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Sharing Economy

Indonesia tightens screws on peer-to-peer lenders

Online financing boom draws scrutiny as abuses mount

A woman checks her phone while shopping at Senayan City Mall in Jakarta. The spread of smartphones has helped propel the growth of online lending in Indonesia.   © Reuters

JAKARTA -- Indonesia's flourishing peer-to-peer lending industry is under scrutiny as complaints surge over a market that meets a need for fast credit but attracts unscrupulous players.

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