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Indonesia comes out with regulations for P2P lending platforms


Following the release of e-commerce roadmap in November, Indonesia ended 2016 by coming out with a new set of rules for the fintech sector, specifically regulating peer-to-peer (P2P) lending platforms. The policies had long been anticipated by players, who had been working closely with the Indonesian financial services authority (OJK) to come up with rules governing lenders and borrowers. The rules cover issues such as foreign ownership, minimum capital requirements, interest rate provision, and consumer protection. The enhanced regulatory measures are expected to lure more investors into fi

For more on this story visit the following link: Indonesia comes out with regulations for P2P lending platforms

Source: Deal Street Asia

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