rae, in a press release quoted on Sunday, October 12, 2025.

According to OJK data, the debit balance of BNPL loans reported in the Financial Information Service System (SLIK) grew by 32.35 percent year-on-year as of August 2025, slightly down from 33.56 percent growth in July.

The number of accounts using BNPL services in banks also continues to expand. SLIK data show that paylater accounts in banking institutions reached 29.33 million in August, compared with 28.25 million in July and 24.79 million in June.

Paylater loans in multifinance companies have also recorded rapid growth. As of August 2025, BNPL financing in multifinance institutions amounted to Rp 9.97 trillion, based on SLIK data.

This figure represents an annual growth rate of 79.91 percent, up sharply from the previous month, when BNPL disbursement stood at Rp8.81 trillion with 56.74 percent growth.

The gross non-performing financing (NPF) rate for these loans was recorded at 2.92 percent in August 2025.

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