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PINJAM GAMPANG
Information by Research TrustFinance
Pinjam Gampang was a financial technology application operating in Indonesia that provided fast, unsecured personal cash loans directly to consumers via a mobile app. The platform targeted individuals seeking quick and easy access to credit without the stringent requirements of traditional banks. However, Pinjam Gampang operated without a license from Indonesia's Financial Services Authority (OJK). Consequently, it was repeatedly identified as an illegal lending platform (`pinjol ilegal`) by the government's Investment Alert Task Force (Satgas Waspada Investasi) and has been subject to blocking and public warnings due to predatory practices, such as excessively high interest rates and unethical debt collection tactics.
Indonesia
Industry
Financial