Indonesia's P2P lending players brace for culling as pandemic hits home

Indonesia's P2P lending players brace for culling as pandemic hits home

Surabaya, Indonesia. Photo by Hobi industri on Unsplash

Indonesia’s scores of peer-to-peer (P2P) lending firms are bracing for a brutal cull as the COVID-19 pandemic afflicts the crowded sector with rising defaults, wary lenders and a crippled micro-business segment.

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