Antitrust, Competition And Monopoly In Indonesia's Financial Technology Sector

Antitrust and unfair competition in Indonesia are regulated under the Prohibition of Monopolistic Practices and Unfair Competition Law, also referred to as the "Anti-Monopoly Law". The Anti-Monopoly Law generally prohibits anti-competitive agreements, abuse of dominant market positions, and mergers or acquisitions that may substantially lessen competition in a relevant market. It also establishes the Indonesian Competition Commission (Komisi Pengawas Persaingan Usaha or "KPPU") as the primary authority responsible for the enforcement of antitrust and unfair competition infractions. However, as in many countries, the enforcement of regulations in Indonesia can be challenging and the KPPU is frequently criticised for being slow and insufficiently aggressive when pursuing anticompetitive behaviour.