Why Indonesian Peer-to-Peer Lending Market is projected for exponential growth? : Ken Research
Diving into the heart of financial innovation, this whitepaper unveils the captivating narrative: Why is the Indonesian Peer-to-Peer Lending Market primed for unparalleled growth? What enigmatic factors fuel this upward trajectory, defying conventional norms? Can the dynamic blend of technology and lending truly reshape Indonesia’s financial landscape?
Explore these compelling questions and embark on a journey through data-driven insights, groundbreaking trends, and the power of untapped potential. Join us as we decode the forces driving exponential expansion and reveal the alluring promises this market holds.
1. As the world’s fourth most populous country, and with around 70 percent of its people representing working age, Indonesia has unique economic potential when it comes to money and capital
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2. Indonesia is home to over 64 million MSMEs, accounts for almost 60% of the national gross domestic product (GDP), and absorbs a whopping 97% of the workforce
3. Peer-to-peer (P2P) platforms act as marketplaces bringing together borrowers and lenders/investors, offering quick, low-cost, technology-driven solutions particularly beneficial for the growing MSME segment
4. Since the inception of P2P Lending in Indonesia, its market saw remarkable growth, with driving factors such as the digital revolution, public interest in new financial technologies & a huge potential industry
5. Increased demands from SMEs, Partnerships with Commercial Banks, Large Unbanked Population were some of the underlying reasons driving the growth of Indonesia’s P2P Lending Market
6. Moreover, with the latest trends such as Digitization, the Introduction of eKYC and Chatbots via AI, the Indonesian P2P lending industry is ready for exponential growth by the end of this decade
Some of the Intelligence Curated by Ken Research in Peer to Peer Lending Market Space:
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