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Business

Indonesian P2P industry seeks regulatory clarity

A member of the staff of Indonesia's Financial Services Authority passes banners relating to tax evasion and gratuities at the agency's headquarters in Jakarta. (Photo by Ardi Wirdana)

JAKARTA -- Peer-to-peer (P2P) online lending is surging in Indonesia, prompting regulators to prioritize the establishment of a legal framework to protect the industry -- a move that participants say is essential to fulfil its potential.

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