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Jakarta, Oktober 8, 2026 – DBS Indonesia has officially partnered with fintech firm JULO to distribute Rp 500 billion in funding, a move designed to broaden access to digital credit for underbanked communities across Indonesia.
The collaboration, which began in August 2025, reflects the growing role of financial technology in bridging gaps left by traditional banking institutions.
JULO, a homegrown fintech platform, has already disbursed Rp 640 billion in loans to its users over the past year.
These loans have been directed toward essential needs such as education, home renovation, daily expenses, and small business capital.
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The partnership with DBS is expected to accelerate this momentum, offering more Indonesians access to affordable and flexible credit options.
Indonesia’s credit penetration remains low, with only about five percent of the population actively engaged in formal credit systems.
This leaves millions of people underserved, creating fertile ground for digital lending platforms.
According to the Financial Services Authority (OJK), outstanding online lending reached Rp 105.63 trillion in July 2026, marking a 24.76 percent increase compared to the same period last year.
The surge underscores both the demand for alternative financing and the risks associated with rapid expansion.
JULO employs advanced data-driven risk analysis and machine learning to evaluate borrower eligibility, aiming to ensure responsible lending practices.
Harri Suhendra, President Director of JULO, emphasized that the partnership is not only about expanding access but also about building trust in Indonesia’s digital credit ecosystem.
By leveraging DBS’s institutional credibility, JULO hopes to strengthen its position in the competitive fintech landscape.
The implications of this collaboration extend beyond individual borrowers.
Expanding digital credit access can stimulate small scale entrepreneurship, support household consumption, and contribute to broader financial inclusion. However, challenges remain.
Rising reliance on paylater services and online loans reflects weakening purchasing power among households, raising concerns about credit quality.
Regulators are closely monitoring the sector to ensure sustainable growth and protect consumers from over-indebtedness.
Looking ahead, DBS and JULO plan to deepen their cooperation, targeting JULO’s three million users with more inclusive, secure, and responsible credit offerings.
The partnership highlights a broader trend in Indonesia’s financial sector banks are increasingly collaborating with fintech platforms to extend their reach, while fintechs gain legitimacy through alliances with established institutions.
As digital lending continues to grow, balancing innovation with prudent risk management will be critical to sustaining trust and stability in the market.
