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Indonesia's fintech lending boom exploits shortfall in bank loans
Published Tue, Jan 30, 2018 · 09:50 PM
Jakarta
FINTECH firms, offering loans as cheap as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit - helping to alleviate a financing shortfall estimated at more than US$73 billion.
The emergence of these peer-to-peer (P2P) lending platforms has so far …
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