Indonesia allows private pawnshops, ending state-owned Pegadaian's monopoly

Indonesia allows private pawnshops, ending state-owned Pegadaian's monopoly

In a bid to further increase access to finance for people, the Indonesian government through the Financial Services Authority (OJK) is inviting private enterprises to open pawnshops, ending the monopoly of state-owned pawnshop Pegadaian.

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