Indonesia's top P2P platforms meltdown spooks retail lenders

Collapse impacts dozens of players and involves billions of rupiah in financing

20240221 skyline of Indonesian capital Jakarta

Troubles in Indonesia's peer-to-peer lending sector are threatening to drive away retail lenders.

GITA ROSSIANA and KHAMILA MULIA, DealStreetAsia

JAKARTA -- Indonesia's peer-to-peer (P2P) lending sector, which has seen several prominent companies plunge into crisis recently, has made retail lenders and investors wary of the model that is now being put to the test.

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