Indonesia's fintech lending surge takes advantage of deficit in bank credit

Indonesia's fintech lending surge takes advantage of deficit in bank credit

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

Fintech firms, offering loans of as little as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit – helping alleviate a financing shortfall estimated at more than $73 billion.

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