P2P Lending Industry: The Credit Insurance Dilemma

The P2P lending industry is bolstered by the introduction of credit insurance to secure loans in high-risk sectors. An insurance consortium has been established and is currently undergoing the licensing process with the OJK.

Bisnis, JAKARTA — Efforts to strengthen the peer-to-peer (P2P) lending industry are ongoing, with the introduction of credit insurance to secure loans in high-risk sectors. However, the industry is still maturing, grappling with ongoing fraud issues, particularly in productive financing.

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