Is paylater regulated in Indonesia?
Yes. Banks and finance companies offering paylater are supervised by OJK, which reported Rp31.56 trillion of bank BNPL and Rp13.62 trillion of finance company BNPL outstanding in July 2026. Kredivo, SPayLater, GoPay Later, Akulaku and Indodana are the main brands.
In detail
Yes. Banks and finance companies that offer paylater in Indonesia are supervised by OJK, the Financial Services Authority, which tracks the market closely and publishes its figures.
Market size
OJK data show bank BNPL outstanding of Rp31.56 trillion across 33.50 million accounts in July 2026, up 31.22% year on year. BNPL from finance companies grew faster, up 54.65% to Rp13.62 trillion, with gross non-performing financing at 3.03%.
The main brands
- Kredivo, which says it held about 30% of national paylater outstanding in February 2026.
- SPayLater on Shopee.
- GoPay Later in the GoPay app.
- Akulaku PayLater and Indodana PayLater.
A local specificity is that paylater balances can be spent at physical stores by scanning QRIS, so BNPL is no longer limited to online checkouts. Credit card installments at 0% remain common for large purchases, especially electronics.
What it means for payment operators
Paylater is one of the fastest-growing ways to pay in Indonesia. Operators serving Indonesian merchants can connect licensed providers as payment methods and activate them per merchant, next to QRIS, e-wallets and virtual accounts, without each merchant negotiating a separate integration.