Challenges and strategies for Chinese fintech firms compliance operations in Indonesia: Case studies and regional comparative analysis

Wang Tengfei () and Hazlina Binti Shaik MD Noor Alam ()

Edelweiss Applied Science and Technology, 2025, vol. 9, issue 8, 1558-1579

Abstract: This study dissects the compliance pain points facing Chinese fintech firms in Indonesia and offers actionable guidance for overseas expansion. Design/Methodology: Using a three-step framework—regulatory mapping, regional comparison (China–Singapore–Malaysia), and corporate case analysis (Akulaku, DANA, AdaKami, Kredivo; RupiahPlus)—the paper evaluates barriers and countermeasures. Findings: Indonesia’s regime has tightened and diversified: the 2022 Personal Data Protection Law (PDP Law) introduces extraterritoriality, data minimization, 72-hour breach notice, and “equivalent protection” for cross-border transfers, raising data-compliance costs; the 2023 P2SK Law moves crypto oversight from Bappebti to OJK from 2025; POJK No. 40/2024 eases foreign equity caps while increasing capital/disclosure requirements and banning aggressive collections. A dual-track BI–OJK structure, Kominfo oversight, and local autonomy create fragmented standards and heavier reporting/enforcement burdens. Conclusion: China’s internet-finance model is not directly transferrable to Indonesia. Practical implications: Firms should build a dual adaptation framework—institutionally, dynamic regulatory mapping and localized data-governance plans; culturally, product and process designs compatible with religious-legal norms—plus staged market-entry and compliance operating models.

Keywords: Chinese-funded enterprises; Compliance operation; Fintech; Indonesia; Internet finance. (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://learning-gate.com/index.php/2576-8484/article/view/9654/3158 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ajp:edwast:v:9:y:2025:i:8:p:1558-1579:id:9654

Access Statistics for this article

More articles in Edelweiss Applied Science and Technology from Learning Gate
Bibliographic data for series maintained by Melissa Fernandes ().