Indonesia tightens screws on peer-to-peer lenders

Online financing boom draws scrutiny as abuses mount

20181221N Smartphone user in Indonesia

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.

ERWIDA MAULIA, Nikkei staff writer

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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