Indonesia's Deputy Finance Minister Juda Agung, speaking at the High Level Leaders Panel of the 2026 annual general meeting of the Indonesian Fintech Association, urged the fintech industry to safeguard public trust as the digital economy expands. He said fintech growth must be not only fast but also safe, transparent and able to deliver tangible benefits, and called on the industry to support inclusive and sustainable economic growth. In remarks to fintech firms, he highlighted risks in digital lending models that connect lenders and borrowers online, particularly information asymmetry and the resulting moral hazard. He pointed to problematic loans, non-transparent interest charges and collection practices that can harm consumers, and asked the Indonesian Fintech Association to take the lead in strengthening transparency, enforcing the industry's code of ethics, improving disclosure and protecting consumers. He also stressed the need for stronger digital literacy so users better understand the risks and benefits of fintech services before using them.

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