Indonesian authorities taking on aggressive Chinese online lenders

Indonesian authorities taking on aggressive Chinese online lenders

The Semanggi Interchange stands in front of buildings in the business district in this aerial photograph taken in Jakarta, Indonesia, on Sunday, Aug. 13, 2017. Photographer: Dimas Ardian/Bloomberg

Indonesian authorities have generally opened their arms to fintech companies offering online loans in Southeast Asia’s biggest economy, viewing them as a way of getting credit to tens of millions of people often unable to access bank lending.

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