Financing Companies to Offer Buy Now Pay Later Services: Approval, Debt Collection and Termination Procedures Made Clear

In 2024, the Financial Services Authority ( No. 46 of 2024 on the Development and Strengthening of Financing Companies, Infrastructure Companies and Venture Capital Companies, which was an amendment to both Regulation No. 35/POJK.05/2018 onthe Organization of the Business Activities of Financing Companies(“ Regulation 35/2018 ”)and Regulation No. 10/POJK.05/2019 (“ Regulation 10/2019 ”) onthe Organization of Sharia Financing Companies and Sharia Business Units of Financing Companies (collectively referred to as “.