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Higher returns lead to P2P boom in Indonesia

Lack of investment options push institutions to such platforms

Peer-to-peer lending, such as Modalku offers is growing in Indonesia, driven by huge demand from its largely under-banked population.    © Reuters

JAKARTA/SINGAPORE -- Institutional investors such as banks and investment management firms are increasingly deploying funds in peer-to-peer lending platforms in Indonesia, as they hunt for higher returns amid lackluster and uncertain equity markets.

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