JAKARTA -- Indonesian civil servant Fajar took out his first online loan after seeing a pop-up advert on social media in 2019.
The amount of outstanding debt on Indonesia's online lending platforms soared from 13.16 trillion rupiah ($828 million) in 2019 to over 66 trillion rupiah at the end of September. (Illustration by Hiroko Aida) © Illustration by Hiroko Aida
ASEAN Money
Millions of Indonesians fall into digital debt trap as spending power wanes
Many middle-income earners caught out by stratospheric interest rates
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