Despite being more stringent, fintechs welcome Indonesia's new P2P lending rules

Despite being more stringent, fintechs welcome Indonesia's new P2P lending rules

Credit: Flickr/401(K) 2012

Players in Indonesia’s peer-to-peer (P2P) lending industry have welcomed a new regulation by the Financial Services Authority (OJK), an executive of a fintech industry body said on Friday. This is despite the law being more stringent than existing rules.