OVO Responds to OFI's Revoked Business License

Wednesday, 10 November 2021 – 11:27 GMT+7
OJK revoked the business license of PT OVO Finance Indonesia / Credit: OJK

jpnn.com, JAKARTA - PT Visionet Internasional (OVO)'s head of public relations, Harumi Supit, has responded to the revocation of OVO Finance Indonesia (OFI)'s business license by the Financial Services Authority (OJK).

According to her, OFI is a multi-finance company that has no connection to OVO.

ALSO SEE: OJK Revokes OVO Finance's Business License

"OVO Finance has never been part of the electronic money company OVO, which has received official permission from Bank Indonesia," Harumi said in a statement in Jakarta, Wednesday (10/11).

However, from the beginning of its establishment, OFI has attached the name 'OVO'.

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"So, the revocation of the OFI permit by the OJK has nothing to do with all business lines in the OVO electronic money group," she said. 

She emphasized that all operations and electronic money services of OVO and companies under the OVO Group would continue as usual.

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Previously, OJK revoked the business license of OFI, prohibiting the company from conducting business activities as a financing company. 

According to OJK, OFI is required to complete rights and obligations in accordance with the provisions of the applicable laws.

In addition, the company is prohibited from using the words finance, financing, and/or words that characterize sharia financing activities or institutions in the name of the company. (mcr10/mcr20/jpnn)

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This news has been broadcast on JPNN.com with the title: OVO Buka Suara soal Pencabutan Izin Usaha dari OJK

Tags
OVO   OFI   OJK   business license