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p2p

Science & Tech 4 years ago

'We feel helpless and guilty': Meet those behind Indonesia’s 'solidarity economy'

With many Indonesians barely able to survive the pandemic’s economic fallout, citizen-run initiatives have become a lifeblood for many.

National 5 years ago

PREMIUM
Unlicensed P2P lending offers fast cash at price of privacy

Shady P2P lending services often provide quick loans in exchange for the user's personal data, which is often misused by debt collectors to claw back funds.

Opinion 5 years ago

Hiding in plain sight: The pandemic doubles the risk of P2P lending operation

OJK said P2P jumped to Rp 116.97 trillion in July, a staggering 135 percent increase from a year earlier.

Business 5 years ago

Fintech association to establish task force as bad loans soar

The Indonesian Fintech Lenders Association (AFPI) has pledged to create a task force to help peer-to-peer (P2P) fintech firms stem the rise of bad loans caused by the COVID-19 crisis.

Business 6 years ago

PREMIUM
Digital adoption outside Java lags despite adequate infrastructure: Report

According to a recent East Venture report, provinces such as Jakarta, West Java, East Java, Yogyakarta and Banten lead in its Digital Competitiveness Index, while provinces like East Nusa Tenggara, Central Kalimantan, West Sulawesi and Papua ranked low in the index.

Business 6 years ago

Fintech start-up Akseleran raises $8.55m in Series A funding

The fintech start-up has targeted disbursing Rp 2 trillion in P2P loans to SMEs this year.

Lifestyle 6 years ago

Chinese borrowers drown in online lending's 'bottomless pit'

Telecoms engineer Peng Jiezhao's taste for new smartphones and expensive sneakers seemed like a harmless, if expensive, hobby -- until he started borrowing money from Chinese online lending sites to feed it.

National 7 years ago

PREMIUM
Police get expertise help to crack down on online loan sharks

The Investment Alert Task Force will speed up the processing of complaints received from people falling prey to and being abused by creditors because they have failed to repay their debts.

Opinion 7 years ago

PREMIUM
Holistic effort for P2P fintech: Stop the abuse

The past several years have seen the rise of online-based P2P lending firms in Indonesia. These firms, often called “fintech (financial technology) P2P”, serve a very important niche market: bringing financial services to portions of the population previously considered unbankable.

Business 7 years ago

Fintech association to help grow P2P lending

Financial lenders are taking it upon themselves to grow a healthier lending industry and protect consumers by setting out a strict code of conduct.

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